Strategy Inc Form 4 Filings

For Strategy Inc (MSTR), director Jarrod M. Patten reported an option exercise and related share sales. On August 27, 2026, he exercised 1,850 Director Stock Options at an exercise price of $18.236 per share into Class A common stock, leaving 26,750 options outstanding under that grant. He then sold 1,850 Class A shares in two transactions of 925 shares each at $129.00 and $131.00 per share. He also reports continuing direct holdings of several Series A perpetual preferred stock classes.

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.

Strategy Inc director Jarrod M Patten exercised stock options for a total of 3,800 shares of Class A Common Stock on August 7, 2026 at an exercise price of $18.236 per share, then sold the same 3,800 shares in three tranches at prices of $101.5000, $102.6900, and $104.0350 per share. The filing also reports direct holdings of 10,000, 29,335, and 5,000 shares of three Series A Perpetual Preferred Stock classes.

Strategy Inc director Jarrod M. Patten exercised stock options for 1,950 Class A Common shares on July 24 and again for 1,950 shares on July 27, 2026 at an exercise price of $18.236 per share. He then sold 1,950 shares on July 24 at $92.455 per share and 1,950 shares on July 27 at $98.480 per share. Footnotes state these exercises draw on a larger option grant with 36,100 shares still subject to the option. The filing also reports direct holdings of 10,000, 29,335 and 5,000 shares of three Series A perpetual preferred stock classes.

Strategy Inc director Jarrod M Patten exercised options for 1,250 shares of Class A Common Stock at $18.236 per share on July 22, 2026, then sold 1,250 shares at $100 per share. He retains options on 40,000 shares and direct holdings in several Series A perpetual preferred stocks.

Strategy Inc director Jarrod M. Patten reported an option exercise and related share sale. He exercised 1,500 shares of Class A common stock at $18.236 per share through a director stock option, then sold 1,500 shares in an open-market transaction at $106.08 per share, leaving 28,406 Class A shares held directly and 41,250 director stock options outstanding.

Strategy Inc President & CEO Phong Le, through the Phong Le Revocable Trust, reported an open-market purchase of 11,000 shares of Series A Perpetual Stretch Preferred Stock at a weighted average price of $90.796 per share. The shares were bought in multiple trades between $90.66 and $90.87. After this transaction, the trust holds 11,000 Stretch preferred shares. Separately, Le directly holds 126,323 shares of Class A Common Stock, 8,009 shares of Stretch preferred, 6,000 shares of Strife preferred, and 4,500 shares of Stride preferred, plus smaller indirect Stretch preferred holdings for three minor children.

Strategy Inc director Jarrod M. Patten reported an option exercise and related share sale. On June 17, 2026, he exercised options to acquire 1,500 shares of Class A Common Stock at $18.236 per share and sold 1,500 Class A shares at $121.31 per share.

After these transactions, he directly holds 28,406 Class A shares. He also holds 5,000 shares of Series A Perpetual Stride Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, 10,000 shares of Series A Perpetual Strife Preferred Stock, and 42,750 director stock options that vested over prior years.

Strategy Inc director Jarrod M. Patten reported an exercise-and-sell transaction in Class A Common Stock. On June 15, 2026, he exercised 1,500 Director Stock Options at $18.236 per share to acquire 1,500 common shares, then sold 1,500 Class A shares in an open-market transaction at a weighted-average price of $133.967 per share. Following these transactions, he directly holds 28,406 Class A Common shares and retains 44,250 options on Class A Common Stock expiring on May 31, 2027. He also 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.

Strategy Inc executive Thomas C. Chow, EVP & General Counsel, bought preferred stock in the company. On this Form 4, he reported open-market purchases of 11 shares of Series A Perpetual Strike Preferred Stock at $66.10 per share and 100 shares of Series A Perpetual Stretch Preferred Stock at $92.71 per share.

All 111 shares are held directly, and the post-transaction holdings for each preferred series match the amounts purchased, indicating new positions rather than additions to prior stakes.

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.

