MSTR director exercises options and sells 1,250 shares
Strategy Inc director Jarrod M. Patten reported an option exercise and share sale involving Class A common stock.
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported an option exercise and share sale involving Class A common stock. On May 26, 2026, he exercised options to acquire 1,250 shares at $18.654 per share and sold 1,250 shares at $165.30 per share in an open-market transaction.
Following these transactions, Patten directly holds 28,000 shares of Class A common stock and 18,050 shares remain subject to his director stock option, according to the footnote. He also directly holds 5,000 shares of Series A Perpetual Stride Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 10,000 shares of Series A Perpetual Strife Preferred Stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,250 shares ($183K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Patten Jarrod M
Role
Director
Sold
1,250 shs ($207K)
Approx. gross sale proceeds
$207K
Approx. exercise cost
$23K
Approx. pre-tax spread
$183K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 1,250 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,250 | $18.654 | $23K |
| Sale | Class A Common Stock | 1,250 | $165.30 | $207K |
| 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) — 18,050 contracts (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)
Footnotes (1)
- F1. The 1,250 shares exercised on May 26, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 18,050 shares subject to this option, 5,550 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
Key Figures
Shares sold: 1,250 shares
Sale price: $165.30 per share
Options exercised: 1,250 shares
+5 more
8 metrics
Shares sold
1,250 shares
Class A common stock sold at $165.30 on May 26, 2026
Sale price
$165.30 per share
Open-market sale of 1,250 Class A common shares
Options exercised
1,250 shares
Director stock option exercise into Class A common stock
Exercise price
$18.654 per share
Conversion price for exercised director stock option
Common shares held
28,000 shares
Class A common stock directly held after transactions
Options remaining
18,050 shares
Shares still subject to director stock option after exercise
Stride preferred holding
5,000 shares
Series A Perpetual Stride Preferred Stock directly held
Stretch preferred holding
29,335 shares
Series A Perpetual Stretch Preferred Stock directly held
Key Terms
Open-market sale, Derivative security, Director Stock Option (Right to buy), Perpetual Preferred Stock
4 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)"
Perpetual Preferred Stock financial
"Series A Perpetual Stride Preferred Stock"
A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.
FAQ
What insider transactions did MSTR director Jarrod M. Patten report?
Jarrod M. Patten reported exercising options for 1,250 Class A shares at $18.654 and selling 1,250 Class A shares at $165.30 on May 26, 2026. These actions form an exercise-and-sell pattern in the company’s common stock.
What option exercise did the MSTR Form 4 disclose for Jarrod M. Patten?
The Form 4 shows Patten exercised a director stock option for 1,250 underlying Class A shares at a conversion price of $18.654 per share. The related option had 18,050 shares remaining subject to it after the exercise, according to the transaction details and footnote.
What preferred stock holdings does Jarrod M. Patten report in MSTR?
Patten reports direct holdings of several preferred series: 5,000 shares of Series A Perpetual Stride Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 10,000 shares of Series A Perpetual Strife Preferred Stock. These preferred positions are listed as holdings as of May 26, 2026.
How many director stock options remain after Patten’s exercise at MSTR?
After exercising 1,250 director stock options, 18,050 shares remain subject to the option. The footnote explains vesting milestones on May 31, 2018, 2019, and 2020, and the derivative line shows 18,050 as the remaining option total following the May 26, 2026 exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
