Strategy Inc (MSTR) director exercises 22,300 options and sells 22,300 shares
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported a series of option exercises and stock sales in Class A Common Stock. On May 28–29, 2026, he exercised stock options to acquire a total of 22,300 shares at exercise prices of $18.236 and $18.654 per share, then sold 22,300 shares in open-market transactions.
The sales occurred at weighted-average prices with ranges including $145.280–$146.200, $150.620–$151.120, and $161.610–$162.000, as disclosed in footnotes. The filing also notes direct holdings of several Series A perpetual preferred stock classes. Patten continues to hold a direct equity stake in Strategy Inc following these transactions.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 22,300 shares ($3,402,893)
Net Sell
20 txns
Insider
Patten Jarrod M
Role
Director
Sold
22,300 shs ($3.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 10,800 | $0.00 | -- |
| Exercise | Director Stock Option (Right to buy) | 4,250 | $0.00 | -- |
| Exercise | Class A Common Stock | 10,800 | $18.654 | $201K |
| Sale | Class A Common Stock | 4,250 | $150.855 | $641K |
| Sale | Class A Common Stock | 550 | $155.00 | $85K |
| Sale | Class A Common Stock | 2,000 | $152.00 | $304K |
| Sale | Class A Common Stock | 2,000 | $153.00 | $306K |
| Sale | Class A Common Stock | 2,000 | $154.00 | $308K |
| Exercise | Class A Common Stock | 4,250 | $18.236 | $78K |
| Sale | Class A Common Stock | 4,250 | $161.748 | $687K |
| Exercise | Director Stock Option (Right to buy) | 7,250 | $0.00 | -- |
| Exercise | Class A Common Stock | 7,250 | $18.654 | $135K |
| Sale | Class A Common Stock | 3,250 | $145.563 | $473K |
| Sale | Class A Common Stock | 1,000 | $147.00 | $147K |
| Sale | Class A Common Stock | 1,000 | $149.00 | $149K |
| Sale | Class A Common Stock | 1,000 | $150.00 | $150K |
| Sale | Class A Common Stock | 1,000 | $152.00 | $152K |
| 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) — 0 shares (Direct);
Class A Common Stock — 38,800 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)
- The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $145.280 to $146.200, inclusive. The reporting person undertakes to provide to Strategy Inc ("Strategy"), any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $150.620 to $151.120, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $161.610 to $162.000, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. Of the shared exercised on May 28, 2026 pursuant to this option, 5,550 shares vested on May 31, 2019 and 1,700 shares vested on May 31, 2020. The remaining 10,800 shares vested on May 31, 2020. The 10,800 shares exercised on May 29, 2026 pursuant to this option vested on May 31, 2020. The 4,250 shares exercised on May 29, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 45,750 shares pursuant to this option, 8,250 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.
Key Figures
Shares sold: 22,300 shares
Shares exercised: 22,300 shares
Option exercise price 1: $18.236 per share
+5 more
8 metrics
Shares sold
22,300 shares
Total Class A Common Stock sold in open-market trades
Shares exercised
22,300 shares
Total underlying shares acquired via option exercises
Option exercise price 1
$18.236 per share
Director stock option conversion price
Option exercise price 2
$18.654 per share
Director stock option conversion price
Sale price range 1
$145.280–$146.200
Weighted-average sale price range for one sale group
Sale price range 2
$150.620–$151.120
Weighted-average sale price range for another sale group
Sale price range 3
$161.610–$162.000
Weighted-average sale price range for another sale group
Preferred Stretch holdings
29,335 shares
Series A Perpetual Stretch Preferred Stock held directly
Key Terms
open-market sale, Director Stock Option (Right to buy), weighted average price, Series A Perpetual Stride Preferred Stock, +2 more
6 terms
open-market sale financial
"Each S-coded entry is described as an open-market sale of 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.
Director Stock Option (Right to buy) financial
"Derivative securities are listed as Director Stock Option (Right to buy)."
weighted average price financial
"Footnotes state the reported price is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Series A Perpetual Stride Preferred Stock financial
"Holdings include Series A Perpetual Stride Preferred Stock."
Series A Perpetual Stretch Preferred Stock financial
"Holdings include Series A Perpetual Stretch Preferred Stock."
Series A Perpetual Strife Preferred Stock financial
"Holdings include Series A Perpetual Strife Preferred Stock."
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Strategy Inc (MSTR) director Jarrod M. Patten report in this Form 4?
Jarrod M. Patten reported exercising stock options and selling Class A Common Stock. He exercised 22,300 shares from director stock options, then sold 22,300 shares in open-market trades on May 28–29, 2026, at various weighted-average prices.
What stock options did Jarrod M. Patten exercise in Strategy Inc (MSTR)?
He exercised director stock options covering 22,300 underlying shares of Class A Common Stock. The options had exercise prices of $18.236 and $18.654 per share, with vesting dates between May 31, 2018 and May 31, 2021 as detailed in the footnotes.
Does Jarrod M. Patten still hold Strategy Inc (MSTR) stock after these transactions?
Yes. The Form 4 shows that after option exercises and related sales, Patten continues to hold a direct equity position. It also lists direct holdings in several Series A perpetual preferred stock classes as of May 28, 2026.
What are the preferred stock holdings reported by Jarrod M. Patten in Strategy Inc (MSTR)?
The filing lists direct holdings of Series A perpetual preferred stock classes. Reported amounts include 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.