Peter L. Briger JR - Jul 1, 2025 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role: Director
Signature: /s/ Allein Sabel, Attorney-in-Fact
Stock symbol: MSTR
Transactions as of: Jul 1, 2025
Transactions value $: $0
Form type: 4
Date filed: 7/3/2025, 04:10 PM
Next filing: Jul 29, 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Briger Peter L JR	Director	C/O MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER	/s/ Allein Sabel, Attorney-in-Fact	2025-07-03	0001380193

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	Director Stock Option (Right to buy)	Award	$0	+3.55K		$0.00	3.55K	Jul 1, 2025	Class A Common Stock	3.55K	$373.30	Direct	F1, F2
transaction	MSTR	Restricted Stock Units	Award	$0	+2.68K		$0.00	2.68K	Jul 1, 2025	Class A Common Stock	2.68K		Direct	F1, F3, F4

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

Explanation of Responses:

Id	Content
F1	These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan, as amended, which provides for the automatic grant of equity awards with an aggregate fair value of $2,000,000 (split evenly between restricted stock units and options) upon the initial election of a non-employee director to the Board of Directors of MicroStrategy Incorporated d/b/a Strategy ("Strategy"), vesting in equal annual installments over four years.
F2	25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.
F3	Each restricted stock unit represents a contingent right to receive one share of Strategy class A common stock.
F4	25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.