Strategy Inc EVP & CFO Andrew Kang reported a mix of stock sales and equity awards in this Form 4. He sold a total of 1,949 shares of Class A common stock in open-market transactions on June 9, 2026 at weighted average prices around $123–$125 per share, leaving him with 71,044 shares held directly.

These sales were made under a pre-arranged Rule 10b5-1 instruction letter dated May 2, 2024 to cover tax withholding tied to restricted stock units that vested on June 5, 2026 and were settled into 4,260 shares on June 8, 2026. An additional 4,260 restricted stock units are scheduled to vest on June 5, 2027, indicating ongoing equity-based compensation.

Strategy Inc VP & CAO Jeanine Montgomery reported RSU vesting and related share sales in Class A common stock of Strategy Inc (MSTR). On June 8, 2026, she exercised 1,140 restricted stock units, receiving the same number of Class A shares at a stated price of $0.0000 per share, bringing her direct holdings to 11,563 shares.

On June 9, 2026, she executed three open-market sales totaling 354 shares at weighted-average prices of $123.3840, $124.3260, and $124.8780 per share, under a Rule 10b5-1 instruction letter entered on May 3, 2024 to satisfy tax withholding obligations tied to the RSU vesting and settlement. After these transactions, she directly owns 11,209 Class A shares and has 1,140 restricted stock units scheduled to vest on June 5, 2027.

Strategy Inc President & CEO Le Phong exercised equity awards and sold shares primarily to cover taxes. On June 3, 2026, 190,740 performance stock units vested and were converted into the same number of Class A common shares after Strategy’s 10-for-1 stock split. This vesting followed the Compensation Committee’s certification that total stockholder return for the three-year period from June 1, 2023 through May 31, 2026 exceeded the 75th percentile of companies in the Nasdaq Composite Index, producing a 200% payout factor.

On June 5, 2026, he sold 93,738 Class A common shares in multiple open-market transactions at weighted average prices generally between $114.595 and $125.19. According to the disclosure, these sales were executed under a pre-arranged Rule 10b5-1 instruction letter dated May 7, 2024 and were made solely to satisfy tax withholding obligations arising from the PSU vesting. Following the transactions, Phong directly held 119,925 Class A common shares.

Strategy Inc EVP & CFO Andrew Kang reported a mix of equity vesting and related share sales. On June 3, 2026, 68,120 performance stock units (PSUs) vested after Strategy’s three-year total stockholder return exceeded the >75th percentile of Nasdaq Composite companies, triggering a 200% Payout Factor. Each PSU converted into one share of Class A common stock at a price of $0.00. On June 5, 2026, he sold 33,062 shares of Class A common stock in open-market transactions at weighted-average prices generally ranging from about $114.595 to $125.19. According to the footnotes, these sales were executed under a pre-arranged Rule 10b5-1 instruction letter and were made solely to cover tax withholding obligations arising from the PSU vesting. After these transactions, Kang directly holds 68,733 shares of Class A common stock, along with 2,250 shares of Series A Perpetual Stride Preferred Stock, 2,800 shares of Series A Perpetual Stretch Preferred Stock, and 1,500 shares of Series A Perpetual Strife Preferred Stock.

Strategy Inc director Peter L. Briger Jr. reported new equity awards and existing indirect holdings. He received a grant of 943 restricted stock units and 1,221 director stock options under the Strategy Inc Equity Incentive Plan, which provides annual automatic equity awards with an aggregate fair value of $300,000 to each non-employee director.

The RSUs and options each relate to Class A common stock, with each RSU representing a right to one share. Both the 943 RSUs and 1,221 options are scheduled to vest on the first anniversary of the grant date, and the options carry a $159.09 exercise price and expire on May 31, 2036.

The filing also notes 220,000 shares of Series A Perpetual Stretch Preferred Stock held indirectly through 726 BF LLC. Briger is the manager of that LLC and disclaims beneficial ownership of those preferred shares except to the extent of his pecuniary interest.

Strategy Inc director Gregg Winiarski reported equity compensation activity and a routine option exercise. He exercised 406 Restricted Stock Units (RSUs) that vested in full on May 31, 2026, receiving 406 shares of Class A common stock and bringing his direct common stock holdings to 1,092 shares.

