STOCK TITAN

Strategy Inc (MSTR) EVP buys 111 preferred shares in open-market trades

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Strategy Inc executive Thomas C. Chow, EVP & General Counsel, bought preferred stock in the company. On this Form 4, he reported open-market purchases of 11 shares of Series A Perpetual Strike Preferred Stock at $66.10 per share and 100 shares of Series A Perpetual Stretch Preferred Stock at $92.71 per share.

All 111 shares are held directly, and the post-transaction holdings for each preferred series match the amounts purchased, indicating new positions rather than additions to prior stakes.

Positive

  • None.

Negative

  • None.
Insider Chow Thomas C.
Role EVP & General Counsel
Bought 111 shs ($10K)
Type Security Shares Price Value
Purchase Series A Perpetual Stretch Preferred Stock 100 $92.71 $9K
Purchase Series A Perpetual Strike Preferred Stock 11 $66.10 $727.10
Holdings After Transaction: Series A Perpetual Stretch Preferred Stock — 100 shares (Direct, null); Series A Perpetual Strike Preferred Stock — 11 shares (Direct, null)
Footnotes (1)
Series A Strike purchase 11 shares at $66.10 Series A Perpetual Strike Preferred Stock open-market buy
Series A Stretch purchase 100 shares at $92.71 Series A Perpetual Stretch Preferred Stock open-market buy
Total preferred shares bought 111 shares Net buy across two non-derivative transactions
Post-trade Strike holdings 11 shares Series A Perpetual Strike Preferred Stock held directly after trade
Post-trade Stretch holdings 100 shares Series A Perpetual Stretch Preferred Stock held directly after trade
Open-market purchase financial
"transaction_action: "open-market purchase" for both preferred stock buys"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
Series A Perpetual Strike Preferred Stock financial
"security_title: "Series A Perpetual Strike Preferred Stock" in first transaction"
Series A Perpetual Stretch Preferred Stock financial
"security_title: "Series A Perpetual Stretch Preferred Stock" in second transaction"
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SEC Form 4
FORM 4UNITED 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*
Chow Thomas C.

(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)
Director10% Owner
XOfficer (give title below)Other (specify below)
EVP & General Counsel
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Series A Perpetual Stretch Preferred Stock06/16/2026P100A$92.71100D
Series A Perpetual Strike Preferred Stock06/16/2026P11A$66.111D
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
/s/ Allein Sabel, Attorney-in-Fact06/17/2026
** Signature of Reporting PersonDate
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 transaction did MSTR executive Thomas C. Chow report?

Thomas C. Chow reported buying preferred shares of Strategy Inc. He acquired 11 Series A Perpetual Strike Preferred shares at $66.10 and 100 Series A Perpetual Stretch Preferred shares at $92.71, all through open-market purchases reported on a Form 4.

How many Strategy Inc (MSTR) preferred shares did Thomas C. Chow buy?

Thomas C. Chow bought a total of 111 preferred shares of Strategy Inc. This included 11 shares of Series A Perpetual Strike Preferred Stock and 100 shares of Series A Perpetual Stretch Preferred Stock, according to the Form 4 filing.

What prices did MSTR executive Thomas C. Chow pay for the preferred shares?

He paid $66.10 per share for 11 shares of Series A Perpetual Strike Preferred Stock and $92.71 per share for 100 shares of Series A Perpetual Stretch Preferred Stock. Both transactions were reported as open-market purchases on the same transaction date.

Are Thomas C. Chow’s MSTR preferred share holdings direct or indirect?

All reported preferred share holdings are direct. The Form 4 lists ownership type as direct for both the 11 Series A Perpetual Strike Preferred shares and the 100 Series A Perpetual Stretch Preferred shares, with no indirect ownership entities disclosed.

Did the MSTR Form 4 show any insider sales by Thomas C. Chow?

No insider sales were reported for Thomas C. Chow in this Form 4. The transaction summary shows two open-market purchases totaling 111 preferred shares, with zero reported sales, gifts, tax withholdings, or derivative exercises.