Here are the Form 4 insider transactions from Strategy Inc (MSTR) in our archive over the last 12 months, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A Form 4 covers the transactions officers, directors and large holders report, so if you follow MSTR and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full MSTR filings page.
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.
Strategy Inc President & CEO Le Phong reported routine equity activity involving restricted stock units and a small share sale. On March 11, 2026, 4,473 restricted stock units were exercised, delivering 4,473 shares of Class A common stock at a conversion price of $0.00 per share. On March 12, 2026, Phong then sold 2,034 Class A shares at an average price of $137.254 per share in an open-market transaction.
According to the footnotes, this sale was executed under a pre-arranged Rule 10b5-1 instruction letter dated May 7, 2024 to satisfy tax withholding obligations from prior equity award vesting. Following the sale, Phong directly holds 18,902 shares of Class A common stock. The filing also notes 13,419 remaining RSUs, scheduled to vest in three equal annual installments of 4,473 units on March 11, 2027, March 11, 2028, and March 11, 2029, maintaining significant ongoing equity exposure.
Strategy Inc EVP & CFO Andrew Kang reported both an equity award vest and a small stock sale. On March 11, 2026, he exercised 2,071 restricted stock units (RSUs), receiving the same number of Class A Common shares at a conversion price of $0.00 per share.
On March 12, 2026, he completed an open-market sale of 916 Class A shares at an average price of $137.254 per share. According to the disclosure, this sale was made under a Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy tax withholding obligations from previously granted equity awards.
Following these transactions, Kang directly holds 23,815 Class A Common shares and 6,213 RSUs, which are scheduled to vest in three equal annual installments of 2,071 RSUs each on March 11, 2027, March 11, 2028, and March 11, 2029.
Strategy Inc director Dietze Jane A reported buying additional preferred shares of the company. On January 20, 2026, the director purchased 1,000 shares of Series A Perpetual Stretch Preferred Stock at a weighted average price of $99.485 per share, bringing her holdings of this preferred stock to 3,600 shares held directly. The price reflects multiple trades within a narrow range between $99.480 and $99.489.
The filing also shows that she directly holds 686 shares of Strategy Inc Class A common stock. The disclosure indicates this was a personal, directly held transaction by a board member, adding to her existing preferred stake in the company.
Strategy Inc director Carl J Rickertsen reported an open-market purchase of company stock. On January 12, 2026, he bought 5,000 shares of Strategy Inc Class A common stock at a weighted average price of $155.879 per share in a purchase transaction.
Following this transaction, Rickertsen beneficially owned 5,000 shares of Strategy Inc common stock in direct ownership. The filing notes that the shares were acquired through multiple trades within a price range from $155.77 to $155.88, and detailed trade information is available upon request.
Strategy Inc President & CEO Le Phong filed a Form 4 reporting an indirect purchase of preferred stock through a family account. On 01/08/2026, an account for Minor Child 3 acquired 12 shares of Series A Perpetual Stretch Preferred Stock at $99.99 per share, bringing that account’s holdings in this series to 28 shares. The filing also lists other beneficial holdings, including 6,000 shares of Series A Perpetual Strife Preferred Stock, 5,500 shares of Series A Perpetual Stretch Preferred Stock, 4,500 shares of Series A Perpetual Stride Preferred Stock, smaller indirect preferred holdings for two other minor children, and 16,390 shares of Class A common stock.
Strategy Inc (MSTR) director filed a Form 4 reporting a personal purchase of the company's Series A Perpetual Stretch Preferred Stock. On 11/21/2025, the director bought 1,100 shares at a price of $95.28 per share, a transaction coded as a purchase. Following this trade, the director beneficially owns 2,600 shares of this preferred stock in direct ownership.
Strategy Inc (MSTR) executive vice president and general counsel reported planned stock option exercises and share sales in mid‑November 2025. On November 18, 2025, he exercised options for 2,600 shares of Class A common stock at $69.123 per share and sold 2,600 shares at $200 per share, leaving 32,726 shares owned directly. On November 19, 2025, he repeated this pattern, exercising another 2,600 options at $69.123 and selling 2,600 shares at $202.02 per share, with direct ownership again shown as 32,726 shares.
The filing notes these trades were made under a Rule 10b5‑1 trading plan adopted on July 11, 2025, and references his previously disclosed intention to retire effective December 31, 2025. After these transactions, he continued to hold employee stock options covering 170,998 shares of Class A common stock expiring on February 23, 2031, as well as several series of preferred stock.
Strategy Inc. (MSTR) VP & CAO Form 4 insider activity reports the vesting and settlement of equity awards and a small share sale tied to taxes. On 11/17/2025, 100 restricted stock units converted into 100 shares of Class A common stock, all previously granted awards that vested in full on November 15, 2025. On 11/18/2025, the officer sold 43 Class A shares at $208.548 under a Rule 10b5-1 instruction letter to satisfy tax withholding obligations linked to the vesting. After these transactions, the reporting person beneficially owns 8,733 Class A shares and 5,000 shares of Series A Perpetual Stretch Preferred Stock. Each restricted stock unit had represented a contingent right to receive one share of Class A common stock.
Strategy Inc's EVP and General Counsel, a reporting officer of MSTR, reported option exercises and related stock sales under a prearranged Rule 10b5-1 trading plan. On November 14, 2025, he exercised 2,600 employee stock options at an exercise price of $69.123 per share for Class A common stock, then sold 2,600 shares at $200.48 per share, leaving 32,726 Class A common shares directly owned. On November 17, 2025, he repeated this pattern, exercising another 2,600 options at $69.123 and selling 2,600 shares at $200 per share, with direct ownership again shown as 32,726 Class A shares.
After these transactions, he also reports direct holdings of 500 shares of Series A Perpetual Strife Preferred Stock, 15,000 shares of Series A Perpetual Stretch Preferred Stock, and 3,527 shares of Series A Perpetual Stride Preferred Stock. The filing notes that these trades occur as he prepares to retire effective December 31, 2025, consistent with a previously disclosed retirement plan.
Strategy Inc (MSTR) Form 4: The EVP & General Counsel reported Rule 10b5-1 plan transactions on 11/12–11/13/2025. He exercised stock options for 20,000 shares at $40.46, and additional options for 5,334 and 2,600 shares at $69.123. He sold shares in multiple trades on 11/12 at weighted-average prices across ranges noted in the footnotes (from $220.235 to $234.80), and sold 2,600 shares on 11/13 at a weighted-average price of $223.667. Following the reported transactions, beneficial ownership was 32,726 Class A shares, held directly.
The trades were made pursuant to a Rule 10b5-1 trading plan established on July 11, 2025. The filing also references the officer’s previously disclosed intention to retire effective December 31, 2025.