On the same date, he received new awards under the Strategy Inc Equity Incentive Plan: 943 RSUs and a director stock option for 1,221 shares of Class A common stock at an exercise price of $159.09 per share, both scheduled to vest on the first anniversary of the grant date. Following these grants, he holds 943 RSUs and 1,221 options directly, along with 10,000 shares of Series A Perpetual Stretch Preferred Stock.

Strategy Inc director Carl J. Rickertsen reported equity-related transactions involving company stock. He exercised 406 vested restricted stock units, receiving 406 shares of Class A common stock and bringing his direct holdings to 5,406 shares.

He was also granted 943 new restricted stock units and a director stock option for 1,221 shares of Class A common stock at an exercise price of $159.09 per share. According to the equity incentive plan, these annual automatic awards have an aggregate fair value of $300,000, split evenly between RSUs and options, and the new RSUs and options are scheduled to vest on the first anniversary of the grant date.

Strategy Inc director Jarrod M. Patten reported routine equity compensation activity, with no open‑market buying or selling. On May 31, 2026, 406 restricted stock units vested in full and were settled into 406 shares of Class A common stock, increasing his direct holdings to 28,406 Class A shares.

Patten also received new awards under Strategy Inc’s Equity Incentive Plan: 943 restricted stock units and a director stock option for 1,221 shares of Class A common stock at an exercise price of $159.09 per share, expiring on May 31, 2036. Following these awards, he directly holds the new RSUs and options in addition to existing preferred stock positions.

Strategy Inc director Stephen X. Graham reported routine equity compensation activity. On May 31, 2026, 406 restricted stock units vested in full and were settled into 406 shares of Class A common stock, bringing his direct holdings to 8,356 shares.

On the same date, he received new annual equity awards under the Strategy Inc Equity Incentive Plan, which targets an aggregate fair value of $300,000 split evenly between restricted stock units and options for each non-employee director. The awards included 943 RSUs and 1,221 stock options with a $159.0900 exercise price, each scheduled to vest in full on the first anniversary of the grant date.

Strategy Inc director Jane A. Dietze reported routine equity compensation and related vesting for May 31, 2026. She acquired 406 shares of Class A common stock through the exercise of previously granted Restricted Stock Units (RSUs) that vested in full on that date, bringing her direct common stock holdings to 1,092 shares.

On the same date, she received new awards under the Strategy Inc Equity Incentive Plan, which provides annual automatic equity grants with an aggregate fair value of $300,000 split evenly between RSUs and options for each non-employee director. The awards included 943 RSUs, each representing one share of Class A common stock, and a director stock option for 1,221 shares at an exercise price of $159.09 per share. Both the 943 RSUs and the 1,221-share option are scheduled to vest on the first anniversary of the grant date. She also reported a direct holding of 3,600 shares of Series A Perpetual Stretch Preferred Stock as of the same date.

Strategy Inc director Brian P. Brooks increased his equity-based compensation exposure through routine awards and an option-related share delivery. He received 943 restricted stock units and 1,221 director stock options with a $159.09 exercise price, both scheduled to vest on the first anniversary of the May 31, 2026 grant date. On the same date, 406 previously granted RSUs vested and were converted into 406 shares of Class A common stock, bringing his direct holdings of common stock to 1,092 shares.

Strategy Inc director Jarrod M. Patten reported a series of option exercises and stock sales in Class A Common Stock. On May 28–29, 2026, he exercised stock options to acquire a total of 22,300 shares at exercise prices of $18.236 and $18.654 per share, then sold 22,300 shares in open-market transactions.

The sales occurred at weighted-average prices with ranges including $145.280–$146.200, $150.620–$151.120, and $161.610–$162.000, as disclosed in footnotes. The filing also notes direct holdings of several Series A perpetual preferred stock classes. Patten continues to hold a direct equity stake in Strategy Inc following these transactions.

Strategy Inc director Jarrod M. Patten reported an option exercise and share sale involving Class A common stock. On May 26, 2026, he exercised options to acquire 1,250 shares at $18.654 per share and sold 1,250 shares at $165.30 per share in an open-market transaction.

