Strategy Inc (MSTR) director exercises options and sells 1,500 Class A shares

Rhea-AI Filing Summary

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.

Insider Trade Summary

Net Seller: 1,500 shares ($181,965)

Net Sell 6 txns

Insider Patten Jarrod M

Role null

Sold 1,500 shs ($182K)

Type	Security	Shares	Price	Value
Exercise	Director Stock Option (Right to buy)	1,500	$0.00	--
Exercise	Class A Common Stock	1,500	$18.236	$27K
Sale	Class A Common Stock	1,500	$121.31	$182K
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) — 42,750 shares (Direct, null); Class A Common Stock — 29,906 shares (Direct, null); Series A Perpetual Strife Preferred Stock — 10,000 shares (Direct, null); Series A Perpetual Stretch Preferred Stock — 29,335 shares (Direct, null); Series A Perpetual Stride Preferred Stock — 5,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Shares sold: 1,500 shares Sale price: $121.31/share Options exercised: 1,500 shares +5 more

8 metrics

Shares sold 1,500 shares Class A Common Stock sold at $121.31 on June 17, 2026

Sale price $121.31/share Open-market sale of 1,500 Class A shares

Options exercised 1,500 shares Director Stock Option exercise into Class A Common Stock

Option exercise price $18.236/share Conversion price for Director Stock Option

Common shares held 28,406 shares Class A Common Stock held directly after transactions

Remaining stock options 42,750 options Director Stock Option balance after 1,500-share exercise

Stride preferred holdings 5,000 shares Series A Perpetual Stride Preferred Stock holdings

Stretch preferred holdings 29,335 shares Series A Perpetual Stretch Preferred Stock holdings

Key Terms

open-market sale, derivative exercise/conversion, Director Stock Option (Right to buy), Series A Perpetual Stride Preferred Stock, +2 more

6 terms

open-market sale financial

"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.

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

Director Stock Option (Right to buy) financial

"security_title": "Director Stock Option (Right to buy)""

Series A Perpetual Stride Preferred Stock financial

"security_title": "Series A Perpetual Stride Preferred Stock""

Series A Perpetual Stretch Preferred Stock financial

"security_title": "Series A Perpetual Stretch Preferred Stock""

Series A Perpetual Strife Preferred Stock financial

"security_title": "Series A Perpetual Strife Preferred Stock""

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Form 4 Insider Transactions: What Each Field Means →

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Patten Jarrod M

(Last) (First) (Middle)

C/O STRATEGY INC

1850 TOWERS CRESCENT PLAZA

(Street)

TYSONS CORNER VIRGINIA 22182

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Strategy Inc [ MSTR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/17/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock	06/17/2026		M		1,500	A	$18.236	29,906	D
Class A Common Stock	06/17/2026		S		1,500	D	$121.31	28,406	D
Series A Perpetual Strife Preferred Stock								10,000	D
Series A Perpetual Stretch Preferred Stock								29,335	D
Series A Perpetual Stride Preferred Stock								5,000	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Director Stock Option (Right to buy)	$18.236	06/17/2026		M			1,500	(1)	05/31/2027	Class A Common Stock	1,500	$0	42,750	D

Explanation of Responses:

1. The 1,500 shares exercised on June 17, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 42,750 shares pursuant to this option, 5,250 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, 12,500 shares vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.

	/s/ Allein Sabel, Attorney-in-Fact	06/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transactions did Strategy Inc (MSTR) director Jarrod Patten report?

Jarrod Patten exercised options for 1,500 Strategy Inc Class A shares at $18.236 and sold 1,500 shares at $121.31 on June 17, 2026. The filing shows a linked exercise-and-sale sequence rather than a standalone market purchase.

How many Strategy Inc (MSTR) Class A shares does Jarrod Patten hold after these transactions?

After the reported transactions, Jarrod Patten directly holds 28,406 Strategy Inc Class A Common Stock shares. This figure reflects his position following the 1,500-share option exercise and the matching 1,500-share open-market sale on June 17, 2026.

What stock option activity did Strategy Inc (MSTR) disclose for Jarrod Patten?

Strategy Inc disclosed that Jarrod Patten exercised a Director Stock Option covering 1,500 shares at a conversion price of $18.236. Following this exercise, 42,750 option shares remain outstanding, with tranches that vested between May 31, 2018 and May 31, 2021.

Did the Strategy Inc (MSTR) Form 4 show an open-market sale by Jarrod Patten?

Yes. The Form 4 reports an open-market sale of 1,500 Strategy Inc Class A shares at $121.31 per share. This sale coincided with the exercise of 1,500 stock options, forming an exercise-and-sell transaction pattern on June 17, 2026.

What preferred stock holdings of Strategy Inc (MSTR) does Jarrod Patten report?

Jarrod Patten reports direct holdings of three Strategy Inc preferred series: 5,000 shares of Series A Perpetual Stride Preferred, 29,335 shares of Series A Perpetual Stretch Preferred, and 10,000 shares of Series A Perpetual Strife Preferred, all shown as holdings on June 17, 2026.