Strategy Inc (MSTR) CFO receives new option, RSU and PSU grants
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Strategy Inc EVP & CFO Andrew Kang reported new equity awards, not open-market trades. He received an option grant for 8,391 shares of Class A common stock at an exercise price of $150.28 per share, plus 18,298 restricted stock units and 6,722 target performance stock units.
The option and RSUs each vest 25% on the first anniversary of the March 17, 2026 grant date and 25% on each of the next three anniversaries until fully vested. The performance stock units can settle into 0%–200% of the 6,722 target units based on Strategy’s relative total shareholder return versus the Nasdaq Composite Index over a three-year period from March 17, 2026 to March 16, 2029, subject to Compensation Committee certification and continued service.
Following these awards, Kang directly holds derivative awards tied to Strategy Class A common stock and 23,815 shares of Class A common stock, along with several series of preferred stock reported as direct holdings.
Positive
- None.
Negative
- None.
Insider Trade Summary
7 transactions reported
Mixed
7 txns
Insider
Kang Andrew
Role
EVP & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Employee Stock Option (Right to buy) | 8,391 | $0.00 | -- |
| Grant/Award | Restricted Stock Units | 18,298 | $0.00 | -- |
| Grant/Award | Performance Stock Units | 6,722 | $0.00 | -- |
| holding | Series A Perpetual Strife Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stride Preferred Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Employee Stock Option (Right to buy) — 8,391 shares (Direct);
Restricted Stock Units — 18,298 shares (Direct);
Performance Stock Units — 6,722 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);
Class A Common Stock — 23,815 shares (Direct)
Footnotes (1)
- 25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full. Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy"). 25 percent of these RSUs vest on the first anniversary of the grant date, and an additional 25 percent of the original number of RSUs vest on each anniversary thereafter until the RSUs are vested in full. Each performance stock unit ("PSU") represents a contingent right to receive shares of Strategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on Strategy's relative total shareholder return ("TSR") as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (March 17, 2026 to March 16, 2029). Vesting is subject to certification by Strategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.
FAQ
What equity awards did Strategy Inc (MSTR) grant to EVP & CFO Andrew Kang?
Andrew Kang received 8,391 stock options at an exercise price of $150.28, 18,298 restricted stock units, and 6,722 target performance stock units. All are compensation-related grants, not market purchases, and are tied to Strategy Inc Class A common stock.
How do Andrew Kang’s new stock options at Strategy Inc (MSTR) vest?
The 8,391 stock options vest in four equal annual installments. 25% vest on the first anniversary of the March 17, 2026 grant date, and another 25% vest on each of the next three anniversaries until the options are fully vested.
What are the vesting terms for Andrew Kang’s RSUs at Strategy Inc (MSTR)?
Kang’s 18,298 restricted stock units vest over four years. 25% vest on the first anniversary of the March 17, 2026 grant, with an additional 25% of the original RSUs vesting on each of the next three anniversaries, assuming continued service.
How are Andrew Kang’s performance stock units at Strategy Inc (MSTR) determined?
Each performance stock unit can convert into between 0% and 200% of the 6,722 target units. The payout depends on Strategy’s relative total shareholder return versus the Nasdaq Composite Index over March 17, 2026 to March 16, 2029, subject to Compensation Committee certification.
What conditions must be met for Andrew Kang’s PSUs at Strategy Inc (MSTR) to vest?
The PSUs vest only if Strategy’s Compensation Committee certifies performance over the three-year total shareholder return period and Kang remains in service through that date. Both performance against the Nasdaq Composite and continued employment are required for any shares to be delivered.