MSTR filing: proposed 30,000‑share sale via Fidelity valued at $10.72M

Rhea-AI Filing Summary

Rule 144 notice filed for MSTR reports a proposed sale of 30,000 Class A shares through Fidelity Brokerage Services with an aggregate market value of $10,721,038.21. The filing states the shares were acquired as an option granted on 02/17/2022 and are listed for sale with an approximate sale date of 10/07/2025 on NASDAQ. The same person, Wei‑Ming Shao, also sold Class A shares in five transactions during the prior three months, totaling $34,190,308.82 in gross proceeds across 84,400 shares listed in the table. The filer certifies no undisclosed material adverse information and signs the statutory representation required by the form.

Positive

• Disclosure filed under Rule 144, providing public notice of the proposed sale
• Acquisition source is documented (option granted on 02/17/2022) and payment method is cash, which supports compliance

Negative

• Insider sales are large: proposed sale of 30,000 shares valued at $10,721,038.21
• Significant recent selling history: prior three months show 84,400 shares sold for $34,190,308.82, which may be viewed unfavorably by investors

Insights

Insider Transactions Analyst

Insider preparing to sell a significant block of stock; prior recent sales are sizable.

The filing shows an intended sale of 30,000 Class A shares valued at $10,721,038.21, acquired via an option granted on 02/17/2022. This is recorded under Rule 144, which permits resale of restricted or control securities when conditions are met, and names Fidelity Brokerage Services as the broker.

The same account recorded multiple sales in the prior three months producing $34,190,308.82 in gross proceeds. Key dependencies are the continued availability of Rule 144 conditions and market trading on NASDAQ. Watch for actual execution around 10/07/2025 and any additional Form 4 or 144 filings in the near term.

Corporate Compliance Specialist

Filing appears to be a routine Rule 144 disclosure meeting statutory representations.

The notice includes the acquisition source (issuer option) and payment method (cash) for the proposed sale, and the filer affirms no undisclosed material adverse information. Those elements address core compliance requirements for resale under Rule 144.

Risks remain administrative: ensure the filer’s representation aligns with any separate trading plans (e.g., Rule 10b5‑1) and that subsequent public filings reflect actual transaction dates and amounts. Expect matching Form 4 entries if trades occur.

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	30000	10721038.21	263912697	10/07/2025	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	10/07/2025	Option Granted - 02/17/2022	Issuer			30000	10/07/2025	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	07/09/2025	32500	13047694.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	07/10/2025	20000	8372018.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	07/11/2025	10000	4319845.00
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	07/14/2025	10900	4892894.77
Wei-Ming Shao 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	09/18/2025	10000	3557857.05

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 the MSTR Form 144 filing disclose?

The filing discloses a proposed sale of 30,000 Class A shares valued at $10,721,038.21, acquired via an option granted on 02/17/2022, with an approximate sale date of 10/07/2025 on NASDAQ.

Who is selling MSTR shares according to the filing?

The person identified in prior sales is Wei‑Ming Shao; the filing lists him as the account for the proposed sale and shows multiple prior sales in the last three months.

How much did recent insider sales of MSTR generate?

The listed prior sales in the past three months produced aggregate gross proceeds of $34,190,308.82 across five transactions.

When were the shares to be sold originally acquired?

The shares proposed for sale were acquired through an option granted on 02/17/2022 and are shown as acquired on 10/07/2025 in the acquisition table.

Which broker is handling the proposed MSTR sale?

The filing names Fidelity Brokerage Services LLC with an address in Smithfield, RI as the broker for the proposed sale.