Following these transactions, Patten directly holds 28,000 shares of Class A common stock and 18,050 shares remain subject to his director stock option, according to the footnote. He also directly holds 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.

Strategy Inc President & CEO Le Phong reported small indirect open-market purchases of the company’s preferred stock on May 22, 2026. Accounts for Minor Child 1 bought 50 shares of Series A Perpetual Stretch Preferred Stock at $99.41 per share, and accounts for Minor Child 3 bought 5 shares at $99.37 per share.

After these trades, the filing shows indirect holdings of 121 and 33 shares of this preferred stock for Minor Child 1 and Minor Child 3, respectively. The filing also lists Le Phong’s direct holdings of 22,923 shares of Class A Common Stock and several series of preferred stock, indicating these family-related purchases are small relative to his overall reported position.

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.

Strategy Inc EVP & CFO Andrew Kang reported an amended insider transaction reflecting a tax-related sale of company stock. On May 19, 2026, he sold 5,597 shares of Class A Common Stock under a pre-arranged Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy tax withholding tied to vesting equity awards.

This amendment does not change the number of shares sold, but corrects the pricing details. The filing states a weighted average sale price of $165.981 per share, with individual trades executed in a price range from $165.455 to $166.00 per share.

Strategy Inc EVP & CFO Andrew Kang reported an RSU vesting and related share sale. On May 18, 2026, 12,500 restricted stock units converted into the same number of Class A common shares at a stated price of $0.00 per share, fully vesting that RSU grant.

On May 19, 2026, Kang sold 5,597 shares of Class A common stock in an open-market transaction at an average price of $165.779 per share, under a Rule 10b5-1 instruction letter entered on May 2, 2024 to satisfy tax withholding obligations tied to previously granted equity awards. After these transactions, he directly holds 33,675 Class A shares.

As of May 18, 2026, he also directly holds 2,250 shares of Series A Perpetual Stride Preferred Stock, 2,800 shares of Series A Perpetual Stretch Preferred Stock, and 1,500 shares of Series A Perpetual Strife Preferred Stock.

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.

Strategy Inc director Jarrod M. Patten reported mixed activity in Class A Common Stock. He sold a total of 3,750 shares in open-market transactions on May 8 and May 11, 2026 at prices between $186.685 and $196.00 per share. He also exercised stock options covering 3,750 shares at a conversion price of $18.654 per share, turning option awards into common stock. After these transactions, he directly holds 28,000 shares of Class A Common Stock. Footnotes indicate additional vested option awards remain outstanding under director stock option grants.

Strategy Inc director Patten Jarrod M reported multiple equity transactions involving the company’s Class A Common Stock and preferred shares. On May 4, 2026, he exercised a director stock option to acquire 2,000 Class A shares at $18.654 per share.

That same day, he reported open-market sales totaling 2,000 Class A shares in four 500‑share trades at prices between $181 and $186. He also reports direct holdings of Series A Perpetual Stride, Stretch, and Strife Preferred Stock, and a footnote indicates 29,800 shares remain subject to the director stock option after this exercise.

Strategy Inc director Jarrod M. Patten reported an exercise-and-sell sequence in Class A Common Stock. On April 30 and May 1, 2026, he sold a total of 4,000 shares in open-market transactions at prices between $161.61 and $178.08 per share. Over the same two days, he exercised director stock options to acquire 4,000 shares at an exercise price of $18.654 per share. Following these transactions, Patten directly holds 28,000 shares of Strategy Inc Class A Common Stock.

Strategy Inc director Patten Jarrod M reported a mix of stock option exercises and share sales. On April 22, 2026, he exercised a director stock option to acquire 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share, then reported open-market sales totaling 2,000 shares at prices between $175.00 and $180.00 per share. A footnote states that this option still covers 35,800 shares after the exercise, reflecting a substantial remaining derivative position. The filing also lists 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.

Director Jarrod M. Patten of Strategy Inc exercised stock options for a total of 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share and sold 2,000 shares in open-market transactions at prices between $165.42 and $172.00 per share. After these transactions, he directly holds 28,000 shares of Class A Common Stock. Footnotes indicate that a director stock option with an exercise price of $18.654 remains outstanding for 37,800 shares following the latest exercise.

