Strategy Inc (MSTR) CFO sells 1,949 shares, settles 4,260 RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Strategy Inc EVP & CFO Andrew Kang reported a mix of stock sales and equity awards in this Form 4. He sold a total of 1,949 shares of Class A common stock in open-market transactions on June 9, 2026 at weighted average prices around $123–$125 per share, leaving him with 71,044 shares held directly.
These sales were made under a pre-arranged Rule 10b5-1 instruction letter dated May 2, 2024 to cover tax withholding tied to restricted stock units that vested on June 5, 2026 and were settled into 4,260 shares on June 8, 2026. An additional 4,260 restricted stock units are scheduled to vest on June 5, 2027, indicating ongoing equity-based compensation.
Positive
- None.
Negative
- None.
Insights
Pre-planned tax-related sale alongside RSU settlement; routine scale.
EVP & CFO Andrew Kang exercised 4,260 restricted stock units into Class A common shares and sold 1,949 shares in open-market trades. The sales were executed under a Rule 10b5-1 instruction letter, which was established in advance for tax withholding tied to RSU vesting and settlement.
Following these transactions, Kang holds 71,044 common shares directly, so the net sale represents a small portion of his visible equity position. The filing also notes 4,260 remaining restricted stock units scheduled to vest on June 5, 2027, underscoring that equity compensation continues to align part of his pay with Strategy Inc’s stock performance.
Insider Trade Summary 10b5-1
Net Seller: 1,949 shares ($241,363)
Net Sell
8 txns
Insider
Kang Andrew
Role
EVP & CFO
Sold
1,949 shs ($241K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 1,019 | $123.384 | $126K |
| Sale | Class A Common Stock | 910 | $124.326 | $113K |
| Sale | Class A Common Stock | 20 | $124.878 | $2K |
| Exercise | Restricted Stock Units | 4,260 | $0.00 | -- |
| Exercise | Class A Common Stock | 4,260 | $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:
Class A Common Stock — 71,974 shares (Direct, null);
Restricted Stock Units — 4,260 shares (Direct, null);
Series A Perpetual Strife Preferred Stock — 1,500 shares (Direct, null);
Series A Perpetual Stretch Preferred Stock — 2,800 shares (Direct, null);
Series A Perpetual Stride Preferred Stock — 2,250 shares (Direct, null)
Footnotes (1)
- Each restricted stock unit represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy"). 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 restricted stock units on June 5, 2026 and their settlement on June 8, 2026. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.84 to $123.82, 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 $123.84 to $124.83, 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 $124.85 to $124.94, 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 remaining 4,260 restricted stock units will vest on June 5, 2027.
Key Figures
Shares sold: 1,949 shares
Sale prices: $122.84–$124.94/share
Shares after transactions: 71,044 shares
+3 more
6 metrics
Shares sold
1,949 shares
Class A common stock open-market sales on June 9, 2026
Sale prices
$122.84–$124.94/share
Weighted average price ranges across multiple sale trades
Shares after transactions
71,044 shares
Class A common stock held directly after reported trades
RSUs converted
4,260 units
Restricted stock units converting into Class A shares at $0.00
Future RSU vesting
4,260 units
Restricted stock units scheduled to vest on June 5, 2027
Rule 10b5-1 date
May 2, 2024
Instruction letter governing tax-related share sales
Key Terms
Rule 10b5-1 instruction letter, restricted stock unit, weighted average price, tax withholding obligation, +1 more
5 terms
Rule 10b5-1 instruction letter regulatory
"The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 2, 2024"
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of class A common stock"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
weighted average price financial
"The reported price is a weighted average price. These shares were sold in multiple transactions"
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.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units"
derivative exercise/conversion financial
"transaction_action: "derivative exercise/conversion" for the RSU-related entry"
FAQ
What did Strategy Inc (MSTR) EVP & CFO Andrew Kang report in this Form 4?
Andrew Kang reported a mix of transactions involving Strategy Inc stock. He sold 1,949 Class A shares in open-market trades and received 4,260 shares from restricted stock units that vested and settled in early June 2026.
Were Andrew Kang’s Strategy Inc (MSTR) stock sales under a Rule 10b5-1 plan?
Yes. The filing states that the sale was effected pursuant to a Rule 10b5-1 instruction letter dated May 2, 2024. This pre-arranged instruction was established to satisfy tax withholding obligations arising from restricted stock units that vested and settled in June 2026.
What restricted stock unit activity did Andrew Kang report for Strategy Inc (MSTR)?
He reported 4,260 restricted stock units converting into an equal number of Strategy Inc Class A shares at a stated price of $0.00 per unit. The filing also notes another 4,260 restricted stock units scheduled to vest on June 5, 2027, indicating future potential share delivery.