Strategy Inc director exercises options, sells 3,400 shares
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell transaction in Class A Common Stock.
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell transaction in Class A Common Stock. On April 13, 2026, he exercised options to acquire a total of 3,400 shares at an exercise price of $18.654 per share and sold the same 3,400 shares in open-market transactions at prices around $130 per share. Following these moves, he held 28,000 Class A Common shares directly. The filing also lists 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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 3,400 shares ($381K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Patten Jarrod M
Role
Director
Sold
3,400 shs ($444K)
Approx. gross sale proceeds
$444K
Approx. exercise cost
$63K
Approx. pre-tax spread
$381K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 1,400 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 2,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,400 | $18.654 | $26K |
| Sale | Class A Common Stock | 1,400 | $129.865 | $182K |
| Exercise | Class A Common Stock | 2,000 | $18.654 | $37K |
| Sale | Class A Common Stock | 2,000 | $131.191 | $262K |
| 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) — 39,800 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 (2)
- F1. The 1,400 shares exercised on April 13, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 41,800 shares subject to this option, 4,300 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.
- F2. The 2,000 shares exercised on April 13, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 39,800 shares subject to this option, 2,300 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: 3,400 shares
Exercise price: $18.654 per share
Shares sold: 3,400 shares
+5 more
8 metrics
Options exercised
3,400 shares
Director Stock Options exercised on April 13, 2026
Exercise price
$18.654 per share
Director Stock Option exercise price for Class A Common
Shares sold
3,400 shares
Open-market sales of Class A Common Stock
Sale prices
$129.865 and $131.191
Per-share prices for 1,400 and 2,000 share sales
Class A holdings
28,000 shares
Direct Class A Common Stock held after transactions
Series A Strife Preferred
10,000 shares
Direct preferred stock holdings as listed
Series A Stretch Preferred
29,335 shares
Direct preferred stock holdings as listed
Series A Stride Preferred
5,000 shares
Direct preferred stock holdings as listed
Key Terms
Director Stock Option (Right to buy), Class A Common Stock, open-market sale, Series A Perpetual Strife Preferred Stock, +2 more
6 terms
Director Stock Option (Right to buy) 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.
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.
Series A Perpetual Strife Preferred Stock financial
"security_title: "Series A Perpetual Strife Preferred Stock""
Series A Perpetual Stretch Preferred Stock financial
"security_title: "Series A Perpetual Stretch Preferred Stock""
Series A Perpetual Stride Preferred Stock financial
"security_title: "Series A Perpetual Stride Preferred Stock""
FAQ
What insider transactions did MSTR director Jarrod M. Patten report?
Jarrod M. Patten exercised and sold shares. He exercised options to acquire 3,400 Strategy Inc Class A Common shares at $18.654, then sold all 3,400 shares in open-market trades at prices around $130 per share on April 13, 2026.
What option exercise price is shown in the MSTR Form 4 filing?
The options were exercised at $18.654 per share. Jarrod M. Patten exercised Director Stock Options with a right to buy Strategy Inc Class A Common Stock at this fixed exercise price before subsequently selling the acquired shares.
Does the Form 4 show any preferred stock holdings for the MSTR director?
Yes, several preferred stock series are listed as holdings. The filing reports 10,000 shares of Series A Perpetual Strife Preferred, 29,335 shares of Series A Perpetual Stretch Preferred, and 5,000 shares of Series A Perpetual Stride Preferred Stock held directly.
AI-generated analysis. How Rhea-AI works. Not financial advice.
