MSTR director sells and exercises 4,000 shares
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell sequence in Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell sequence in Class A Common Stock. On April 30 and May 1, 2026, he sold a total of 4,000 shares in open-market transactions at prices between $161.61 and $178.08 per share. Over the same two days, he exercised director stock options to acquire 4,000 shares at an exercise price of $18.654 per share. Following these transactions, Patten directly holds 28,000 shares of Strategy Inc Class A Common Stock.
Insider Trade Summary
Exercise and Sale: 4,000 shares ($602K approx. pre-tax spread)
Exercise and Sale
11 txns
Insider
Patten Jarrod M
Role
Director
Sold
4,000 shs ($677K)
Approx. gross sale proceeds
$677K
Approx. exercise cost
$75K
Approx. pre-tax spread
$602K
Share of Position Sold
12.5%
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 2,250 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,250 | $18.654 | $42K |
| Sale | Class A Common Stock | 500 | $171.00 | $86K |
| Sale | Class A Common Stock | 500 | $174.00 | $87K |
| Sale | Class A Common Stock | 500 | $170.17 | $85K |
| Sale | Class A Common Stock | 750 | $178.08 | $134K |
| Exercise | Director Stock Option (Right to buy) | 1,750 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,750 | $18.654 | $33K |
| Sale | Class A Common Stock | 750 | $161.61 | $121K |
| Sale | Class A Common Stock | 500 | $163.695 | $82K |
| Sale | Class A Common Stock | 500 | $165.00 | $83K |
| 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) — 31,800 options (Direct);
Class A Common Stock — 28,000 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), 35,800 to 31,800 options (Direct);
Class A Common Stock, 28,000 to 28,000 shares (Direct)
Footnotes (2)
- F1. The 1,750 shares exercised on April 30, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 34,050 shares subject to this option, 9,050 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F2. The 2,250 shares exercised on May 1, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 31,800 shares subject to this option, 6,800 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
Key Figures
Shares sold: 4,000 shares
Sale price range: $161.61–$178.08 per share
Options exercised: 4,000 shares
+3 more
6 metrics
Shares sold
4,000 shares
Class A Common Stock sales on April 30 and May 1, 2026
Sale price range
$161.61–$178.08 per share
Open-market sale prices for Class A shares
Options exercised
4,000 shares
Director stock options converted to Class A Common Stock
Option exercise price
$18.654 per share
Conversion or exercise price for director stock options
Shares held after
28,000 shares
Direct Class A Common Stock holdings after May 1, 2026 trades
Net buy/sell shares
-4,000 shares
Net-sell direction from transaction summary
Key Terms
open-market sale, derivative security, Director Stock Option (Right to buy), Class A Common Stock, +1 more
5 terms
open-market sale financial
"Sale in open market or private transaction"
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.
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.
Director Stock Option (Right to buy) financial
"Director Stock Option (Right to buy)"
Class A Common Stock financial
"Class A Common Stock"
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
Series A Perpetual Stride Preferred Stock financial
"Series A Perpetual Stride Preferred Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MSTR director Jarrod Patten report?
Director Jarrod M. Patten reported a mix of sales and option exercises. He sold 4,000 Strategy Inc Class A shares in open-market trades and exercised director stock options to acquire 4,000 shares at an exercise price of $18.654 per share over two days.
What stock options did the MSTR director exercise in this Form 4?
Patten exercised director stock options covering 4,000 shares of Strategy Inc Class A Common Stock. The options had a conversion or exercise price of $18.654 per share, with 1,750 shares exercised on April 30, 2026 and 2,250 shares exercised on May 1, 2026.
Were the MSTR director’s transactions primarily buys or sells?
The reported activity reflects a mixed pattern, with both sales and exercises. Patten executed open-market sales totaling 4,000 shares and exercised stock options for 4,000 shares, resulting in a net-sell share count of 4,000 in the transaction summary section.
What other securities holdings does Jarrod Patten report besides MSTR common stock?
The Form 4 lists holdings of several preferred securities in addition to common shares. These include Series A Perpetual Stride Preferred Stock, Series A Perpetual Stretch Preferred Stock, and Series A Perpetual Strife Preferred Stock, each shown as direct holdings with reported share balances.
AI-generated analysis. How Rhea-AI works. Not financial advice.
