Strategy director plans $238K stock sale

A Strategy Inc director filed a Rule 144 notice to sell 1,425 Class A shares following a stock option exercise, after several prior sales in recent months.

Available on EDGAR 09/21/2026 - 04:19 PM EDT Accepted by SEC EDGAR 09/21/2026 - 04:16 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Strategy Inc (MSTR) has a notice of proposed insider sales under Rule 144 by director Jarrod M. Patten. The filing covers a planned sale of 1,425 Class A shares of Strategy Inc, held at Fidelity Brokerage Services LLC, with an aggregate market value of $238,442.40 as of September 21, 2026, to be sold for cash following a stock option exercise.

The notice also lists multiple Class A share sales by Jarrod M. Patten during the prior three months, including transactions on June 23, July 22, July 24, July 27, August 7, August 24, August 25, and August 27, 2026, each with stated share counts and total sale values.

Key Figures

Shares to be sold: 1,425 shares Aggregate market value of proposed sale: $238,442.40 Sale on June 23, 2026: 1,500 shares; $159,120.00 +4 more

7 metrics

Shares to be sold 1,425 shares Proposed Rule 144 sale on September 21, 2026

Aggregate market value of proposed sale $238,442.40 Value of 1,425 Class A shares as of September 21, 2026

Sale on June 23, 2026 1,500 shares; $159,120.00 Class A shares sold by Jarrod M. Patten

Sale on July 22, 2026 1,250 shares; $125,000.00 Class A shares sold by Jarrod M. Patten

Sale on July 24, 2026 1,950 shares; $180,287.25 Class A shares sold by Jarrod M. Patten

Sale on August 7, 2026 3,800 shares; $389,145.63 Class A shares sold by Jarrod M. Patten

Sale on August 25, 2026 2,775 shares; $347,800.00 Class A shares sold by Jarrod M. Patten

Key Terms

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

4 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 | 09/21/2026 | 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.

Class A financial

"Class A | Fidelity Brokerage Services LLC"

Class A denotes a specific group of a company’s shares that carry a particular set of rights—most commonly different voting power or dividend priority compared with other share classes. Think of it like different seats on a bus where some seats let you steer and others only ride: knowing whether a share is Class A tells investors how much influence they have over company decisions and how returns might be distributed, which affects control and value.

FAQ

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

What does the Form 144 filing disclose for Strategy Inc (MSTR)?

The filing discloses that director Jarrod M. Patten plans to sell 1,425 Class A shares of Strategy Inc under Rule 144, with an aggregate market value of $238,442.40 as of September 21, 2026, following a stock option exercise.

How many Strategy Inc (MSTR) shares are proposed to be sold in this notice?

The notice covers a proposed sale of 1,425 Class A shares of Strategy Inc. These shares are to be sold for cash after a stock option exercise, with the securities held at Fidelity Brokerage Services LLC.

What is the aggregate market value of the Strategy Inc (MSTR) shares in the proposed sale?

The aggregate market value of the 1,425 Class A shares covered by the proposed Rule 144 sale is $238,442.40 as of September 21, 2026, based on the value reported in the filing.

Who is the insider selling Strategy Inc (MSTR) shares in this Form 144?

The selling security holder is Jarrod M. Patten, identified as a Director of Strategy Inc. Fidelity Brokerage Services LLC is listed as the broker, and the securities are Class A shares traded on NASDAQ.

What past sales of Strategy Inc (MSTR) shares are disclosed in the last three months?

The filing lists several prior Class A share sales by Jarrod M. Patten, including 1,500 shares for $159,120.00 on June 23, 2026, 1,250 shares for $125,000.00 on July 22, 2026, and multiple additional sales in July and August 2026 with specified amounts and proceeds.

How will the proposed Strategy Inc (MSTR) sale be executed?

The proposed sale involves Class A shares to be sold for cash on or after September 21, 2026, following a stock option exercise, with Fidelity Brokerage Services LLC listed as the broker for the transaction.

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	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	1425	238442.40	364585501	09/21/2026	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	09/21/2026	Stock Option Exercise	Issuer			1425	09/21/2026	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	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
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	08/24/2026	925	113164.59
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	08/25/2026	2775	347800.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	08/27/2026	1850	240500.00

144: Remarks and Signature

Remarks
Date of Notice	09/21/2026
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 Jarrod M. Patten
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)