Insider Wei-Ming Shao (NASDAQ: MSTR) files Rule 144 to sell 5,000 shares

Rhea-AI Filing Summary

An insider named Wei-Ming Shao has filed a Form 144 notice of intent to sell 5,000 Class A shares of the issuer through Fidelity Brokerage Services LLC on 01/14/2026. The filing lists an aggregate market value for this planned sale of 933,250.50 and notes that 267,713,485 shares of this class were outstanding. The shares to be sold were acquired on 01/14/2026 through an option granted on 02/23/2021, with payment in cash.

The notice also discloses prior sales over the past three months by Wei-Ming Shao, including multiple November 2025 transactions in Class A shares, such as 5,334 shares sold on several days with disclosed gross proceeds (for example, 1,328,819.42 and 1,254,454.92), and additional sales of 2,600 shares on several dates with stated gross proceeds for each day. By signing the notice, the seller represents not knowing any undisclosed material adverse information about the issuer’s operations.

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Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Class A	Fidelity Brokerage Services LLC 900 Salem Street Smithfield RI 02917	5000	933250.50	267713485	01/14/2026	NASDAQ

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Class A	01/14/2026	Option Granted - 02/23/2021	Issuer			5000	01/14/2026	Cash

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	11/10/2025	5334	1328819.42
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	11/11/2025	5334	1254454.92
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	11/12/2025	5334	1207395.17
Wei-Ming Shao 1850 Towers Crescent Plaza Tyson Corner VA 22182	Class A	11/13/2025	2600	581535.50
Wei-Ming Shao 1850 Towers Crescent Plaza Tyson Corner VA 22182	Class A	11/14/2025	2600	521248.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tyson Corner VA 22182	Class A	11/17/2025	2600	520000.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tyson Corner VA 22182	Class A	11/18/2025	2600	520000.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tyson Corner VA 22182	Class A	11/19/2025	2600	525252.00

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does this Form 144 filing related to MSTR disclose?

The Form 144 discloses that Wei-Ming Shao plans to sell 5,000 Class A shares of the issuer on 01/14/2026 through Fidelity Brokerage Services LLC, with an indicated aggregate market value of 933,250.50. It also provides information on how and when these shares were acquired.

How many shares are planned to be sold and on what exchange are they listed?

The notice covers an intended sale of 5,000 Class A shares. The shares are listed in the table as trading on NASDAQ, with 267,713,485 shares of this class outstanding.

How and when were the 5,000 Class A shares being sold under Form 144 acquired?

The 5,000 Class A shares were acquired on 01/14/2026, arising from an option granted on 02/23/2021. The filing states that the nature of payment for these shares was cash.

What prior sales by Wei-Ming Shao are reported in the last 3 months?

The document lists several Class A sales by Wei-Ming Shao in November 2025, including multiple transactions of 5,334 shares on 11/10/2025, 11/11/2025, and 11/12/2025 with respective gross proceeds such as 1,328,819.42 and 1,254,454.92, and further sales of 2,600 shares on several later dates with disclosed gross proceeds for each.

What representation does the seller make when signing this Form 144?

By signing, the person for whose account the securities are to be sold represents that they do not know any material adverse information about the issuer’s current or prospective operations that has not been publicly disclosed.

Who is the broker handling the planned Form 144 sale for the insider?

The planned sale of 5,000 Class A shares is listed as being executed through Fidelity Brokerage Services LLC, with its address at 900 Salem Street, Smithfield, RI 02917.