Strategy Inc (MSTR) director exercises 1,900 options and sells 1,900 shares
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten exercised stock options and sold shares in coordinated transactions. On April 9, 2026 he exercised options for a total of 1,900 shares of Class A Common Stock at an exercise price of $18.654 per share, drawing on options that had vested in prior years.
On the same date he sold 1,900 Class A Common Stock shares in open-market transactions, including 1,400 shares at $130.075 per share and 500 shares at $132.000 per share. After these trades, he directly held 28,000 shares of Class A Common Stock, along with 10,000 shares of Series A Perpetual Strife Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 5,000 shares of Series A Perpetual Stride Preferred Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,900 shares ($213K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Patten Jarrod M
Role
Director
Sold
1,900 shs ($248K)
Approx. gross sale proceeds
$248K
Approx. exercise cost
$35K
Approx. pre-tax spread
$213K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 1,400 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,400 | $18.654 | $26K |
| Sale | Class A Common Stock | 1,400 | $130.075 | $182K |
| Exercise | Class A Common Stock | 500 | $18.654 | $9K |
| Sale | Class A Common Stock | 500 | $132.00 | $66K |
| 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) — 43,200 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 (2)
- F1. The 1,400 shares exercised on April 9, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 43,700 shares subject to this option, 6,200 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F2. The 500 shares exercised on April 9, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 43,200 shares subject to this option, 5,700 shares vested on May 31, 2017, 12,500 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
Options exercised: 1,900 shares
Option exercise price: $18.654 per share
Shares sold at $130.075: 1,400 shares
+5 more
8 metrics
Options exercised
1,900 shares
Director Stock Options for Class A Common Stock on April 9, 2026
Option exercise price
$18.654 per share
Exercise price for Director Stock Options converted on April 9, 2026
Shares sold at $130.075
1,400 shares
Class A Common Stock open-market sale on April 9, 2026
Shares sold at $132.000
500 shares
Class A Common Stock open-market sale on April 9, 2026
Common shares held after
28,000 shares
Direct Class A Common Stock holdings following April 9, 2026 transactions
Strife Preferred holdings
10,000 shares
Series A Perpetual Strife Preferred Stock direct holdings after transactions
Stretch Preferred holdings
29,335 shares
Series A Perpetual Stretch Preferred Stock direct holdings after transactions
Stride Preferred holdings
5,000 shares
Series A Perpetual Stride Preferred Stock direct holdings after transactions
Key Terms
Director Stock Option, open-market sale, Class A Common Stock, Series A Perpetual Strife Preferred Stock, +2 more
6 terms
Director Stock Option financial
"security_title: "Director Stock Option (Right to buy)""
open-market sale financial
"transaction_action: "open-market sale" for Class A Common Stock"
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.
Class A Common Stock financial
"underlying_security_title: "Class A Common Stock""
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Series A Perpetual Strife Preferred Stock financial
"security_title: "Series A Perpetual Strife Preferred Stock""
Series A Perpetual Stretch Preferred Stock financial
"security_title: "Series A Perpetual Stretch Preferred Stock""
vested financial
"footnote: "shares exercised ... vested on May 31, 2017""
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did MSTR director Jarrod M. Patten do in this Form 4 filing?
Jarrod M. Patten exercised stock options for 1,900 Strategy Inc Class A Common shares at $18.654 and sold 1,900 shares in open-market trades, while remaining a significant direct shareholder afterward.
How many Strategy Inc options did Jarrod M. Patten exercise in this Form 4?
He exercised Director Stock Options covering 1,900 shares of Strategy Inc Class A Common Stock at an exercise price of $18.654 per share, converting previously vested options into common shares before selling those shares.
What preferred stock holdings does Jarrod M. Patten report for Strategy Inc?
He reports direct holdings of 10,000 shares of Series A Perpetual Strife Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 5,000 shares of Series A Perpetual Stride Preferred Stock of Strategy Inc.
Were Jarrod M. Patten’s exercised Strategy Inc options already vested?
Yes. Footnotes state the 1,400 and 500 Strategy Inc option shares exercised on April 9, 2026 had vested on May 31, 2017, with additional tranches from the same option vesting in 2018, 2019, and 2020.