Strategy Inc director exercises options, sells 2,000 shares
Strategy Inc director Patten Jarrod M reported multiple equity transactions involving the company’s Class A Common Stock and preferred shares.
Rhea-AI Filing Summary
Strategy Inc director Patten Jarrod M reported multiple equity transactions involving the company’s Class A Common Stock and preferred shares. On May 4, 2026, he exercised a director stock option to acquire 2,000 Class A shares at $18.654 per share.
That same day, he reported open-market sales totaling 2,000 Class A shares in four 500‑share trades at prices between $181 and $186. He also reports direct holdings of Series A Perpetual Stride, Stretch, and Strife Preferred Stock, and a footnote indicates 29,800 shares remain subject to the director stock option after this exercise.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 2,000 shares ($329K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Patten Jarrod M
Role
Director
Sold
2,000 shs ($367K)
Approx. gross sale proceeds
$367K
Approx. exercise cost
$37K
Approx. pre-tax spread
$329K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 2,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 2,000 | $18.654 | $37K |
| Sale | Class A Common Stock | 500 | $181.00 | $91K |
| Sale | Class A Common Stock | 500 | $182.00 | $91K |
| Sale | Class A Common Stock | 500 | $184.00 | $92K |
| Sale | Class A Common Stock | 500 | $186.00 | $93K |
| 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) — 29,800 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 2,000 shares exercised on May 4, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 29,800 shares subject to this option, 4,800 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
Class A shares sold: 2,000 shares
Sale prices: $181–$186 per share
Options exercised: 2,000 shares at $18.654
+4 more
7 metrics
Class A shares sold
2,000 shares
Open-market sales on May 4, 2026
Sale prices
$181–$186 per share
Four 500-share Class A trades
Options exercised
2,000 shares at $18.654
Director Stock Option exercise on May 4, 2026
Remaining option shares
29,800 shares
Still subject to Director Stock Option after exercise
Stride preferred held
5,000 shares
Series A Perpetual Stride Preferred Stock, direct ownership
Stretch preferred held
29,335 shares
Series A Perpetual Stretch Preferred Stock, direct ownership
Strife preferred held
10,000 shares
Series A Perpetual Strife Preferred Stock, direct ownership
Key Terms
open-market sale, Director Stock Option (Right to buy), Series A Perpetual Stride Preferred Stock, Series A Perpetual Stretch Preferred Stock, +2 more
6 terms
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.
Director Stock Option (Right to buy) financial
"security_title": "Director Stock Option (Right to buy)""
Series A Perpetual Stride Preferred Stock financial
"security_title": "Series A Perpetual Stride Preferred Stock""
Series A Perpetual Stretch Preferred Stock financial
"security_title": "Series A Perpetual Stretch Preferred Stock""
Series A Perpetual Strife Preferred Stock financial
"security_title": "Series A Perpetual Strife Preferred Stock""
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 Strategy Inc (MSTR) director Patten Jarrod M do in this Form 4?
He reported exercising options for 2,000 Class A shares at $18.654 and selling 2,000 Class A shares in open-market trades between $181 and $186. The filing also details his preferred stock and remaining option holdings.
What options did the Strategy Inc (MSTR) director exercise in this filing?
He exercised a Director Stock Option covering 2,000 shares of Class A Common Stock at a $18.654 exercise price. A footnote states that 29,800 shares remain subject to this option, with portions that vested from 2018 to 2020.
What preferred stock holdings of Strategy Inc (MSTR) are reported?
He 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, all listed as direct ownership positions.
Does the Strategy Inc (MSTR) director still have unexercised options after this Form 4?
Yes. A footnote explains that after exercising 2,000 shares, there remain 29,800 shares subject to the same director stock option. Those remaining option shares vested in stages on May 31, 2018, 2019, and 2020, respectively.
Are the Strategy Inc (MSTR) transactions open-market sales or internal transfers?
The Class A Common Stock dispositions are coded as “S”, described as sales in open market or private transactions. Other entries labeled as holdings or option exercises do not reflect open‑market trades and instead show positions and a derivative exercise.
AI-generated analysis. How Rhea-AI works. Not financial advice.
