MicroStrategy Incorporated 8.00% Series A Perpetual Strike Preferred Stock Insider Trading Activity

Accepted by SEC EDGAR 08/07/2025 - 04:30 PM EDT Learn about SEC filing dates

Insider Trade Summary

Exercise and Sale: 6,250 shares ($2.29M approx. pre-tax spread)

Exercise and Sale 3 txns

Insider Kang Andrew

Role EVP & CFO

Sold 6,250 shs ($2.41M)

Approx. gross sale proceeds $2.41M

Approx. exercise cost $123K

Approx. pre-tax spread $2.29M

Share of Position Sold 20.4%

Type	Security	Shares	Price	Value
Exercise	Employee Stock Option (Right to buy)	6,250	$0.00	$0.00
Exercise	Class A Common Stock	6,250	$19.744	$123K
Sale	Class A Common Stock	6,250	$386.32	$2.41M
Holding	Series A Perpetual Stretch Preferred Stock	--	--	--
Holding	Series A Perpetual Stride Preferred Stock	--	--	--
Holding	Series A Perpetual Strife Preferred Stock	--	--	--

Holdings After Transaction: Employee Stock Option (Right to buy) — 106,250 contracts (Direct); Class A Common Stock — 24,460 shares (Direct); Series A Perpetual Stretch Preferred Stock — 2,800 shares (Direct); Series A Perpetual Stride Preferred Stock — 2,250 shares (Direct); Series A Perpetual Strife Preferred Stock — 1,500 shares (Direct)

Holdings Before and After: Employee Stock Option (Right to buy), 112,500 to 106,250 contracts (Direct); Class A Common Stock, 24,460 to 24,460 shares (Direct)

Other Insiders: 2 other insiders reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (1)

1. F1. The 6,250 shares exercised on August 5, 2025 pursuant to this option vested on May 18, 2024. Of the remaining 106,250 shares subject to this option, 31,250 shares vested on May 18, 2024, 37,500 shares vested on May 18, 2025, and 37,500 shares are scheduled to vest on May 18, 2026.

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Form 4 Insider Transactions: What Each Field Means →

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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^*

Kang Andrew

(Last) (First) (Middle)

C/O MICROSTRATEGY INCORPORATED

1850 TOWERS CRESCENT PLAZA

(Street)

TYSONS CORNER VA 22182

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/05/2025

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

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

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

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	08/05/2025		M		6,250	A	$19.744	30,710	D
Class A Common Stock	08/05/2025		S		6,250	D	$386.32	24,460	D
Series A Perpetual Stretch Preferred Stock								2,800	D
Series A Perpetual Stride Preferred Stock								2,250	D
Series A Perpetual Strife Preferred Stock								1,500	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
Employee Stock Option (Right to buy)	$19.744	08/05/2025		M			6,250	(1)	05/18/2032	Class A Common Stock	6,250	$0	106,250	D

Explanation of Responses:

1. The 6,250 shares exercised on August 5, 2025 pursuant to this option vested on May 18, 2024. Of the remaining 106,250 shares subject to this option, 31,250 shares vested on May 18, 2024, 37,500 shares vested on May 18, 2025, and 37,500 shares are scheduled to vest on May 18, 2026.

	/s/ Allein Sabel, Attorney-in-Fact	08/07/2025
	** 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.