Strategy (MSTR) SEC Filings

Strategy Inc (MSTR) director Jarrod M. Patten exercised options for 4,750 shares of Class A common stock on November 4, 2026, at an exercise price of $18.236 per share. He sold 4,750 shares in five transactions of 950 shares each, at $143, $145, $137, $139, and $141 per share. After the exercise, 16,400 shares remained under the option, which expires May 31, 2027. No Rule 10b5-1 plan is reported.

Strategy Inc director Jarrod M. Patten exercised 950 director stock options on November 3, 2026, acquiring 950 Class A common shares at an exercise price of $18.236 per share. He sold 950 Class A shares the same day at $136.04 per share. No Rule 10b5-1 plan is reported. After the exercise, 21,150 shares remained under the option, which expires May 31, 2027.

Strategy Inc director Jarrod M. Patten reported a proposed sale of 4,750 Class A shares, with an aggregate market value of $669,750.00 and an approximate sale date of November 4, 2026. Fidelity Brokerage Services LLC is listed as the broker and Nasdaq as the exchange. The notice also lists prior Class A sales dated August 7 through November 3, 2026.

Strategy Inc. (MSTR) director Jarrod M. Patten filed a notice of proposed sale of 950 Class A shares, with an aggregate market value of $129,238.10 and an approximate sale date of November 3, 2026. Fidelity Brokerage Services LLC is listed as the broker. The notice also lists 950 Class A shares acquired from the issuer through a stock option exercise for cash on November 3, 2026.

Strategy Inc (MSTR) reported third-quarter revenue of $125.4 million and net income of $19.5 billion, compared with $128.7 million and $2.8 billion, respectively, a year earlier. A $20.9 billion gain on digital assets contributed to the quarter’s result. For the first nine months of 2026, Strategy recorded a $1.2 billion net loss, versus $8.6 billion of net income in 2025, alongside a $1.9 billion digital-asset loss compared with a $12.0 billion gain.

Strategy held approximately 847,666 bitcoin, with a fair value of $70.8 billion as of September 30, 2026. Approximately 99% of total assets related to the Bitcoin segment as of that date. Cash and cash equivalents were $2.5 billion and short-term investments were $3.4 billion; operating activities provided $14.3 million in cash during the first nine months, versus $45.6 million used a year earlier. Strategy paid $1.34 billion in cash to repurchase STRC preferred stock during the nine months and raised the program’s aggregate purchase-price authorization from $1.0 billion to $2.0 billion. A further $36.8 million for repurchases remained payable as of September 30, 2026.

Strategy Inc. updates the terms for its at-the-market offering of up to $21,000,000,000 of Variable Rate Series A Perpetual Stretch Preferred Stock (STRC Stock). A stockholder-approved amendment effective November 1, 2026 changes the timing for declared regular dividends from twice monthly to each scheduled business day. The first payment date under the amendment is November 3, 2026; November 2 is not a payment date. Record dates occur every calendar day beginning November 1, including weekends and holidays.

The initial monthly dividend rate for November 2026 is 12.00% per annum, applied to the stock’s $100 stated amount per share. Dividends accumulate whether or not declared, but are payable only when declared by the board from funds legally available for payment. Strategy Inc. may set different rates for later months, subject to notice and contractual limits. The company expects to fund cash dividends primarily through additional at-the-market offerings of class A common stock, and may also use its U.S. dollar reserve or other capital-raising activities. The optional redemption price is $101 per share, plus accumulated and unpaid dividends.

Strategy Inc. amended the dividend terms governing its at-the-market offering of up to $1,659,967,526.88 of 10.00% Series A Perpetual Strife Preferred Stock (STRF). The stockholder-approved certificate becomes effective January 1, 2027. STRF accumulates dividends at 10.00% annually on its $100 stated amount per share, whether or not declared or funds are legally available; dividends are payable only when declared and from legally available funds. Through December 31, 2026, declared regular dividends remain payable quarterly. Beginning January 1, 2027, they are payable solely in cash and generally each business day; the first payment date is January 4, 2027.

When dividends due on a quarter-end payment date remain unpaid, compounded dividends initially accrue at 11.00% per year, increasing 100 basis points per calendar quarter after the first accrual quarter, up to 18.00%. Failure to declare the full accumulated amount by the last regular record date of a quarter triggers a deferral process: Strategy will use commercially reasonable efforts over 45 days to sell Class A common stock or other securities to raise proceeds sufficient to cover unpaid amounts. Subject to the deferral provisions, if dividends are not fully declared and paid for four or eight consecutive calendar quarters, STRF holders have a right to elect one preferred-stock director at each threshold.

Strategy Inc's supplement relates to an at-the-market offering of up to $2,100,000,000 of 8.00% Series A Perpetual Strike Preferred Stock (STRK Stock). Stockholders approved the amended certificate at the October 28, 2026 special meeting; it becomes effective January 1, 2027 at 12:01 a.m. Eastern time.

The 8.00% annual dividend rate applies to the $100 stated amount per share. Quarterly payments continue through December 31, 2026. Beginning January 1, 2027, declared dividends are generally payable each business day; the first payment date is January 4, 2027, or another date specified in the applicable share certificate. Dividends are payable when, as and if declared, and Strategy may elect cash, class A common shares or a combination. If paid in shares, they are valued at 95% of class A common stock's daily VWAP on the third VWAP trading day before payment, subject to a share limit using the initial $119.03-per-share floor price, which is subject to adjustment. Unpaid dividends may accumulate compounded dividends quarterly. The certificate does not require Strategy to declare or pay dividends, even when funds are legally available.

Strategy Inc's supplement describes an at-the-market offering of up to $4,133,799,112.67 of its 10.00% Series A Perpetual Stride Preferred Stock and amends its dividend terms. The annual dividend rate remains 10.00% on a stated amount of $100 per share, and dividends remain discretionary and non-cumulative.

Stockholders approved the amendment, and the amended certificate becomes effective January 1, 2027. Dividends continue quarterly through December 31, 2026; beginning in 2027, declared dividends are payable on scheduled business-day payment dates, with the first date on January 4, 2027. Record dates will be every calendar day, including weekends and holidays. Redemption and fundamental-change repurchase prices are revised to account for declared, unpaid dividends; undeclared dividends are excluded.