Strategy Inc director Jarrod M. Patten reported an exercise-and-sell transaction in Class A Common Stock. On April 13, 2026, he exercised options to acquire a total of 3,400 shares at an exercise price of $18.654 per share and sold the same 3,400 shares in open-market transactions at prices around $130 per share. Following these moves, he held 28,000 Class A Common shares directly. The filing also 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.

Strategy Inc director Jarrod M. Patten exercised stock options and sold shares in coordinated transactions. On April 9, 2026 he exercised options for a total of 1,900 shares of Class A Common Stock at an exercise price of $18.654 per share, drawing on options that had vested in prior years.

On the same date he sold 1,900 Class A Common Stock shares in open-market transactions, including 1,400 shares at $130.075 per share and 500 shares at $132.000 per share. After these trades, he directly held 28,000 shares of Class A Common Stock, along with 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.

Strategy Inc director Patten Jarrod M exercised stock options and sold shares of Class A common stock. On April 7 and 8, 2026, he exercised a total of 2,100 options at $18.654 per share and acquired the same number of shares.

He then sold 2,100 shares in open-market transactions at weighted average prices of about $123.109 and $131.770. After these trades, he holds 28,000 Class A shares directly, stock options on 45,100 shares, and direct holdings of several Series A perpetual preferred stock classes.

Strategy Inc director Jarrod M. Patten exercised stock options for 700 shares of Class A Common Stock on March 31, 2026 and another 700 shares on April 1, 2026 at an exercise price of $18.654 per share.

On the same dates he sold 700 shares at a weighted average price of about $122.007 and 700 shares at $124.640 in open-market transactions. Following these trades, he directly held 28,000 Class A Common shares, along with disclosed holdings of Series A Perpetual preferred stock classes.

Strategy Inc director Patten Jarrod M exercised stock options and made a small related share sale. On March 30, 2026, he exercised options for 700 shares of Class A Common Stock at $18.654 per share, then sold 700 shares in an open-market transaction at $128.04 per share, a typical exercise-and-sell pattern that converts options into cash.

After these transactions, he directly holds 28,000 shares of Class A Common Stock and retains an option covering 48,600 additional shares. The footnote explains that the option shares vest in tranches between May 31, 2017 and May 31, 2020. The filing also lists direct holdings of several Series A perpetual preferred stock classes as of the same date.

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.

Strategy Inc VP & CAO Jeanine Montgomery reported routine equity transactions linked to restricted stock units (RSUs). On March 23, 2026, she acquired 1,560 shares of Class A common stock at $0.00 per share through the vesting and settlement of RSUs. The next day, she sold a total of 470 shares of Class A common stock in open-market transactions at weighted average prices between $137.370 and $139.550. According to the disclosure, these sales were made under a pre-arranged Rule 10b5-1 instruction letter solely to satisfy tax withholding obligations from the RSU vesting. After the transactions, she directly held 10,423 shares of Class A common stock, 3,120 RSUs scheduled to vest in equal installments in 2027 and 2028, and 5,000 shares of Series A perpetual preferred stock.

Strategy Inc EVP & CFO Andrew Kang exercised restricted stock units and sold shares in linked transactions. On March 23, 2026, 5,330 restricted stock units converted into the same number of shares of Class A common stock at a conversion price of $0.00. On March 24, 2026, he sold a total of 2,373 Class A shares in open-market trades at weighted-average prices between approximately $137.37 and $139.55 to satisfy tax withholding obligations tied to the RSU vesting, under a pre-established Rule 10b5-1 instruction letter. After these transactions, he directly holds 26,772 Class A shares and has 10,650 RSUs scheduled to vest in equal annual installments on March 21, 2027 and March 21, 2028.

