Strategy Inc director sells 5,250 shares
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell sequence in Class A Common Stock.
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Form Type
4
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell sequence in Class A Common Stock. On May 19–20, 2026, he sold a total of 5,250 shares in multiple open-market trades at prices between $165.87 and $167.00 per share. On the same dates, he exercised director stock options to acquire an equal 5,250 shares at a $18.654 exercise price. After these transactions, he directly held 28,000 shares of Class A Common Stock. The option exercises relate to awards that vested in prior years, and no remaining derivative holdings are listed in this filing.
Insider Trade Summary
Exercise and sale activity reported; no spread calculated
Exercise and Sale
18 txns
Insider
Patten Jarrod M
Role
Director
Sold
5,250 shs ($875K)
Approx. gross sale proceeds
$875K
Approx. exercise cost
$98K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Class A Common Stock | 1,250 | $18.654 | $23K |
| Sale | Class A Common Stock | 1,250 | $165.87 | $207K |
| Exercise | Class A Common Stock | 1,000 | $18.654 | $19K |
| Sale | Class A Common Stock | 1,000 | $167.00 | $167K |
| Exercise | Director Stock Option (Right to buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 1,250 | $0.00 | $0.00 |
| Exercise | Director Stock Option (Right to buy) | 1,000 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 1,000 | $18.654 | $19K |
| Sale | Class A Common Stock | 1,000 | $166.75 | $167K |
| Exercise | Class A Common Stock | 1,000 | $18.654 | $19K |
| Sale | Class A Common Stock | 1,000 | $167.00 | $167K |
| Exercise | Class A Common Stock | 1,000 | $18.654 | $19K |
| Sale | Class A Common Stock | 1,000 | $167.00 | $167K |
| 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) — 19,300 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 (5)
- F1. The 1,000 shares exercised on May 19, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 23,550 shares subject to this option, 11,050 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F2. The 1,000 shares exercised on May 19, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 22,550 shares subject to this option, 10,050 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F3. The 1,000 shares exercised on May 19, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 21,550 shares subject to this option, 9,050 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F4. The 1,250 shares exercised on May 20, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 20,300 shares subject to this option, 7,800 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
- F5. The 1,000 shares exercised on May 20, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 19,300 shares subject to this option, 6,800 shares vested on May 31, 2019, and 12,500 shares vested on May 31, 2020.
Key Figures
Shares sold: 5,250 shares
Sale price range: $165.87–$167.00/share
Options exercised: 5,250 shares
+5 more
8 metrics
Shares sold
5,250 shares
Total Class A Common Stock sold May 19–20, 2026
Sale price range
$165.87–$167.00/share
Open-market sales of Class A Common Stock
Options exercised
5,250 shares
Director stock options converted into Class A Common Stock
Option exercise price
$18.654/share
Director Stock Option (Right to buy) conversion price
Shares held after
28,000 shares
Director’s direct Class A Common Stock holdings post-transaction
Stride Preferred holding
5,000 shares
Series A Perpetual Stride Preferred Stock as of May 19, 2026
Stretch Preferred holding
29,335 shares
Series A Perpetual Stretch Preferred Stock as of May 19, 2026
Strife Preferred holding
10,000 shares
Series A Perpetual Strife Preferred Stock as of May 19, 2026
Key Terms
open-market sale, derivative security, Director Stock Option (Right to buy), Class A Common Stock, +1 more
5 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 security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Director Stock Option (Right to buy) financial
"security_title: Director Stock Option (Right to buy)"
Class A Common Stock financial
"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 Stride Preferred Stock financial
"security_title: Series A Perpetual Stride Preferred Stock"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did Strategy Inc (MSTR) director Jarrod Patten report?
Jarrod Patten reported both stock sales and option exercises. He sold 5,250 shares of Strategy Inc Class A Common Stock and exercised director stock options for 5,250 shares, turning an option position into direct share ownership while reducing his net share holdings.
What stock options did the Strategy Inc (MSTR) director exercise in this Form 4?
Patten exercised director stock options for 5,250 shares. The options were Director Stock Options (Right to buy) with a conversion or exercise price of $18.654 per share, delivering Class A Common Stock that was then paired with same-period open-market sales.
What do the footnotes say about the Strategy Inc (MSTR) director’s option vesting?
The footnotes describe the vesting schedule of the exercised options. They state that exercised shares vested on May 31, 2018, and detail remaining option tranches that vested on May 31, 2019 and May 31, 2020, indicating long-standing equity awards rather than newly granted options.
Did the Strategy Inc (MSTR) Form 4 show any preferred stock holdings for the director?
The filing lists several preferred stock holdings. It shows direct holdings of Series A Perpetual Stride Preferred Stock, Series A Perpetual Stretch Preferred Stock, and Series A Perpetual Strife Preferred Stock, with reported post-transaction balances for each class as of May 19, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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