Strategy Inc director exercises and sells 1,500 shares
Strategy Inc director Jarrod M. Patten reported option exercises and related share sales in Class A Common Stock.
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported option exercises and related share sales in Class A Common Stock. He exercised a total of 1,500 shares through director stock options at an exercise price of $18.654 per share, then sold 1,500 shares in open-market transactions at prices of $192.00 and $190.28 per share. After these transactions, he directly holds 28,000 shares of Class A Common Stock, along with 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. He also retains director stock options covering 25,050 and 24,550 underlying Class A shares, both with an exercise price of $18.654 and expiring on May 31, 2026.
Positive
- None.
Negative
- None.
Insider Trade Summary
Exercise and Sale: 1,500 shares ($258K approx. pre-tax spread)
Exercise and Sale
9 txns
Insider
Patten Jarrod M
Role
Director
Sold
1,500 shs ($286K)
Approx. gross sale proceeds
$286K
Approx. exercise cost
$28K
Approx. pre-tax spread
$258K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 500 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,000 | $18.654 | $19K |
| Sale | Class A Common Stock | 1,000 | $190.28 | $190K |
| Exercise | Class A Common Stock | 500 | $18.654 | $9K |
| Sale | Class A Common Stock | 500 | $192.00 | $96K |
| 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) — 24,550 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 1,000 shares exercised on May 14, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 25,050 shares subject to this option, 50 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F2. Of the 500 shared exercised on May 14, 2026 pursuant to this option, 50 shares vested on May 31, 2018 and 450 shares vested on May 31, 2019. Of the remaining 24,550 share subject to this option, 12,050 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
Key Figures
Shares sold: 1,500 shares
Sale prices: $192.00 and $190.28 per share
Options exercised: 1,500 shares
+5 more
8 metrics
Shares sold
1,500 shares
Class A Common Stock sold in open-market transactions on May 14, 2026
Sale prices
$192.00 and $190.28 per share
Prices for 500 and 1,000 Class A shares sold
Options exercised
1,500 shares
Director stock options exercised into Class A Common Stock
Option exercise price
$18.654 per share
Exercise price for director stock options converted to Class A shares
Common shares held
28,000 shares
Class A Common Stock directly owned after transactions
Preferred Stride shares
5,000 shares
Series A Perpetual Stride Preferred Stock directly held
Preferred Stretch shares
29,335 shares
Series A Perpetual Stretch Preferred Stock directly held
Remaining director options
25,050 and 24,550 shares
Director stock options outstanding with $18.654 strike, expiring May 31, 2026
Key Terms
open-market sale, derivative exercise/conversion, Director Stock Option (Right to buy), Series A Perpetual Stride 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.
derivative exercise/conversion financial
"transaction_action": "derivative exercise/conversion""
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""
FAQ
What did Strategy Inc (MSTR) director Jarrod M. Patten report in this Form 4?
He reported exercising director stock options for 1,500 Class A shares at $18.654 per share and selling 1,500 shares in open-market trades around $190–$192, updating his ownership positions.
What is Jarrod M. Patten’s Class A Common Stock holding in Strategy Inc (MSTR) after the transactions?
Following the reported option exercises and sales, he directly holds 28,000 shares of Strategy Inc Class A Common Stock, as disclosed as the total shares beneficially owned after the transactions.
What preferred stock holdings does the Strategy Inc (MSTR) director report?
He reports direct holdings of 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 as of the transaction date.
What director stock options does Jarrod M. Patten still hold in Strategy Inc (MSTR)?
He retains director stock options over 25,050 and 24,550 underlying Class A shares, each with an exercise price of $18.654 per share and an expiration date of May 31, 2026, according to the Form 4 data.
Were the Strategy Inc (MSTR) director’s transactions open-market sales or other types?
The Form 4 identifies the two Class A Common Stock dispositions as open-market sales, coded “S,” while the acquisitions are coded “M” and described as exercises or conversions of director stock options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
