Strategy Inc director exercises options and sells shares
Strategy Inc director Jarrod M. Patten exercised stock options and sold shares on the same day.
Sentiment and the balance of points
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Form Type
4
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten exercised stock options and sold shares on the same day. He exercised options to acquire 700 shares of Class A Common Stock at $18.654 per share, then sold 700 shares in an open-market transaction at $137.37 per share. Following these transactions, he directly holds 28,000 shares of Class A Common Stock. A related option award remains outstanding for 49,300 shares, with tranches that vested between May 31, 2017 and May 31, 2020. He also reports direct holdings of several Series A Perpetual Preferred Stock classes.
Insider Trade Summary
Exercise and Sale: 700 shares ($83K approx. pre-tax spread)
Exercise and Sale
6 txns
Insider
Patten Jarrod M
Role
Director
Sold
700 shs ($96K)
Approx. gross sale proceeds
$96K
Approx. exercise cost
$13K
Approx. pre-tax spread
$83K
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy) | 700 | $0.00 | $0.00 |
| Exercise | Class A Common Stock | 700 | $18.654 | $13K |
| Sale | Class A Common Stock | 700 | $137.37 | $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) — 49,300 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 (1)
- F1. The 700 shares exercised on March 26, 2026 pursuant to this option vested on May 31, 2017. Of the remaining 49,300 shares subject to this option, 11,800 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: 700 shares
Option exercise price: $18.654 per share
Shares sold: 700 shares
+5 more
8 metrics
Options exercised
700 shares
Director Stock Option exercise on March 26, 2026
Option exercise price
$18.654 per share
Exercise price for 700-share option
Shares sold
700 shares
Class A Common Stock open-market sale
Sale price
$137.37 per share
Price for 700-share open-market sale
Common shares held after
28,000 shares
Class A Common Stock directly owned post-transaction
Remaining option shares
49,300 shares
Shares still subject to Director Stock Option
Strife Preferred holding
10,000 shares
Series A Perpetual Strife Preferred Stock directly held
Stretch Preferred holding
29,335 shares
Series A Perpetual Stretch Preferred Stock directly held
Key Terms
Director Stock Option, open-market sale, Series A Perpetual Strife Preferred Stock, Series A Perpetual Stretch Preferred Stock, +1 more
5 terms
Director Stock Option financial
"Director Stock Option (Right to buy) exercised for 700 shares"
open-market sale financial
"transaction_code_description: Sale in open market or private transaction"
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
"Series A Perpetual Strife Preferred Stock listed as a holding"
Series A Perpetual Stretch Preferred Stock financial
"Series A Perpetual Stretch Preferred Stock with 29,335 shares"
vesting financial
"shares exercised on March 26, 2026 pursuant to this option vested on May 31, 2017"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did MSTR director Jarrod Patten report?
Director Jarrod M. Patten reported exercising options for 700 shares of Strategy Inc Class A Common Stock at $18.654 per share, then selling 700 shares at $137.37 per share. The filing reflects a combined exercise-and-sale pattern on the same date.
What options did Jarrod Patten exercise in this MSTR Form 4 filing?
Jarrod M. Patten exercised a Director Stock Option covering 700 shares of Strategy Inc Class A Common Stock at an exercise price of $18.654 per share. The option originally vested in tranches between May 31, 2017 and May 31, 2020 according to the footnote.
Does Jarrod Patten still have unexercised options in MSTR after this filing?
Yes. After exercising 700 shares under the Director Stock Option, the filing notes that 49,300 shares remain subject to the option. These remaining shares vest across tranches that were scheduled between 2017 and 2020, as detailed in the footnote.
What preferred stock holdings does the MSTR director report?
The director reports direct holdings in several Strategy Inc preferred series: 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, all listed as ongoing holdings.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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