Strategy Inc (MSTR) director exercises 2,000 options and sells 2,000 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
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.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 2,000 shares ($356,313)
Net Sell
9 txns
Insider
Patten Jarrod M
Role
null
Sold
2,000 shs ($356K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Director Stock Option (Right to buy | 2,000 | $0.00 | -- |
| Exercise | Class A Common Stock | 2,000 | $18.654 | $37K |
| Sale | Class A Common Stock | 500 | $175.00 | $88K |
| Sale | Class A Common Stock | 500 | $178.00 | $89K |
| Sale | Class A Common Stock | 500 | $180.00 | $90K |
| Sale | Class A Common Stock | 500 | $179.625 | $90K |
| 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 — 35,800 shares (Direct, null);
Class A Common Stock — 30,000 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
Class A shares sold: 2,000 shares
Sale prices: $175.000–$180.000/share
Options exercised: 2,000 shares
+5 more
8 metrics
Class A shares sold
2,000 shares
Open-market sales on April 22, 2026 at $175.00–$180.00
Sale prices
$175.000–$180.000/share
Four 500-share Class A sales on April 22, 2026
Options exercised
2,000 shares
Director stock option exercise into Class A Common Stock
Option exercise price
$18.654/share
Exercise price for 2,000 Class A shares
Remaining option shares
35,800 shares
Shares still subject to director stock option after exercise
Stride Preferred holding
5,000 shares
Series A Perpetual Stride Preferred Stock, direct holding
Stretch Preferred holding
29,335 shares
Series A Perpetual Stretch Preferred Stock, direct holding
Strife Preferred holding
10,000 shares
Series A Perpetual Strife Preferred Stock, direct holding
Key Terms
open-market sale, derivative exercise/conversion, Director Stock Option, Series A Perpetual Stride Preferred Stock, +2 more
6 terms
open-market sale financial
"transaction_action": "open-market sale""
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 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""
FAQ
What insider transactions did Strategy Inc (MSTR) report for Patten Jarrod M?
The filing shows Patten Jarrod M exercised options for 2,000 Class A shares at $18.654 and reported open-market sales of 2,000 Class A shares at prices between $175.00 and $180.00, all dated April 22, 2026.
What stock option activity did the Strategy Inc (MSTR) Form 4 disclose?
The Form 4 discloses a director stock option exercise for 2,000 shares of Class A Common Stock at an exercise price of $18.654 per share. A related footnote explains vesting history and states 35,800 shares remain subject to this option after the exercise.
What preferred stock holdings does Patten Jarrod M report in Strategy Inc (MSTR)?
He 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 as of the April 22, 2026 Form 4.
Is the Strategy Inc (MSTR) Form 4 mainly a buy or sell event?
The Form 4 reflects both acquisition and disposition activity. It combines a 2,000-share option exercise to acquire Class A Common Stock with open-market sales totaling 2,000 Class A shares, resulting in a mixed, exercise-and-sell pattern.