Strategy Inc (MSTR) director eyes new sale after $2.33M May trade

Rhea-AI Filing Summary

Strategy Inc (MSTR) received a notice under Rule 144 that director Jarrod M. Patten intends to sell 925 Class A shares of common stock. The shares are to be acquired through a stock option exercise on 08/24/2026, with Fidelity Brokerage Services LLC listed as broker.

The filing lists an estimated market value of $113,164.59 for the 925 shares. It also details prior open-market sales of Strategy Inc Class A shares by Jarrod M. Patten during the past three months, including 1,250 shares for $206,625.38 on 05/26/2026, 7,250 shares for $1,071,080.23 on 05/28/2026, and 15,050 shares for $2,331,812.78 on 05/29/2026, along with several smaller transactions through 08/07/2026.

Key Figures

Shares to be sold: 925 shares Aggregate market value of planned sale: $113,164.59 Sale on 05/26/2026: 1,250 shares for $206,625.38 +3 more

6 metrics

Shares to be sold 925 shares Planned sale of Strategy Inc Class A shares on or after 08/24/2026

Aggregate market value of planned sale $113,164.59 Estimated value for 925 Class A shares in the Rule 144 notice

Sale on 05/26/2026 1,250 shares for $206,625.38 Class A shares sold by Jarrod M. Patten during past 3 months

Sale on 05/28/2026 7,250 shares for $1,071,080.23 Class A shares sold by Jarrod M. Patten during past 3 months

Sale on 05/29/2026 15,050 shares for $2,331,812.78 Class A shares sold by Jarrod M. Patten during past 3 months

Sale on 08/07/2026 3,800 shares for $389,145.63 Most recent Class A sale listed in the past 3 months

Key Terms

Rule 144, Stock Option Exercise, attorney-in-fact

3 terms

Rule 144 regulatory

"See the definition of "person" in paragraph (a) of Rule 144."

Rule 144 is a U.S. securities regulation that sets conditions under which restricted or insider-held shares can be legally resold to the public, such as required holding periods, availability of public information, limits on how much can be sold at once, and certain filing requirements. For investors it matters because it determines when previously locked-up shares can enter the market — like a release valve that can increase supply, affect share price, and signal insider intent.

Stock Option Exercise financial

"Class A | 08/24/2026 | Stock Option Exercise | Issuer"

A stock option exercise is the act of using a previously granted right to buy shares of a company's stock at a specific, predetermined price by paying that price and receiving the shares. It matters to investors because exercising changes who owns the shares (which can dilute existing ownership), can trigger taxable events and shift potential gains or losses, and affects voting power and the company’s outstanding share count—like turning a voucher into an actual product that becomes part of circulating supply.

attorney-in-fact regulatory

"as attorney-in-fact for Jarrod M. Patten"

An attorney-in-fact is the person or entity given legal authority through a power of attorney to act on behalf of another for specific tasks, such as signing documents, voting shares, or handling transactions. For investors, this matters because it lets a trusted representative make timely decisions or complete paperwork when the owner cannot, much like handing keys to someone to run errands on your behalf—so checks on scope and limits of that authority are important.

FAQ

What does the Form 144 filed for MSTR disclose about upcoming insider sales?

The Form 144 states that director Jarrod M. Patten intends to sell 925 Class A shares of Strategy Inc (MSTR) common stock on or after 08/24/2026, in connection with a stock option exercise, with Fidelity Brokerage Services LLC as the broker.

Who is the insider planning to sell MSTR shares under this Form 144?

The notice identifies Jarrod M. Patten, a director of Strategy Inc, as the person for whose account the securities are to be sold. The filing is executed by Fidelity Brokerage Services LLC as attorney-in-fact for Jarrod M. Patten.

How many MSTR shares is the insider planning to sell and on what date?

The filing indicates a planned sale of 925 Class A shares of Strategy Inc common stock, tied to a stock option exercise dated 08/24/2026. The transaction is to be executed for cash through Fidelity Brokerage Services LLC.

What is the estimated value of the MSTR shares to be sold in this Form 144?

For the planned sale of 925 Class A shares, the notice shows an aggregate market value of $113,164.59. This figure reflects the estimated value used for the Rule 144 filing for Strategy Inc (MSTR).

What MSTR share sales has Jarrod M. Patten made in the past three months?

The notice lists multiple prior sales of Strategy Inc Class A shares, including 1,250 shares for $206,625.38 on 05/26/2026, 7,250 shares for $1,071,080.23 on 05/28/2026, 15,050 shares for $2,331,812.78 on 05/29/2026, plus additional transactions in June, July, and August 2026.

Which broker is handling the planned MSTR insider sale in this Form 144?

The broker listed is Fidelity Brokerage Services LLC, located in Smithfield, Rhode Island. Fidelity Brokerage Services LLC also signs the notice through Jennifer Ruchti as a duly authorized representative and attorney-in-fact for Jarrod M. Patten.

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

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Available on EDGAR 08/24/2026 - 04:42 PM Accepted by SEC EDGAR 08/24/2026 - 04:42 PM Learn about SEC filing dates

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	0001309191
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	Patten Jarrod M
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	Director

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	925	113164.59	364585501	08/24/2026	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	08/24/2026	Stock Option Exercise	Issuer			925	08/24/2026	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
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/26/2026	1250	206625.38
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/28/2026	7250	1071080.23
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/29/2026	15050	2331812.78
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	06/15/2026	1500	200951.24
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	06/17/2026	1500	181965.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	06/23/2026	1500	159120.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	07/22/2026	1250	125000.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	07/24/2026	1950	180287.25
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	07/27/2026	1950	192036.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	08/07/2026	3800	389145.63

144: Remarks and Signature

Remarks
Date of Notice	08/24/2026
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/ Jennifer Ruchti, as a duly authorized representative of Fidelity Brokerage Services LLC, as attorney-in-fact for Jarrod M. Patten
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)