Wei-Ming Shao - Jul 9, 2025 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Signature
/s/ Allein Sabel, Attorney-in-Fact
Stock symbol
MSTR
Transactions as of
Jul 9, 2025
Transactions value $
-$19,582,546
Form type
4
Date filed
7/11/2025, 08:00 PM
Previous filing
Jun 9, 2025
Next filing
Jul 15, 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Shao Wei-Ming EVP & General Counsel C/O MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA, TYSONS CORNER /s/ Allein Sabel, Attorney-in-Fact 2025-07-11 0001663488

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MSTR Class A Common Stock Options Exercise $809K +20K +157.16% $40.46 32.7K Jul 9, 2025 Direct
transaction MSTR Class A Common Stock Options Exercise $219K +12.5K +38.2% $17.50 45.2K Jul 9, 2025 Direct
transaction MSTR Class A Common Stock Sale -$13M -32.5K -71.86% $401.47 12.7K Jul 9, 2025 Direct F1
transaction MSTR Class A Common Stock Options Exercise $809K +20K +157.16% $40.46 32.7K Jul 10, 2025 Direct
transaction MSTR Class A Common Stock Sale -$495K -1.2K -3.67% $412.90 31.5K Jul 10, 2025 Direct F2
transaction MSTR Class A Common Stock Sale -$1M -2.43K -7.7% $413.82 29.1K Jul 10, 2025 Direct F3
transaction MSTR Class A Common Stock Sale -$498K -1.2K -4.12% $414.95 27.9K Jul 10, 2025 Direct F4
transaction MSTR Class A Common Stock Sale -$250K -600 -2.15% $415.95 27.3K Jul 10, 2025 Direct F5
transaction MSTR Class A Common Stock Sale -$542K -1.3K -4.76% $417.08 26K Jul 10, 2025 Direct F6
transaction MSTR Class A Common Stock Sale -$251K -600 -2.31% $418.34 25.4K Jul 10, 2025 Direct F7
transaction MSTR Class A Common Stock Sale -$471K -1.12K -4.42% $419.40 24.3K Jul 10, 2025 Direct F8
transaction MSTR Class A Common Stock Sale -$2.98M -7.09K -29.2% $420.40 17.2K Jul 10, 2025 Direct F9
transaction MSTR Class A Common Stock Sale -$1.7M -4.05K -23.53% $421.43 13.1K Jul 10, 2025 Direct F10
transaction MSTR Class A Common Stock Sale -$176K -418 -3.18% $422.14 12.7K Jul 10, 2025 Direct F11
holding MSTR Series A Perpetual Stride Preferred Stock 3.53K Jul 9, 2025 Direct
holding MSTR Series A Perpetual Strife Preferred Stock 500 Jul 9, 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) Options Exercise $0 -20K -10% $0.00 180K Jul 9, 2025 Class A Common Stock 20K $40.46 Direct F12
transaction MSTR Employee Stock Option (Right to buy) Options Exercise $0 -12.5K -11.11% $0.00 100K Jul 9, 2025 Class A Common Stock 12.5K $17.50 Direct F13
transaction MSTR Employee Stock Option (Right to buy) Options Exercise $0 -20K -11.11% $0.00 160K Jul 10, 2025 Class A Common Stock 20K $40.46 Direct F14
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $401.31 to $402.00, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated d/b/a Strategy ("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 at each price within the ranges set forth in this footnote.
F2 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $412.37 to $413.26, 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 at each price within the ranges set forth in this footnote.
F3 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $413.39 to $414.30, 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 at each price within the ranges set forth in this footnote.
F4 The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $414.50 to $415.49, 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 at each price within the ranges 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 $415.50 to $416.42, 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 at each price within the ranges 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 $416.94 to $417.24, 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 at each price within the ranges 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 $417.97 to $418.82, 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 at each price within the ranges 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 $419.00 to $419.76, 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 at each price within the ranges 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 $420.00 to $420.90, 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 at each price within the ranges 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 $421.00 to $421.95, 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 at each price within the ranges 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 $422.05 to $422.24, 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 at each price within the ranges set forth in this footnote.
F12 The 20,000 shares exercised on July 9, 2025 pursuant to this option vested on February 17, 2023. Of the remaining 180,000 shares subject to this option, 30,000 shares vested on February 17, 2023, 50,000 shares vested on February 17, 2024, 50,000 shares vested on February 17, 2025 and 50,000 shares are scheduled to vest on February 17, 2026.
F13 The 12,500 shares exercised on July 9, 2025 pursuant to this option vested on November 10, 2024. Of the remaining 100,000 shares subject to this option, 50,000 shares are scheduled to vest on November 10, 2025 and 50,000 shares are scheduled to vest on November 10, 2026.
F14 The 20,000 shares exercised on July 10, 2025 pursuant to this option vested on February 17, 2023. Of the remaining 160,000 shares subject to this option, 10,000 shares vested on February 17, 2023, 50,000 shares vested on February 17, 2024, 50,000 shares vested on February 17, 2025 and 50,000 shares are scheduled to vest on February 17, 2026.