Strategy director Jarrod M. Patten sells 950 shares

Q: How many MSTR shares did director Jarrod M. Patten sell, and at what price?

Director Jarrod M. Patten sold 950 Class A common shares at $136.04 per share on November 3, 2026.

Of the 21,150 option shares remaining after the exercise, 8,650 vested in 2020 and 12,500 vested in 2021.

Available on EDGAR 11/04/2026 - 04:03 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:02 PM EST

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Form Type

Rhea-AI Filing Summary

Strategy Inc director Jarrod M. Patten exercised 950 director stock options on November 3, 2026, acquiring 950 Class A common shares at an exercise price of $18.236 per share. He sold 950 Class A shares the same day at $136.04 per share. No Rule 10b5-1 plan is reported. After the exercise, 21,150 shares remained under the option, which expires May 31, 2027.

Insider Trade Summary

Exercise and Sale: 950 shares ($112K approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Patten Jarrod M

Role Director

Sold 950 shs ($129K)

Approx. gross sale proceeds $129K

Approx. exercise cost $17K

Approx. pre-tax spread $112K

Share of Position Sold 3.2%

Type	Security	Shares	Price	Value
Exercise	Director Stock Option (Right to buy) ^F1	950	$0.00	$0.00
Exercise	Class A Common Stock	950	$18.236	$17K
Sale	Class A Common Stock	950	$136.04	$129K
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) — 21,150 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)

Holdings Before and After: Director Stock Option (Right to buy), 22,100 to 21,150 contracts (Direct); Class A Common Stock, 28,406 to 28,406 shares (Direct)

Footnotes (1)

F1. The 950 shares exercised on November 3, 2026 pursuant to this option vested on May 31, 2020. Of the remaining 21,150 shares pursuant to this option, 8,650 vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.

Key Figures

Director stock options exercised: 950 options Exercise price: $18.236 per share Class A shares sold: 950 shares +3 more

6 metrics

Director stock options exercised 950 options November 3, 2026

Exercise price $18.236 per share Options exercised November 3, 2026

Class A shares sold 950 shares November 3, 2026

Sale price $136.04 per share Sale on November 3, 2026

Shares remaining under option 21,150 shares After the November 3, 2026 exercise

Option expiration May 31, 2027 Director stock option

Key Terms

Director Stock Option, exercise price, vested

3 terms

Director Stock Option financial

"950 shares exercised pursuant to this option"

exercise price financial

"at an exercise price of $18.236 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vested financial

"8,650 shares vested on May 31, 2020"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many MSTR shares did director Jarrod M. Patten sell, and at what price?

Director Jarrod M. Patten sold 950 Class A common shares at $136.04 per share on November 3, 2026.

When did the remaining MSTR option shares vest?

Of the 21,150 shares remaining under the option after exercise, 8,650 vested on May 31, 2020, and 12,500 vested on May 31, 2021.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

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SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Patten Jarrod M

(Last)

(First)

(Middle)

C/O STRATEGY INC

1850 TOWERS CRESCENT PLAZA

(Street)

TYSONS CORNER

VIRGINIA

22182

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Strategy Inc [ MSTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
11/03/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class A Common Stock	11/03/2026		M		950	A	$18.236	29,356	D
Class A Common Stock	11/03/2026		S		950	D	$136.04	28,406	D
Series A Perpetual Strife Preferred Stock								10,000	D
Series A Perpetual Stretch Preferred Stock								29,335	D
Series A Perpetual Stride Preferred Stock								5,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Director Stock Option (Right to buy)	$18.236	11/03/2026		M			950	⁽¹⁾	05/31/2027	Class A Common Stock	950	$0	21,150	D

Explanation of Responses:

1. The 950 shares exercised on November 3, 2026 pursuant to this option vested on May 31, 2020. Of the remaining 21,150 shares pursuant to this option, 8,650 vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Allein Sabel, Attorney-in-Fact	11/04/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR