MSTR CFO Kang sells 916 shares after RSU vest

Strategy Inc EVP & CFO Andrew Kang reported both an equity award vest and a small stock sale.

Rhea-AI Filing Summary

Strategy Inc EVP & CFO Andrew Kang reported both an equity award vest and a small stock sale. On March 11, 2026, he exercised 2,071 restricted stock units (RSUs), receiving the same number of Class A Common shares at a conversion price of $0.00 per share.

On March 12, 2026, he completed an open-market sale of 916 Class A shares at an average price of $137.254 per share. According to the disclosure, this sale was made under a Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy tax withholding obligations from previously granted equity awards.

Following these transactions, Kang directly holds 23,815 Class A Common shares and 6,213 RSUs, which are scheduled to vest in three equal annual installments of 2,071 RSUs each on March 11, 2027, March 11, 2028, and March 11, 2029.

Insider Trade Summary 10b5-1

Exercise and sale activity reported; no spread calculated

Exercise and Sale 6 txns

Insider Kang Andrew

Role EVP & CFO

Sold 916 shs ($126K)

Approx. gross sale proceeds $126K

Approx. exercise cost $0.00

Type	Security	Shares	Price	Value
Sale	Class A Common Stock	916	$137.254	$126K
Exercise	Restricted Stock Units	2,071	$0.00	$0.00
Exercise	Class A Common Stock	2,071	$0.00	$0.00
holding	Series A Perpetual Strife Preferred Stock	--	--	--
holding	Series A Perpetual Stretch Preferred Stock	--	--	--
holding	Series A Perpetual Stride Preferred Stock	--	--	--

Holdings After Transaction: Restricted Stock Units — 6,213 contracts (Direct); Class A Common Stock — 23,815 shares (Direct); Series A Perpetual Strife Preferred Stock — 1,500 shares (Direct); Series A Perpetual Stretch Preferred Stock — 2,800 shares (Direct); Series A Perpetual Stride Preferred Stock — 2,250 shares (Direct)

Footnotes (3)

1. F1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc.
2. F2. The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.
3. F3. The remaining 6,213 RSUs will vest in equal annual installments over a three-year period, with 2,071 RSUs vesting on March 11, 2027, 2,071 RSUs vesting on March 11, 2028 and 2,071 RSUs vesting on March 11, 2029.

FAQ

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

What did MSTR CFO Andrew Kang report in his latest Form 4?

Andrew Kang reported an RSU vest and a subsequent stock sale. He exercised 2,071 restricted stock units into Class A shares, then sold 916 Class A shares in an open-market transaction to cover tax obligations under a pre-arranged Rule 10b5-1 instruction.

How many MSTR shares did CFO Andrew Kang sell and at what price?

Andrew Kang sold 916 shares of Strategy Inc Class A Common Stock. The open-market sale was executed at an average price of $137.254 per share on March 12, 2026, under a Rule 10b5-1 instruction related to tax withholding from prior equity awards.

What RSU activity did MSTR disclose for CFO Andrew Kang?

Strategy Inc disclosed that Andrew Kang exercised 2,071 restricted stock units on March 11, 2026, receiving 2,071 Class A Common shares at a $0.00 conversion price. These RSUs represent previously granted equity awards vesting according to his long-term compensation program.

How many MSTR shares and RSUs does CFO Andrew Kang hold after these transactions?

After the reported transactions, Andrew Kang directly holds 23,815 shares of Strategy Inc Class A Common Stock. He also holds 6,213 restricted stock units that are scheduled to vest in three equal annual tranches through March 11, 2029, subject to continued service conditions.

Were Andrew Kang’s MSTR share sales pre-planned under Rule 10b5-1?

Yes. The sale of 916 Class A shares was executed under a Rule 10b5-1 instruction letter dated May 2, 2024. The company states the purpose was to satisfy Kang’s tax withholding obligations arising from the vesting of previously granted equity awards, indicating a planned, routine transaction.

When will Andrew Kang’s remaining MSTR RSUs vest?

The remaining 6,213 restricted stock units are scheduled to vest in three equal annual installments. Specifically, 2,071 RSUs will vest on March 11, 2027, another 2,071 on March 11, 2028, and the final 2,071 on March 11, 2029, assuming standard vesting conditions are met.

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

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Accepted by SEC EDGAR 03/13/2026 - 04:05 PM Learn about SEC filing dates

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).

X

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^*

Kang Andrew

(Last) (First) (Middle)

C/O STRATEGY INC

1850 TOWERS CRESCENT PLAZA

(Street)

TYSONS CORNER VA 22182

(City) (State) (Zip)

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

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

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

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

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

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

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

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)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	03/11/2026		M		2,071	A	(1)	24,731	D
Class A Common Stock	03/12/2026		S(2)		916	D	$137.254	23,815	D
Series A Perpetual Strife Preferred Stock								1,500	D
Series A Perpetual Stretch Preferred Stock								2,800	D
Series A Perpetual Stride Preferred Stock								2,250	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	03/11/2026		M			2,071	(3)	(3)	Class A Common Stock	2,071	$0	6,213	D

Explanation of Responses:

1. Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc.

2. The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of previously granted equity awards.

3. The remaining 6,213 RSUs will vest in equal annual installments over a three-year period, with 2,071 RSUs vesting on March 11, 2027, 2,071 RSUs vesting on March 11, 2028 and 2,071 RSUs vesting on March 11, 2029.

	/s/ Allein Sabel, Attorney-in-Fact	03/13/2026
	** 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.