Strategy (NASDAQ: MSTR) director plans sale after May and August trades

Rhea-AI Filing Summary

Strategy Inc (MSTR) received a notice under Rule 144 for a proposed sale of 1,850 Class A shares by director Jarrod M. Patten, to be sold through Fidelity Brokerage Services LLC on or about 08/27/2026, following a stock option exercise. The notice also lists multiple Class A sales by Patten over the prior three months, each with reported share counts and gross proceeds.

Key Figures

Shares to be sold: 1850 shares Aggregate market value of proposed sale: 240500.00 Shares outstanding: 364585501 shares +3 more

6 metrics

Shares to be sold 1850 shares Class A shares proposed for sale on or about 08/27/2026

Aggregate market value of proposed sale 240500.00 Aggregate market value for 1,850 shares in the planned Rule 144 sale

Shares outstanding 364585501 shares Number of shares outstanding in the class referenced in the notice

Sale on 05/28/2026 7250 shares for 1071080.23 Past 3-month sale of Class A shares by Jarrod M. Patten

Sale on 05/29/2026 15050 shares for 2331812.78 Past 3-month sale of Class A shares by Jarrod M. Patten

Sale on 08/07/2026 3800 shares for 389145.63 Past 3-month sale of Class A shares 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 | 08/27/2026 | 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

What does the Form 144 filing by MSTR’s insider Jarrod M. Patten disclose?

It discloses that Jarrod M. Patten, a director of Strategy Inc (MSTR), plans to sell 1,850 Class A shares around 08/27/2026 under Rule 144, in connection with a stock option exercise, through Fidelity Brokerage Services LLC on NASDAQ.

How many MSTR Class A shares are proposed to be sold under this Rule 144 notice?

The notice covers a proposed sale of 1,850 Class A shares of Strategy Inc (MSTR). These shares are tied to a stock option exercise with an approximate sale date of 08/27/2026.

What aggregate market value is reported for the planned MSTR share sale?

The filing reports an aggregate market value of 240,500.00 for the 1,850 Class A shares of Strategy Inc (MSTR) proposed to be sold, based on market data as of the filing.

How many Strategy Inc (MSTR) shares are stated as outstanding in the Form 144?

The Form 144 lists 364,585,501 shares of Strategy Inc (MSTR) as outstanding in the relevant class, providing context for the 1,850 shares proposed to be sold.

What MSTR insider sales over the past three months are detailed in this Form 144?

The filing lists several prior Class A sales by Jarrod M. Patten, including 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, plus additional smaller transactions through 08/25/2026.

Who is executing the planned MSTR share sale and under what transaction type?

The planned sale of 1,850 MSTR Class A shares is to be executed by Fidelity Brokerage Services LLC on NASDAQ. The filing classifies the transaction type as a Stock Option Exercise with cash as consideration.

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

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Available on EDGAR 08/27/2026 - 04:13 PM Accepted by SEC EDGAR 08/27/2026 - 04:13 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	1850	240500.00	364585501	08/27/2026	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	08/27/2026	Stock Option Exercise	Issuer			1850	08/27/2026	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	05/28/2026	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
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

144: Remarks and Signature

Remarks
Date of Notice	08/27/2026
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/ Adam Gehring, 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)