Strategy (NASDAQ: MSTR) director lines up new sale after $2.3M stock cash-out

Rhea-AI Filing Summary

Strategy Inc (MSTR) received a Rule 144 notice that director Jarrod M. Patten intends to sell up to 2,775 Class A shares through Fidelity Brokerage Services LLC, with an approximate aggregate market value of $347,800.00. The sale, arising from a stock option exercise, is targeted for 08/25/2026 on NASDAQ. The notice also lists multiple prior Class A share sales by Patten over the past three months, providing recent trading history but not altering Strategy Inc’s capital structure disclosure that 364,585,501 shares were outstanding.

Key Figures

Shares to be sold: 2,775 shares Aggregate market value: $347,800.00 Shares outstanding: 364,585,501 shares +4 more

7 metrics

Shares to be sold 2,775 shares Class A shares covered by Jarrod M. Patten’s planned Rule 144 sale

Aggregate market value $347,800.00 Approximate aggregate market value of 2,775 shares to be sold

Shares outstanding 364,585,501 shares Strategy Inc Class A shares outstanding referenced in the notice

Largest recent sale shares 15,050 shares Class A shares sold by Jarrod M. Patten on 05/29/2026

Largest recent sale proceeds $2,331,812.78 Aggregate sale price for 15,050 shares sold on 05/29/2026

Recent sale on 08/07/2026 3,800 shares; $389,145.63 Class A shares and proceeds from sale on 08/07/2026

Recent sale on 08/24/2026 925 shares; $113,164.59 Class A shares and proceeds from sale on 08/24/2026

Key Terms

Rule 144, Stock Option Exercise, aggregate market value, attorney-in-fact

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 | 08/25/2026 | 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.

aggregate market value financial

"Class A | Fidelity Brokerage... | 2775 | 347800.00 | 364585501"

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.

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 filing for MSTR disclose about Jarrod M. Patten?

The filing states that director Jarrod M. Patten plans to sell 2,775 Class A shares of Strategy Inc through Fidelity Brokerage Services LLC under Rule 144, with an approximate aggregate market value of $347,800.00, based on an intended sale date of 08/25/2026.

How many MSTR shares are covered by this planned Rule 144 sale?

The notice covers an intended sale of 2,775 Class A shares of Strategy Inc. These shares are to be sold through Fidelity Brokerage Services LLC, with the transaction linked to a stock option exercise and an approximate sale date of 08/25/2026.

What is the approximate market value of the shares Jarrod M. Patten plans to sell for MSTR?

The approximate aggregate market value of the 2,775 Class A shares Patten plans to sell is $347,800.00. This value is reported in connection with an anticipated sale on 08/25/2026 under Rule 144, using NASDAQ as the trading venue.

How many Strategy Inc (MSTR) shares were outstanding as referenced in the Form 144?

The notice references that 364,585,501 shares of Strategy Inc were outstanding. This figure provides context for the relative size of the proposed 2,775-share sale, which represents only a small fraction of the outstanding Class A shares.

What recent MSTR share sales by Jarrod M. Patten are disclosed in the past 3 months section?

The filing lists several recent Class A share sales by Patten, including 15,050 shares sold on 05/29/2026 for $2,331,812.78 and 7,250 shares sold on 05/28/2026 for $1,071,080.23, along with other smaller transactions through 08/24/2026.

How will the planned MSTR share sale by Jarrod M. Patten be executed?

The planned sale of 2,775 Class A shares is tied to a stock option exercise and is to be executed for cash through Fidelity Brokerage Services LLC on or about 08/25/2026, with NASDAQ listed as the exchange.

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Available on EDGAR 08/25/2026 - 04:04 PM Accepted by SEC EDGAR 08/25/2026 - 04:03 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	2775	347800.00	364585501	08/25/2026	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	08/25/2026	Stock Option Exercise	Issuer			2775	08/25/2026	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	200951.25
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

144: Remarks and Signature

Remarks
Date of Notice	08/25/2026
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/ Joshua Schmitt, 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)