MSTR director exercises options, sells 700 shares
Strategy Inc director Patten Jarrod M exercised stock options and made a small related share sale.
Rhea-AI Filing Summary
Strategy Inc director Patten Jarrod M exercised stock options and made a small related share sale. On March 30, 2026, he exercised options for 700 shares of Class A Common Stock at $18.654 per share, then sold 700 shares in an open-market transaction at $128.04 per share, a typical exercise-and-sell pattern that converts options into cash.
After these transactions, he directly holds 28,000 shares of Class A Common Stock and retains an option covering 48,600 additional shares. The footnote explains that the option shares vest in tranches between May 31, 2017 and May 31, 2020. The filing also lists direct holdings of several Series A perpetual preferred stock classes as of the same date.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 700 shares ($77K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Patten Jarrod M
Role
Director
Sold
700 shs ($90K)
Approx. gross sale proceeds
$90K
Approx. exercise cost
$13K
Approx. pre-tax spread
$77K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 700 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 700 | $18.654 | $13K |
| Sale | Class A Common Stock | 700 | $128.04 | $90K |
| 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) — 48,600 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 700 shares exercised on March 30, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 48,600 shares subject to this option, 11,100 shares vested on May 31, 2017, 12,500 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
Options exercised: 700 shares
Exercise price: $18.654 per share
Shares sold: 700 shares
+5 more
8 metrics
Options exercised
700 shares
Director Stock Option exercised on March 30, 2026
Exercise price
$18.654 per share
Director Stock Option for Class A Common Stock
Shares sold
700 shares
Class A Common Stock open-market sale on March 30, 2026
Sale price
$128.04 per share
Class A Common Stock sale
Common shares after transactions
28,000 shares
Direct Class A Common Stock holdings following transactions
Option shares remaining
48,600 shares
Director Stock Option shares remaining after 700-share exercise
Series A Strife Preferred
10,000 shares
Direct holdings of Series A Perpetual Strife Preferred Stock
Series A Stretch Preferred
29,335 shares
Direct holdings of Series A Perpetual Stretch Preferred Stock
Key Terms
Director Stock Option, Class A Common Stock, open-market sale, Perpetual Preferred Stock, +1 more
5 terms
Director Stock Option financial
"Director Stock Option (Right to buy)"
Class A Common Stock financial
"underlying_security_title: "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.
open-market sale financial
"transaction_action: "open-market sale""
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.
Perpetual Preferred Stock financial
"Series A Perpetual Strife 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.
exercise or conversion of derivative security financial
"transaction_code_description: "Exercise or conversion of derivative security""
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did MSTR director Patten Jarrod M do in this Form 4 filing?
Director Patten Jarrod M exercised 700 stock options and sold 700 common shares. This turned option-based compensation into cash while leaving a sizable remaining equity position and unexercised options in Strategy Inc.
What stock options did the MSTR director exercise in this transaction?
He exercised Director Stock Options covering 700 shares at an exercise price of $18.654 per share. The related footnote states the broader option award vests in annual tranches from May 31, 2017 through May 31, 2020.
How many stock options remain for the MSTR director after this exercise?
After exercising 700 shares, 48,600 shares remain subject to his Director Stock Option. The footnote explains that these remaining shares were scheduled to vest in four annual installments between 2017 and 2020 under the original grant terms.
What preferred stock holdings are disclosed for the MSTR director in this filing?
The filing lists direct holdings of Series A Perpetual Strife Preferred Stock, Series A Perpetual Stretch Preferred Stock, and Series A Perpetual Stride Preferred Stock. The disclosed balances are 10,000, 29,335, and 5,000 shares respectively as of the reported date.
AI-generated analysis. How Rhea-AI works. Not financial advice.
