MSTR insider sales: multiple Class A disposals reported

MSTR reported insider sales via a Form 144 notice: the filing lists multiple Class A share dispositions by Jarrod M. Patten, primarily as stock option exercise cash sales.

Rhea-AI Filing Summary

MSTR reported insider sales via a Form 144 notice: the filing lists multiple Class A share dispositions by Jarrod M. Patten, primarily as stock option exercise cash sales. The excerpts show individual sales such as 05/29/2026 of 15,050 shares for $2,331,812.78 and 05/28/2026 of 7,250 shares for $1,071,080.23. The filing lists many additional sale dates and amounts from 03/26/2026 through 06/23/2026, indicating ongoing dispositions reported under the Form 144 process.

Insights

Equity Compensation Analyst

Large, repeated officer/insider cash dispositions are reported across several dates in spring 2026.

The filing lists numerous Class A share disposals by Jarrod M. Patten tied to stock option exercise and cash settlements, with material single-day transactions such as 05/29/2026 ($2,331,812.78). These are presentation of reported sales rather than commentary on company operations.

Cash treatment and exercise origin are explicit in the excerpt; timing shows clustered activity across 03/26/2026–06/23/2026. Subsequent filings or Form 4 disclosures may provide remaining ownership and plan context.

Key Figures

Single-day sale: 15,050 shares Proceeds: $2,331,812.78 Single-day sale: 7,250 shares +3 more

6 metrics

Single-day sale 15,050 shares sold on <date>05/29/2026</date>

Proceeds $2,331,812.78 proceeds from <date>05/29/2026</date> sale

Single-day sale 7,250 shares sold on <date>05/28/2026</date>

Proceeds $1,071,080.23 proceeds from <date>05/28/2026</date> sale

Method Stock Option Exercise listed method for multiple dispositions

Reporting period 03/26/2026–06/23/2026 dates covered by listed sales

Key Terms

Form 144, Stock Option Exercise, Cash settlement

3 terms

Form 144 regulatory

"lists multiple Class A share dispositions by Jarrod M. Patten"

Form 144 is a document that investors must file with the government when they plan to sell a large number of shares of a company's stock. It helps ensure transparency so everyone knows how many shares are being sold and when, which can impact the stock's price.

Stock Option Exercise financial

"06/23/2026 | 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.

Cash settlement financial

"06/23/2026 | Cash"

Cash settlement is a process where, instead of exchanging physical assets like stocks or commodities, the parties involved settle the difference in value with money after a contract ends. For investors, it simplifies transactions by avoiding the need to handle or deliver the actual asset, making it quicker and more convenient to complete trades. This method ensures a straightforward way to settle agreements based on their final value.

FAQ

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

What does the MSTR Form 144 filing show?

The filing shows multiple Class A share dispositions by Jarrod M. Patten, primarily via stock option exercises settled for cash. It lists specific sale dates and proceeds, for example 05/29/2026 for $2,331,812.78.

Were the sales in the MSTR excerpt from open-market trades or option exercises?

The excerpt identifies the transactions as Stock Option Exercise with cash settlement. The entries label the method as "Stock Option Exercise" and show cash proceeds for each listed disposition.

What are some largest single transactions reported in the excerpt?

Examples include 05/29/2026 sale of 15,050 shares for $2,331,812.78 and 05/28/2026 sale of 7,250 shares for $1,071,080.23. The excerpt lists many other dated sales.

Does the Form 144 excerpt state remaining holdings after these sales?

The provided excerpt does not include a post-transaction holdings summary. It lists individual sales, dates, and proceeds but does not state resulting beneficial ownership totals or post-sale positions.

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

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Accepted by SEC EDGAR 06/23/2026 - 03:35 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	1500	159120.00	330807622	06/23/2026	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	06/23/2026	Stock Option Exercise	Issuer			1500	06/23/2026	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	03/26/2026	700	96159.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	03/30/2026	700	89628.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	03/31/2026	700	87248.07
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/01/2026	700	85404.97
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/07/2026	700	86176.23
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/08/2026	1400	184478.56
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/09/2026	1900	248105.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/13/2026	3400	444193.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/20/2026	1500	250420.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/21/2026	500	86000.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/22/2026	2000	356312.50
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	04/30/2026	1750	285555.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/01/2026	2250	391145.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/04/2026	2000	366500.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/08/2026	1000	186685.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/11/2026	2750	526886.25
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/14/2026	1500	286280.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/19/2026	3000	500750.00
Jarrod M. Patten 1850 Towers Crescent Plaza Tysons Corner VA 22182	Class A	05/20/2026	2250	374337.63
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

144: Remarks and Signature

Remarks
Date of Notice	06/23/2026
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)