STOCK TITAN

Strategy Inc (MSTR) director sells 3,700 shares at $122–$127

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Strategy Inc (MSTR) director Jarrod M. Patten reported option exercises and related stock sales. On August 24–25, 2026, he exercised options for a total of 3,700 Class A Common shares at an exercise price of $18.236 per share and sold those 3,700 shares in multiple trades at prices between $122.34 and $127.00 per share. The filing also lists direct holdings of 10,000, 29,335, and 5,000 shares of three Series A Perpetual Preferred Stock issues following the reported date.

Positive

  • None.

Negative

  • None.
Insider Patten Jarrod M
Role Director
Sold 3,700 shs ($461K)
Approx. gross sale proceeds $461K
Approx. exercise cost $67K
Approx. pre-tax spread $393K
Type Security Shares Price Value
Exercise Director Stock Option (Right to buy) F2 2,775 $0.00 $0.00
Exercise Class A Common Stock 925 $18.236 $17K
Sale Class A Common Stock 925 $124.00 $115K
Exercise Class A Common Stock 925 $18.236 $17K
Sale Class A Common Stock 925 $125.00 $116K
Exercise Class A Common Stock 925 $18.236 $17K
Sale Class A Common Stock 925 $127.00 $117K
Exercise Director Stock Option (Right to buy) F1 925 $0.00 $0.00
Exercise Class A Common Stock 925 $18.236 $17K
Sale Class A Common Stock 925 $122.34 $113K
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) — 28,600 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 (2)
  1. F1. The 925 shares exercised on August 24, 2026 pursuant to this option vested on May 31, 2019. Of the remaining 31,375 shares pursuant to this option, 6,375 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
  2. F2. The 2,775 shares exercised on August 25, 2026 pursuant to this option vested on May 31, 2019. Of the remaining 28,600 shares pursuant to this option, 3,600 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
Class A shares sold 3,700 shares Total MSTR Class A Common Stock sold in reported transactions on August 24–25, 2026
Option exercise price $18.236 per share Exercise price for director stock options converted into MSTR Class A Common Stock
Sale price per share (low) $122.34 per share Lowest reported sale price for 925 MSTR Class A shares on August 24, 2026
Sale price per share (high) $127.00 per share Highest reported sale price for 925 MSTR Class A shares on August 25, 2026
Series A Perpetual Strife Preferred Stock holding 10,000 shares Direct holdings reported after transactions, as of August 24, 2026
Series A Perpetual Stretch Preferred Stock holding 29,335 shares Direct holdings reported after transactions, as of August 24, 2026
Series A Perpetual Stride Preferred Stock holding 5,000 shares Direct holdings reported after transactions, as of August 24, 2026
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.
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 reported exercising options for 3,700 Class A Common shares at an exercise price of $18.236 per share and selling those 3,700 shares in several trades at prices between $122.34 and $127.00 per share on August 24–25, 2026.

At what prices were the MSTR shares sold by Jarrod M. Patten?

The reported sales covered 3,700 Class A Common shares at per-share prices of $122.34, $124.00, $125.00, and $127.00, according to the Form 4 transactions dated August 24 and 25, 2026.

What option exercise price did Jarrod M. Patten report for MSTR shares?

The Form 4 shows that Jarrod M. Patten exercised director stock options for MSTR Class A Common Stock at an exercise price of $18.236 per share for a total of 3,700 shares on August 24–25, 2026.

How many MSTR shares did Jarrod M. Patten sell in total?

He reported selling a total of 3,700 Class A Common shares, in four separate transactions of 925 shares each, at per-share prices of $122.34, $124.00, $125.00, and $127.00.

What preferred stock holdings of Strategy Inc (MSTR) does Jarrod M. Patten report?

The filing 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 as of August 24, 2026.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Patten Jarrod M

(Last)(First)(Middle)
C/O STRATEGY INC
1850 TOWERS CRESCENT PLAZA

(Street)
TYSONS CORNER VIRGINIA 22182

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Strategy Inc [ MSTR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
08/24/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Class A Common Stock08/24/2026M925A$18.23629,331D
Class A Common Stock08/24/2026S925D$122.3428,406D
Class A Common Stock08/25/2026M925A$18.23629,331D
Class A Common Stock08/25/2026S925D$12428,406D
Class A Common Stock08/25/2026M925A$18.23629,331D
Class A Common Stock08/25/2026S925D$12528,406D
Class A Common Stock08/25/2026M925A$18.23629,331D
Class A Common Stock08/25/2026S925D$12728,406D
Series A Perpetual Strife Preferred Stock10,000D
Series A Perpetual Stretch Preferred Stock29,335D
Series A Perpetual Stride Preferred Stock5,000D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Director Stock Option (Right to buy)$18.23608/24/2026M925 (1)05/31/2027Class A Common Stock925$031,375D
Director Stock Option (Right to buy)$18.23608/25/2026M2,775 (2)05/31/2027Class A Common Stock2,775$028,600D
Explanation of Responses:
1. The 925 shares exercised on August 24, 2026 pursuant to this option vested on May 31, 2019. Of the remaining 31,375 shares pursuant to this option, 6,375 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
2. The 2,775 shares exercised on August 25, 2026 pursuant to this option vested on May 31, 2019. Of the remaining 28,600 shares pursuant to this option, 3,600 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
/s/ Allein Sabel, Attorney-in-Fact08/26/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)