STOCK TITAN

Strategy Inc (MSTR) CEO adds preferred shares via children’s accounts

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Strategy Inc President & CEO Le Phong reported small indirect open-market purchases of the company’s preferred stock on May 22, 2026. Accounts for Minor Child 1 bought 50 shares of Series A Perpetual Stretch Preferred Stock at $99.41 per share, and accounts for Minor Child 3 bought 5 shares at $99.37 per share.

After these trades, the filing shows indirect holdings of 121 and 33 shares of this preferred stock for Minor Child 1 and Minor Child 3, respectively. The filing also lists Le Phong’s direct holdings of 22,923 shares of Class A Common Stock and several series of preferred stock, indicating these family-related purchases are small relative to his overall reported position.

Positive

  • None.

Negative

  • None.
Insider Le Phong
Role President & CEO
Bought 55 shs ($5K)
Type Security Shares Price Value
Purchase Series A Perpetual Stretch Preferred Stock 50 $99.41 $5K
Purchase Series A Perpetual Stretch Preferred Stock 5 $99.37 $496.85
holding Series A Perpetual Strife Preferred Stock -- -- --
holding Series A Perpetual Stretch Preferred Stock -- -- --
holding Series A Perpetual Stretch Preferred Stock -- -- --
holding Series A Perpetual Stride Preferred Stock -- -- --
holding Class A Common Stock -- -- --
Holdings After Transaction: Series A Perpetual Stretch Preferred Stock — 121 shares (Indirect, By Minor Child 1); Series A Perpetual Strife Preferred Stock — 6,000 shares (Direct, null); Series A Perpetual Stretch Preferred Stock — 8,009 shares (Direct, null); Series A Perpetual Stride Preferred Stock — 4,500 shares (Direct, null); Class A Common Stock — 22,923 shares (Direct, null)
Footnotes (1)
Preferred shares bought for Minor Child 1 50 shares at $99.41 Series A Perpetual Stretch Preferred Stock, May 22, 2026
Preferred shares bought for Minor Child 3 5 shares at $99.37 Series A Perpetual Stretch Preferred Stock, May 22, 2026
Indirect Stretch preferred holding for Minor Child 1 121 shares Series A Perpetual Stretch Preferred Stock after transactions
Indirect Stretch preferred holding for Minor Child 3 33 shares Series A Perpetual Stretch Preferred Stock after transactions
Direct Class A Common Stock holding 22,923 shares Shares of Class A Common Stock held directly after reported date
Direct Stretch preferred holding 8,009 shares Series A Perpetual Stretch Preferred Stock held directly
Direct Stride preferred holding 4,500 shares Series A Perpetual Stride Preferred Stock held directly
Direct Strife preferred holding 6,000 shares Series A Perpetual Strife Preferred Stock held directly
Class A Common Stock financial
"security_title: "Class A Common Stock" with 22,923 shares following"
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.
open-market purchase financial
"transaction_action: "open-market purchase" for preferred stock buys"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"direct_or_indirect: "I" with nature_of_ownership "By Minor Child""
Series A Perpetual Stretch Preferred Stock financial
"security_title: "Series A Perpetual Stretch Preferred Stock" in multiple rows"
Series A Perpetual Stride Preferred Stock financial
"security_title: "Series A Perpetual Stride Preferred Stock" with 4,500 shares"
Series A Perpetual Strife Preferred Stock financial
"security_title: "Series A Perpetual Strife Preferred Stock" with 6,000 shares"
SEC Form 4
FORM 4UNITED 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).
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*
Le Phong

(Last)(First)(Middle)
C/O STRATEGY INC
1850 TOWERS CRESCENT PLAZA

(Street)
TYSONS CORNER VIRGINIA 22182

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Strategy Inc [ MSTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President & CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
05/22/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Series A Perpetual Stretch Preferred Stock05/22/2026P50A$99.41121IBy Minor Child 1
Series A Perpetual Stretch Preferred Stock05/22/2026P5A$99.3733IBy Minor Child 3
Series A Perpetual Strife Preferred Stock6,000D
Series A Perpetual Stretch Preferred Stock8,009D
Series A Perpetual Stretch Preferred Stock32IBy Minor Child 2
Series A Perpetual Stride Preferred Stock4,500D
Class A Common Stock22,923D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
/s/ Allein Sabel, Attorney-in-Fact05/26/2026
** Signature of Reporting PersonDate
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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did MSTR CEO Le Phong report in this Form 4?

Le Phong reported two open-market purchases of Series A Perpetual Stretch Preferred Stock on May 22, 2026. These were small, family-related trades executed in accounts for Minor Child 1 and Minor Child 3, not large direct purchases by the CEO personally.

How many MSTR preferred shares were bought for Le Phong’s minor children?

The filing shows purchases of 50 preferred shares for Minor Child 1 and 5 preferred shares for Minor Child 3. Both transactions involved Series A Perpetual Stretch Preferred Stock acquired in open-market trades around $99 per share on May 22, 2026.

What prices were paid for MSTR’s Series A Perpetual Stretch Preferred Stock?

Minor Child 1’s account purchased 50 shares at $99.41 per share, while Minor Child 3’s account purchased 5 shares at $99.37 per share. Both trades were recorded as open-market purchases of Series A Perpetual Stretch Preferred Stock on May 22, 2026.

What are Le Phong’s reported indirect preferred holdings after these MSTR trades?

After the transactions, the filing lists 121 shares of Series A Perpetual Stretch Preferred Stock indirectly held for Minor Child 1 and 33 shares indirectly held for Minor Child 3. These positions reflect the updated totals following the reported open-market purchases.

How many MSTR Class A common shares does Le Phong hold after the reported transactions?

The Form 4 shows 22,923 shares of Class A Common Stock held directly by Le Phong following the reported date. This figure comes from a holding entry and provides context for the relative size of the small preferred stock purchases for his minor children.

Does the Form 4 show any MSTR stock option exercises or derivative positions for Le Phong?

No derivative positions are listed in the derivative summary, and the filing shows an exercise count of zero. All reported entries relate to common stock and various preferred stock series, with no stock option or other derivative security exercises disclosed in this Form 4.