Every Form 4 that Strategy Inc (MSTR) has filed with the SEC in the last 12 months is listed below, 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.
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.
Strategy Inc (MSTR) reported insider transactions by its EVP & General Counsel. On November 10–11, 2025, the officer exercised a total of 10,668 employee stock options at an exercise price of $69.123 per share and sold 10,668 shares of Class A common stock pursuant to a Rule 10b5-1 trading plan established on July 11, 2025.
The sales were executed at weighted average prices across multiple trades, with reported ranges from $234.25 to $250.04. Following these transactions, the officer beneficially owned 12,726 Class A common shares directly. The filing notes 189,332 employee stock options remaining outstanding with an expiration date of February 23, 2031. The officer previously informed the issuer of an intention to retire effective December 31, 2025.
Strategy Inc (MSTR) director reported open‑market purchases. On 10/16/2025, the reporting person purchased 11,780 shares of Series A Perpetual Stretch Preferred Stock at $97.946. On 10/17/2025, they purchased 12,000 shares of the same series at a weighted average price of $96.875.
Following these transactions, the director beneficially owned 29,335 shares of the Series A Perpetual Stretch Preferred Stock directly. Additional direct holdings reported include 10,000 shares of Series A Perpetual Strife Preferred Stock, 5,000 shares of Series A Perpetual Stride Preferred Stock, and 28,000 shares of Class A Common Stock.
The price on 10/17/2025 reflects multiple trades within a $96.86–$96.90 range, with full trade‑by‑trade details available upon request.
An executive at Strategy Inc (MSTR) exercised options and sold shares on 10/07/2025. The reporting person exercised an employee stock option to acquire 30,000 Class A shares at an exercise price of $40.46 and immediately sold 30,000 Class A shares in multiple transactions at weighted-average prices between $355.48 and $359.20 (reported weighted averages: $356.051, $357.139, $358.045, $358.82). After these transactions the reporting person’s direct Class A ownership falls to 12,726 shares. The report also lists ownership of several series of preferred stock and shows 99,100 remaining option shares subject to the employee stock option.
Summary of Form 4 filing for Strategy Inc (MSTR)
EVP & General Counsel Shao Wei-Ming reported transactions on 09/18/2025. He exercised an employee stock option to buy 10,000 shares of Class A common stock at an exercise price of $40.46 and immediately sold 10,000 shares in multiple transactions at a weighted-average sale price of $355.789. After these transactions he beneficially owns 12,726 Class A shares. The filer also reports disposal of preferred stakes: 500 shares of Series A Perpetual Strife, 15,000 of Series A Perpetual Stretch, and 3,527 of Series A Perpetual Stride. The option underlying the exercised shares has 129,100 remaining shares subject to it, with specified vesting dates through 02/17/2026.
Strategy Inc EVP & General Counsel Shao Wei-Ming reported an open-market purchase of 12,500 shares of Strategy's Series A Perpetual Stretch Preferred Stock on September 15, 2025. The weighted average purchase price was $96.916 per share, across multiple trades between $96.905 and $96.93.
After this transaction, Shao Wei-Ming directly owned 15,000 shares of Series A Perpetual Stretch Preferred Stock, as well as 500 shares of Series A Perpetual Strife Preferred Stock, 3,527 shares of Series A Perpetual Stride Preferred Stock, and 12,726 shares of Class A Common Stock.