Strategy CEO sells 5,522 shares under tax plan
Strategy Inc President & CEO Le Phong exercised 11,920 restricted stock units into Class A common stock on June 8, 2026, receiving one share per unit at a stated price of $0.00 per share.
Rhea-AI Filing Summary
Strategy Inc President & CEO Le Phong exercised 11,920 restricted stock units into Class A common stock on June 8, 2026, receiving one share per unit at a stated price of $0.00 per share. The filing notes that 11,920 remaining restricted stock units will vest on June 5, 2027.
On June 9, 2026, Phong completed open-market sales totaling 5,522 Class A shares at weighted average prices in the low-$120s per share. These sales were carried out under a Rule 10b5-1 instruction letter entered on May 7, 2024 to satisfy tax withholding obligations tied to the RSU vesting and settlement. After the transactions, Phong holds 126,323 Class A shares directly.
Positive
- None.
Negative
- None.
Insider Trade Summary 10b5-1
Exercise and sale activity reported; no spread calculated
Exercise and Sale
11 txns
Insider
Le Phong
Role
President & CEO
Sold
5,522 shs ($684K)
Approx. gross sale proceeds
$684K
Approx. exercise cost
$0.00
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Class A Common Stock | 2,888 | $123.384 | $356K |
| Sale | Class A Common Stock | 2,579 | $124.326 | $321K |
| Sale | Class A Common Stock | 55 | $124.878 | $7K |
| Exercise | Restricted Stock Units | 11,920 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 11,920 | $0.00 | $0.00 |
| holding | Series A Perpetual Strife Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stretch Preferred Stock | -- | -- | -- |
| holding | Series A Perpetual Stride Preferred Stock | -- | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 11,920 contracts (Direct);
Class A Common Stock — 126,323 shares (Direct);
Series A Perpetual Strife Preferred Stock — 6,000 shares (Direct);
Series A Perpetual Stretch Preferred Stock — 8,009 shares (Direct);
Series A Perpetual Stretch Preferred Stock — 121 shares (Indirect, By Minor Child 1);
Series A Perpetual Stretch Preferred Stock — 32 shares (Indirect, By Minor Child 2);
Series A Perpetual Stretch Preferred Stock — 33 shares (Indirect, By Minor Child 3);
Series A Perpetual Stride Preferred Stock — 4,500 shares (Direct)
Footnotes (6)
- F1. Each restricted stock unit represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy").
- F2. The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 7, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units on June 5, 2026 and their settlement on June 8, 2026.
- F3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.84 to $123.82, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F4. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.84 to $124.83, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F5. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.85 to $124.94, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- F6. The remaining 11,920 restricted stock units will vest on June 5, 2027.
Key Figures
Shares sold: 5,522 shares
Sale prices: $123.3840, $124.3260, $124.8780/share
RSUs exercised: 11,920 units
+3 more
6 metrics
Shares sold
5,522 shares
Class A common stock sold in open market on June 9, 2026
Sale prices
$123.3840, $124.3260, $124.8780/share
Weighted average prices for three sale tranches
RSUs exercised
11,920 units
Restricted stock units converted into Class A shares on June 8, 2026
Post-transaction holdings
126,323 shares
Class A common stock held directly after transactions
RSUs remaining
11,920 units
Restricted stock units scheduled to vest on June 5, 2027
10b5-1 plan date
May 7, 2024
Date CEO entered Rule 10b5-1 instruction letter
Key Terms
restricted stock unit, Rule 10b5-1, weighted average price, tax withholding obligation
4 terms
restricted stock unit financial
"Each restricted stock unit represents a contingent right to receive one share of class A common stock of Strategy Inc"
A restricted stock unit is a promise from a company to give an employee shares of stock after certain conditions are met, like staying with the company for a set amount of time. It’s like earning a bonus that turns into company stock once you’ve proven your commitment, making it a way to motivate and reward employees.
Rule 10b5-1 regulatory
"The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 7, 2024"
Rule 10b5-1 is a regulation that allows company insiders to buy or sell their shares at predetermined times, even if they have access to non-public information. It acts like setting a schedule in advance for transactions, helping prevent accusations of unfair trading. This rule provides a way for insiders to plan trades transparently, giving investors confidence that these transactions are not based on hidden information.
weighted average price financial
"The reported price is a weighted average price. These shares were sold in multiple transactions"
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
tax withholding obligation financial
"to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Strategy Inc (MSTR) report for CEO Le Phong?
Strategy Inc reported that CEO Le Phong exercised 11,920 restricted stock units into Class A common stock, then sold 5,522 shares in open-market transactions. The sales were executed under a Rule 10b5-1 instruction letter to address tax withholding obligations related to RSU vesting and settlement.
What restricted stock unit position remains for the Strategy Inc (MSTR) CEO?
The filing notes that 11,920 restricted stock units remain outstanding for CEO Le Phong. These units are scheduled to vest on June 5, 2027, providing a future contingent right to receive an equal number of Strategy Inc Class A common shares at that vesting date.
How does the Form 4 describe the nature of the RSUs at Strategy Inc (MSTR)?
Each restricted stock unit is described as a contingent right to receive one share of Strategy Inc Class A common stock. The filing explains that RSUs convert into shares upon vesting and settlement, which in this case led to share issuance followed by tax-related sales under a pre-arranged plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
