Strategy director exercises options, sells 475 shares
The reported exercise and sale each involved 475 shares, while 24,850 shares remained under the option afterward.
Rhea-AI Filing Summary
Strategy Inc (MSTR) director Jarrod M. Patten exercised options for 475 shares of Class A Common Stock on September 22, 2026, at an exercise price of $18.236 per share, and reported a sale of 475 shares at $171 per share. After the exercise, 24,850 shares remained under the option; the footnote says 12,350 vested May 31, 2020, and 12,500 vested May 31, 2021. No Rule 10b5-1 plan is reported.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 475 shares ($73K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Patten Jarrod M
Role
Director
Sold
475 shs ($81K)
Approx. gross sale proceeds
$81K
Approx. exercise cost
$9K
Approx. pre-tax spread
$73K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) F1 | 475 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 475 | $18.236 | $9K |
| Sale | Class A Common Stock | 475 | $171.00 | $81K |
| 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) — 24,850 contracts (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 (1)
- F1. Of the 475 shares exercised on September 22, 2026 pursuant to this option, 325 vested on May 31, 2019, and 150 vested on May 31, 2020. Of the remaining 24,850 shares pursuant to this option, 12,350 vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
Key Figures
Options exercised: 475 shares
Exercise price: $18.236 per share
Shares sold: 475 shares
+2 more
5 metrics
Options exercised
475 shares
September 22, 2026
Exercise price
$18.236 per share
Options exercised September 22, 2026
Shares sold
475 shares
September 22, 2026
Sale price
$171 per share
Sale on September 22, 2026
Option shares remaining
24,850 shares
After the exercise on September 22, 2026
Key Terms
Director Stock Option (Right to buy), derivative security, Series A Perpetual Strife Preferred Stock
3 terms
Director Stock Option (Right to buy) financial
"Director Stock Option (Right to buy)"
derivative security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Series A Perpetual Strife Preferred Stock financial
"Series A Perpetual Strife Preferred Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What were the exercise terms for Jarrod M. Patten's MSTR options?
He exercised options for 475 shares of Class A Common Stock at $18.236 per share on September 22, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.