Strategy Inc (MSTR) director exercises 2,000 options and sells 2,000 shares
Rhea-AI Filing Summary
Strategy Inc director Patten Jarrod M reported a mix of stock option exercises and share sales. On April 22, 2026, he exercised a director stock option to acquire 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share, then reported open-market sales totaling 2,000 shares at prices between $175.00 and $180.00 per share. A footnote states that this option still covers 35,800 shares after the exercise, reflecting a substantial remaining derivative position. The filing also lists direct holdings of 5,000 shares of Series A Perpetual Stride Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 10,000 shares of Series A Perpetual Strife Preferred Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,000 shares ($319K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Patten Jarrod M
Role
Director
Sold
2,000 shs ($356K)
Approx. gross sale proceeds
$356K
Approx. exercise cost
$37K
Approx. pre-tax spread
$319K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy | 2,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,000 | $18.654 | $37K |
| Sale | Class A Common Stock | 500 | $175.00 | $88K |
| Sale | Class A Common Stock | 500 | $178.00 | $89K |
| Sale | Class A Common Stock | 500 | $180.00 | $90K |
| Sale | Class A Common Stock | 500 | $179.625 | $90K |
| holding | Series A Perpetual Strife Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stride Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Director Stock Option (Right to buy — 35,800 shares (Direct);
Class A Common Stock — 28,000 shares (Direct);
Series A Perpetual Strife Preferred Stock — 10,000 shares (Direct);
Series A Perpetual Stretch Preferred Stock — 29,335 shares (Direct);
Series A Perpetual Stride Preferred Stock — 5,000 shares (Direct)
Footnotes (1)
- F1. Of the 2,000 shares exercised on April 22, 2026 pursuant to this option, 300 shares vested on May 31, 2017 and 1,700 shares vested on May 31, 2018. Of the remaining 35,800 shares subject to this option, 10,800 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
Key Figures
Class A shares sold: 2,000 shares
Sale prices: $175.000–$180.000/share
Options exercised: 2,000 shares
+5 more
8 metrics
Class A shares sold
2,000 shares
Open-market sales on April 22, 2026 at $175.00–$180.00
Sale prices
$175.000–$180.000/share
Four 500-share Class A sales on April 22, 2026
Options exercised
2,000 shares
Director stock option exercise into Class A Common Stock
Option exercise price
$18.654/share
Exercise price for 2,000 Class A shares
Remaining option shares
35,800 shares
Shares still subject to director stock option after exercise
Stride Preferred holding
5,000 shares
Series A Perpetual Stride Preferred Stock, direct holding
Stretch Preferred holding
29,335 shares
Series A Perpetual Stretch Preferred Stock, direct holding
Strife Preferred holding
10,000 shares
Series A Perpetual Strife Preferred Stock, direct holding
Key Terms
open-market sale, derivative exercise/conversion, Director Stock Option, Series A Perpetual Stride Preferred Stock, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
Director Stock Option financial
"security_title": "Director Stock Option (Right to buy"
Series A Perpetual Stride Preferred Stock financial
"security_title": "Series A Perpetual Stride Preferred Stock""
Series A Perpetual Stretch Preferred Stock financial
"security_title": "Series A Perpetual Stretch Preferred Stock""
Series A Perpetual Strife Preferred Stock financial
"security_title": "Series A Perpetual Strife Preferred Stock""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Strategy Inc (MSTR) report for Patten Jarrod M?
The filing shows Patten Jarrod M exercised options for 2,000 Class A shares at $18.654 and reported open-market sales of 2,000 Class A shares at prices between $175.00 and $180.00, all dated April 22, 2026.
What stock option activity did the Strategy Inc (MSTR) Form 4 disclose?
The Form 4 discloses a director stock option exercise for 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share. A related footnote explains vesting history and states 35,800 shares remain subject to this option after the exercise.
What preferred stock holdings does Patten Jarrod M report in Strategy Inc (MSTR)?
He reports direct holdings of 5,000 shares of Series A Perpetual Stride Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 10,000 shares of Series A Perpetual Strife Preferred Stock as of the April 22, 2026 Form 4.
Is the Strategy Inc (MSTR) Form 4 mainly a buy or sell event?
The Form 4 reflects both acquisition and disposition activity. It combines a 2,000-share option exercise to acquire Class A Common Stock with open-market sales totaling 2,000 Class A shares, resulting in a mixed, exercise-and-sell pattern.