| Name | Relationship | Address | Signature | Signature date | CIK |
|---|---|---|---|---|---|
| Le Phong | President & CEO, Director | C/O MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER | /s/ Allein Sabel, Attorney-in-Fact | 09 Jun 2025 | 0001651669 |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MSTR | Class A Common Stock | Options Exercise | +11,920 | +65.62% | 30,085 | 05 Jun 2025 | Direct | F1 | ||
| transaction | MSTR | Series A Perpetual Stride Preferred Stock | Purchase | $382,500 | +4,500 | $85 | 4,500 | 05 Jun 2025 | Direct | F2 | |
| transaction | MSTR | Class A Common Stock | Sale | -$7,043 | -19 | -0.06% | $370.7 | 30,066 | 06 Jun 2025 | Direct | F3, F4 |
| transaction | MSTR | Class A Common Stock | Sale | -$136,390 | -367 | -1.22% | $371.64 | 29,699 | 06 Jun 2025 | Direct | F3, F5 |
| transaction | MSTR | Class A Common Stock | Sale | -$160,835 | -432 | -1.45% | $372.3 | 29,267 | 06 Jun 2025 | Direct | F3, F6 |
| transaction | MSTR | Class A Common Stock | Sale | -$142,396 | -381 | -1.3% | $373.74 | 28,886 | 06 Jun 2025 | Direct | F3, F7 |
| transaction | MSTR | Class A Common Stock | Sale | -$747,725 | -1,996 | -6.91% | $374.61 | 26,890 | 06 Jun 2025 | Direct | F3, F8 |
| transaction | MSTR | Class A Common Stock | Sale | -$637,855 | -1,699 | -6.32% | $375.43 | 25,191 | 06 Jun 2025 | Direct | F3, F9 |
| transaction | MSTR | Class A Common Stock | Sale | -$138,123 | -367 | -1.46% | $376.36 | 24,824 | 06 Jun 2025 | Direct | F3, F10 |
| transaction | MSTR | Class A Common Stock | Sale | -$12,822 | -34 | -0.14% | $377.14 | 24,790 | 06 Jun 2025 | Direct | F3, F11 |
| holding | MSTR | Series A Perpetual Strife Preferred Stock | 6,000 | 05 Jun 2025 | Direct |
| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Underlying Class | Amount | Exercise Price | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | MSTR | Restricted Stock Units | Options Exercise | $0 | -11,920 | -33.33% | $0 | 23,840 | 05 Jun 2025 | Class A Common Stock | 11,920 | Direct | F1, F12 |
Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.
Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).
| Id | Content |
|---|---|
| F1 | Each restricted stock unit represents a contingent right to receive one share of class A common stock of MicroStrategy Incorporated d/b/a Strategy ("Strategy"). |
| F2 | Represents shares purchased through a directed share program in connection with the underwritten public offering of Strategy's 10.00% Series A Perpetual Stride Preferred Stock. These shares were purchased at the public offering price of $85.00 per share. |
| F3 | The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 7, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards. |
| F4 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $370.66 to $370.72, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F5 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $371.24 to $371.99, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F6 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $372.00 to $372.521, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F7 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $373.35 to $373.995, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F8 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $374.00 to $374.99, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F9 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $375.00 to $375.99, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F10 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $376.00 to $376.91, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F11 | The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $377.02 to $377.32, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold ateach price within the range set forth in this footnote. |
| F12 | The remaining 23,840 restricted stock units will vest in equal annual installments over a two-year period, with 11,920 restricted stock units vesting on June 5, 2026 and 11,920 restricted stock units vesting on June 5, 2027. |