Strategy Inc President & CEO Le Phong reported a mix of stock sales and equity vesting transactions. On March 24, 2026, Le Phong sold 3,299 shares of Class A Common Stock in open-market transactions at weighted average prices ranging from $137.37 to $139.55. According to the disclosure, these sales were executed under a Rule 10b5-1 instruction letter and were made solely to pay Strategy Inc the tax withholding obligation arising from restricted stock units that vested on March 21, 2026 and settled on March 23, 2026. On that settlement date, 7,320 restricted stock units were converted into an equal number of Class A shares at no cash exercise price, increasing Le Phong’s direct common share holdings before the tax-driven sales. Following the reported transactions, Le Phong directly holds 22,923 shares of Class A Common Stock and continues to hold several series of preferred stock, while an additional 14,640 restricted stock units are scheduled to vest in two equal annual installments on March 21, 2027 and March 21, 2028.

Strategy Inc President & CEO Le Phong bought additional preferred stock in the company. On March 19, 2026, he made an open-market purchase of 2,509 shares of Series A Perpetual Stretch Preferred Stock at $99.62 per share, bringing his direct holdings of that security to 8,009 shares.

The filing also lists direct holdings of Series A Perpetual Strife Preferred Stock and Class A Common Stock, plus indirect preferred holdings held for three minor children, showing the broader equity position associated with the CEO after this transaction.

Chow Thomas C. reported acquisition or exercise transactions in this Form 4 filing.

Strategy Inc EVP & General Counsel Thomas C. Chow received a grant of 4,481 performance stock units (PSUs). Each PSU is a contingent right to Strategy class A common shares, with the actual number earned ranging from 0% to 200% of this target amount.

The final payout will depend on Strategy’s total shareholder return compared with members of the Nasdaq Composite Index over a three-year period from March 17, 2026 to March 16, 2029. Vesting also requires the Compensation Committee to certify performance and Mr. Chow to remain in service through that date.

Montgomery Jeanine reported acquisition or exercise transactions in this Form 4 filing.

Strategy Inc VP & CAO Jeanine Montgomery received a grant of 2,240 restricted stock units, each representing one share of Class A common stock. The RSUs vest 25 percent on the first anniversary of the grant date and 25 percent on each anniversary thereafter until fully vested.

After this award, she holds 9,333 shares of Class A common stock directly, 5,000 shares of Series A Perpetual Stretch Preferred Stock, and 2,240 RSUs subject to vesting.

Strategy Inc President & CEO Le Phong received new equity awards on March 17, 2026. He was granted options for 26,105 shares of Class A common stock at an exercise price of $150.28 per share, expiring on March 17, 2036. These options vest 25% on the first anniversary of the grant and 25% each year thereafter until fully vested.

Le Phong also received 36,595 restricted stock units, each representing one share of Class A common, vesting 25% annually over four years. In addition, he was granted a target of 20,911 performance stock units, which can pay out between 0% and 200% of the target based on Strategy’s relative total shareholder return versus the Nasdaq Composite Index over a three-year period from March 17, 2026 to March 16, 2029, subject to Compensation Committee certification and continued service.

Strategy Inc EVP & CFO Andrew Kang reported new equity awards, not open-market trades. He received an option grant for 8,391 shares of Class A common stock at an exercise price of $150.28 per share, plus 18,298 restricted stock units and 6,722 target performance stock units.

The option and RSUs each vest 25% on the first anniversary of the March 17, 2026 grant date and 25% on each of the next three anniversaries until fully vested. The performance stock units can settle into 0%–200% of the 6,722 target units based on Strategy’s relative total shareholder return versus the Nasdaq Composite Index over a three-year period from March 17, 2026 to March 16, 2029, subject to Compensation Committee certification and continued service.

Following these awards, Kang directly holds derivative awards tied to Strategy Class A common stock and 23,815 shares of Class A common stock, along with several series of preferred stock reported as direct holdings.

Strategy Inc VP & CAO Jeanine Montgomery exercised 787 restricted stock units into 787 shares of Class A common stock and then sold 260 shares at 137.254 per share. The sale was made under a Rule 10b5-1 instruction letter to cover tax withholding on vesting. She now holds 9,333 Class A shares, 2,361 unvested RSUs scheduled to vest annually from March 11, 2027 through March 11, 2029, and 5,000 shares of Series A Perpetual Stretch Preferred Stock.