Le Phong - 11 Apr 2025 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role: President & CEO, Director
Signature: /s/ Allein Sabel, Attorney-in-Fact
Issuer symbol: MSTR
Transactions as of: 11 Apr 2025
Transactions value $: $0
Form type: 4
Filing time: 15 Apr 2025, 16:06:16 UTC
Previous filing: 26 Mar 2025
Next filing: 09 Jun 2025
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSTR	Class A Common Stock						18.2K	11 Apr 2025	Direct
holding	MSTR	Series A Perpetual Strife Preferred Stock						6K	11 Apr 2025	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MSTR	Employee Stock Option (Right to buy)	Gift	$0	-102K	-16.96%	$0.00	498K	11 Apr 2025	Class A Common Stock	102K	$23.13	Direct	F1, F2
transaction	MSTR	Employee Stock Option (Right to buy)	Gift	$0	+102K		$0.00	102K	11 Apr 2025	Class A Common Stock	102K	$23.13	See footnote	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Represents fully vested stock options transferred pursuant to an option transfer agreement (the "Transfer Agreement") dated April 11, 2025 between the Reporting Person, the Carrie & Phong Le 2024 Legacy Trust (the "Trust"), and MicroStrategy Incorporated d/b/a Strategy. The Reporting Person's spouse serves as trustee of the Trust, and the beneficiaries of the Trust are the descendants of the Reporting Person and the Reporting Person's spouse.
F2	Of the 600,000 shares subject to this option, 150,000 shares vested on September 13, 2023, 150,000 shares vested on September 13, 2024, 150,000 shares are scheduled to vest on September 13, 2025, and 150,000 shares are scheduled to vest on September 13, 2026. The 101,756.55 shares subject to the options transferred under the Transfer Agreement vested on September 13, 2023.

Content

Represents fully vested stock options transferred pursuant to an option transfer agreement (the "Transfer Agreement") dated April 11, 2025 between the Reporting Person, the Carrie & Phong Le 2024 Legacy Trust (the "Trust"), and MicroStrategy Incorporated d/b/a Strategy. The Reporting Person's spouse serves as trustee of the Trust, and the beneficiaries of the Trust are the descendants of the Reporting Person and the Reporting Person's spouse.

Of the 600,000 shares subject to this option, 150,000 shares vested on September 13, 2023, 150,000 shares vested on September 13, 2024, 150,000 shares are scheduled to vest on September 13, 2025, and 150,000 shares are scheduled to vest on September 13, 2026. The 101,756.55 shares subject to the options transferred under the Transfer Agreement vested on September 13, 2023.