Director at Strategy Inc (MSTR) sells 1,500 shares after option exercise
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,500 shares ($159,120)
Net Sell
6 txns
Insider
Patten Jarrod M
Role
null
Sold
1,500 shs ($159K)
| 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 | $106.08 | $159K |
| 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) — 41,250 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)
- [object Object]
Key Figures
Shares sold: 1,500 shares
Sale price: $106.08/share
Options exercised: 1,500 shares
+5 more
8 metrics
Shares sold
1,500 shares
Class A Common Stock open-market sale at $106.08 on June 23, 2026
Sale price
$106.08/share
Class A Common Stock open-market transaction
Options exercised
1,500 shares
Director Stock Option exercise at $18.236 on June 23, 2026
Exercise price
$18.236/share
Director Stock Option conversion price
Common shares held after
28,406 shares
Class A Common Stock directly owned after transactions
Options remaining
41,250 options
Director Stock Option total shares following transaction
Stride preferred holdings
5,000 shares
Series A Perpetual Stride Preferred Stock directly owned
Stretch preferred holdings
29,335 shares
Series A Perpetual Stretch Preferred Stock directly owned
Key Terms
open-market sale, derivative security, 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 security financial
"Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
Director Stock Option (Right to buy) financial
"Director Stock Option (Right to buy)"
Series A Perpetual Stride Preferred Stock financial
"Series A Perpetual Stride Preferred Stock"
Series A Perpetual Stretch Preferred Stock financial
"Series A Perpetual Stretch Preferred Stock"
Series A Perpetual Strife Preferred Stock financial
"Series A Perpetual Strife Preferred Stock"
FAQ
What did Strategy Inc (MSTR) director Jarrod M. Patten report in this Form 4?
Jarrod M. Patten reported exercising 1,500 director stock options for Class A common stock at $18.236 per share, then selling 1,500 Class A shares at $106.08. After these transactions, he directly holds 28,406 Class A shares and 41,250 director stock options.
What options did the Strategy Inc (MSTR) director exercise in this filing?
He exercised 1,500 shares under a Director Stock Option (Right to buy) with a conversion price of $18.236 per share into Class A common stock. The option still covers 41,250 shares, with various vesting tranches already vested according to the disclosed schedule.
What are Jarrod M. Patten’s holdings in Strategy Inc (MSTR) after these transactions?
Following the transactions, he directly owns 28,406 shares of Class A common stock in Strategy Inc and 41,250 shares underlying a Director Stock Option. The filing also shows direct holdings in several Series A perpetual preferred stock classes with specified share amounts.
What preferred stock holdings for Strategy Inc (MSTR) does the Form 4 show?
The Form 4 lists 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, all held directly by the reporting person as of the transaction date.