Strategy (NASDAQ: MSTR) director sells 1,850 shares at $129–$131
Rhea-AI Filing Summary
For Strategy Inc (MSTR), director Jarrod M. Patten reported an option exercise and related share sales. On August 27, 2026, he exercised 1,850 Director Stock Options at an exercise price of $18.236 per share into Class A common stock, leaving 26,750 options outstanding under that grant. He then sold 1,850 Class A shares in two transactions of 925 shares each at $129.00 and $131.00 per share. He also reports continuing direct holdings of several Series A perpetual preferred stock classes.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,850 shares ($207K approx. pre-tax spread)
Exercise and Sale
7 txns
Insider
Patten Jarrod M
Role
Director
Sold
1,850 shs ($241K)
Approx. gross sale proceeds
$241K
Approx. exercise cost
$34K
Approx. pre-tax spread
$207K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) F1 | 1,850 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,850 | $18.236 | $34K |
| Sale | Class A Common Stock | 925 | $129.00 | $119K |
| Sale | Class A Common Stock | 925 | $131.00 | $121K |
| 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) — 26,750 shares (Direct);
Class A Common Stock — 28,406 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 1,850 shares exercised on August 27, 2026 pursuant to this option vested on May 31, 2019. Of the remaining 26,750 shares pursuant to this option, 1,750 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
Key Figures
Options exercised: 1,850 shares
Exercise price: $18.236 per share
Options remaining under grant: 26,750 shares
+4 more
7 metrics
Options exercised
1,850 shares
Director Stock Option exercised August 27, 2026
Exercise price
$18.236 per share
Director Stock Option into Class A Common Stock
Options remaining under grant
26,750 shares
Director Stock Option holdings after exercise
Class A shares sold
925 shares at $129.00; 925 shares at $131.00
Two sales of Class A Common Stock on August 27, 2026
Series A Perpetual Strife Preferred Stock
10,000 shares
Direct holdings after reported transactions
Series A Perpetual Stretch Preferred Stock
29,335 shares
Direct holdings after reported transactions
Series A Perpetual Stride Preferred Stock
5,000 shares
Direct holdings after reported transactions
Key Terms
Director Stock Option, Class A Common Stock, Series A Perpetual Preferred Stock, Exercise or conversion of derivative security
4 terms
Director Stock Option financial
"security_title: 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.
Series A Perpetual Preferred Stock financial
"Series A Perpetual Strife Preferred Stock"
Exercise or conversion of derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
FAQ
What did Jarrod M. Patten report in this Form 4 for MSTR?
Jarrod M. Patten reported exercising 1,850 stock options at $18.236 and receiving 1,850 MSTR Class A shares, then selling those 1,850 shares in two lots at $129.00 and $131.00 on August 27, 2026. He continues to hold options and several Series A preferred stock positions.
At what price were the MSTR options exercised in this filing?
The Director Stock Options were exercised for 1,850 shares of MSTR Class A common stock at an exercise price of $18.236 per share, according to the Form 4 footnoted option disclosure.
How many options remain from the exercised grant for MSTR?
After exercising 1,850 options, 26,750 shares remain subject to the same Director Stock Option award. The footnote explains vesting in 2019, 2020, and 2021 for these remaining option shares.
What preferred stock holdings of Strategy Inc does the Form 4 show?
The Form 4 shows direct holdings of 10,000 shares of Series A Perpetual Strife Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 5,000 shares of Series A Perpetual Stride Preferred Stock as of August 27, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
