Strategy former officer proposes $1.68M share sale

The notice also lists prior Class A sales by Wei-Ming Shao from January 14 through February 19, 2026.

Accepted by SEC EDGAR 02/20/2026 - 04:17 PM EST Learn about SEC filing dates

Rhea-AI Filing Summary

Strategy Inc's former officer Wei-Ming Shao reported a proposed sale of 12,500 Class A shares, with an approximate sale date of February 20, 2026 and an aggregate market value of $1,680,339.34.

The securities details list the shares as acquired on February 20, 2026 through an option granted February 23, 2021, with cash listed as the nature of payment. Shao's prior reported sales include 22,500 Class A shares on February 6 for gross proceeds of $2,837,050.

Key Figures

Proposed sale: 12,500 Class A shares Aggregate market value: $1,680,339.34 Class A shares sold: 22,500 shares +1 more

4 metrics

Proposed sale 12,500 Class A shares Approximate sale date: February 20, 2026

Aggregate market value $1,680,339.34 For the proposed sale

Class A shares sold 22,500 shares February 6, 2026

Gross proceeds $2,837,050 Sale of 22,500 Class A shares on February 6, 2026

Key Terms

Aggregate Market Value, Gross Proceeds, Shares Outstanding

3 terms

Aggregate Market Value financial

"Aggregate Market Value | 1680339.34"

Aggregate market value is the combined price you would pay to buy all outstanding shares of a company or all companies in a group at current market prices — essentially the sum of each stock’s market capitalization. It matters to investors because it shows the overall size and weight of an investment or sector (like the total cost to buy every piece of a puzzle), helps compare scale across companies or markets, and influences index composition and risk exposure.

Gross Proceeds financial

"Gross Proceeds | 2837050.00"

The total amount of cash a company receives from a financing event or sale before any fees, expenses, taxes or deductions are taken out. Investors watch gross proceeds because it shows the raw scale of new capital being raised—think of it as the paycheck amount before withholdings—which helps assess how much funding is available for operations, growth, debt payoff or how much shareholder dilution might occur once costs are removed.

Shares Outstanding financial

"Number of Shares or Other Units Outstanding"

Shares outstanding are the total number of a company’s stock units held by all shareholders, including institutional investors and company insiders — think of them as the total number of slices of the company’s ownership pie. Investors use this number to calculate how much of the company each share represents, and it directly affects per-share measures like earnings per share, ownership percentage and valuation; when the slice count changes, an investor’s claim and the company’s per-share metrics change too.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MSTR shares did former officer Wei-Ming Shao propose to sell?

Wei-Ming Shao reported a proposed sale of 12,500 Class A shares, with an approximate sale date of February 20, 2026 and an aggregate market value of $1,680,339.34.

What other recent MSTR sales did Wei-Ming Shao report?

Among the listed prior sales, Shao reported selling 5,000 Class A shares for gross proceeds of $629,035.50 on February 19, 2026 and 5,000 shares for $933,250.50 on January 14, 2026.

How were the 12,500 MSTR shares listed for sale acquired?

The shares are listed as acquired on February 20, 2026 through an option granted February 23, 2021; cash is listed as the nature of payment, dated February 20, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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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	0001663488
Filer CCC	XXXXXXXX
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer	Strategy Inc
SEC File Number	001-42509
Address of Issuer	1850 TOWERS CRESCENT PLAZA TYSONS CORNER VIRGINIA 22182
Phone	703-848-8600
Name of Person for Whose Account the Securities are To Be Sold	Shao Wei-Ming
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	Former Officer

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	12500	1680339.34	314112458	02/20/2026	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	02/20/2026	Option Granted - 02/23/2021	Issuer			12500	02/20/2026	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	01/14/2026	5000	933250.50
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	01/22/2026	2000	325646.80
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	01/23/2026	2000	322000.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	01/26/2026	2000	320008.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	01/27/2026	2000	320503.40
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	01/28/2026	2000	329960.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	01/30/2026	2000	280400.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/02/2026	2500	350804.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/03/2026	2500	350150.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/04/2026	2500	325075.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/05/2026	3000	360360.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/06/2026	22500	2837050.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/09/2026	2500	318675.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/10/2026	2500	334329.25
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/11/2026	2500	334050.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/12/2026	2500	318950.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/13/2026	5000	655212.50
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/17/2026	2500	322225.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/18/2026	2500	319300.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	02/19/2026	5000	629035.50

144: Remarks and Signature

Remarks
Date of Notice	02/20/2026
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	/s/Wade Moss, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Wei-Ming Shao
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)