Strategy Inc (MSTR) director exercises options and sells 3,900 common shares
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten exercised stock options for 1,950 Class A Common shares on July 24 and again for 1,950 shares on July 27, 2026 at an exercise price of $18.236 per share. He then sold 1,950 shares on July 24 at $92.455 per share and 1,950 shares on July 27 at $98.480 per share. Footnotes state these exercises draw on a larger option grant with 36,100 shares still subject to the option. The filing also reports direct holdings of 10,000, 29,335 and 5,000 shares of three Series A perpetual preferred stock classes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 3,900 shares ($301K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Patten Jarrod M
Role
Director
Sold
3,900 shs ($372K)
Approx. gross sale proceeds
$372K
Approx. exercise cost
$71K
Approx. pre-tax spread
$301K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) F2 | 1,950 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,950 | $18.236 | $36K |
| Sale | Class A Common Stock | 1,950 | $98.48 | $192K |
| Exercise | Director Stock Option (Right to buy) F1 | 1,950 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,950 | $18.236 | $36K |
| Sale | Class A Common Stock | 1,950 | $92.455 | $180K |
| 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) — 36,100 shares (Direct);
Class A Common Stock — 28,406 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 1,950 shares exercised on July 24, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 38,050 shares pursuant to this option, 550 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
- F2. Of the 1,950 shares exercised on July 27, 2026 pursuant to this option, 550 shares vested on May 31, 2018 and 1,400 shares vested on May 31, 2019. Of the remaining 36,100 shares subject to this option, 11,100 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
Key Figures
Options exercised July 24, 2026: 1,950 shares
Options exercised July 27, 2026: 1,950 shares
Exercise price: $18.236 per share
+5 more
8 metrics
Options exercised July 24, 2026
1,950 shares
Director stock options converted into Class A Common Stock at $18.236 per share
Options exercised July 27, 2026
1,950 shares
Additional options converted into Class A Common Stock at $18.236 per share
Exercise price
$18.236 per share
Price for director stock option exercises into Class A Common Stock
Sale price July 24, 2026
$92.455 per share
Price for sale of 1,950 Class A Common shares following option exercise
Sale price July 27, 2026
$98.480 per share
Price for sale of 1,950 Class A Common shares following option exercise
Total shares sold
3,900 shares
Aggregate Class A Common shares sold across both July 2026 transactions
Remaining option shares
36,100 shares
Shares still subject to the reported option after the July 27, 2026 exercise (footnote F2)
Series A Stretch Preferred holding
29,335 shares
Direct holding of Series A Perpetual Stretch Preferred Stock as of July 24, 2026
Key Terms
Director Stock Option (Right to buy), Series A Perpetual Strife Preferred Stock, Series A Perpetual Stretch Preferred Stock, Series A Perpetual Stride Preferred Stock
4 terms
Director Stock Option (Right to buy) financial
"security_title lists "Director Stock Option (Right to buy)" for the exercised derivative"
Series A Perpetual Strife Preferred Stock financial
"holding entry shows "Series A Perpetual Strife Preferred Stock" with 10,000 shares"
Series A Perpetual Stretch Preferred Stock financial
"another holding entry lists "Series A Perpetual Stretch Preferred Stock" with 29,335 shares"
Series A Perpetual Stride Preferred Stock financial
"a third holding entry reports "Series A Perpetual Stride Preferred Stock" with 5,000 shares"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transactions did Strategy Inc (MSTR) report for Jarrod M. Patten?
Jarrod M. Patten exercised stock options for 3,900 Class A Common shares and sold the same total number of shares. The exercises occurred on July 24 and July 27, 2026, followed by same-day sales of 1,950 shares on each date.
What was the stock option exercise price in the MSTR Form 4?
The stock options were exercised at an exercise price of $18.236 per share. This price applied to 1,950 options exercised on July 24, 2026 and another 1,950 options exercised on July 27, 2026, all converting into Class A Common Stock.
Does this Strategy Inc (MSTR) Form 4 show trades under a Rule 10b5-1 plan?
The Rule 10b5-1 checkbox in the filing is not checked, so the transactions are not affirmed as being executed under a Rule 10b5-1 trading plan. No footnote indicates that a pre-arranged trading plan governed these trades.
What preferred stock holdings for Strategy Inc (MSTR) does Jarrod M. Patten report?
The Form 4 shows 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 as of July 24, 2026.