Director at Strategy Inc (MSTR) exercises options and sells 1,500 shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Strategy Inc director Jarrod M. Patten reported an exercise-and-sell transaction in Class A Common Stock. On June 15, 2026, he exercised 1,500 Director Stock Options at $18.236 per share to acquire 1,500 common shares, then sold 1,500 Class A shares in an open-market transaction at a weighted-average price of $133.967 per share. Following these transactions, he directly holds 28,406 Class A Common shares and retains 44,250 options on Class A Common Stock expiring on May 31, 2027. He also 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.
Positive
- None.
Negative
- None.
Insights
Director exercises 1,500 options and sells 1,500 shares in a routine-sized trade.
Director Jarrod M. Patten exercised 1,500 Director Stock Options for Class A Common Stock at an exercise price of $18.236 per share, then sold 1,500 Class A shares at a weighted-average price of $133.967. This is a classic exercise-and-sell pattern that converts an option position into cash.
After these transactions, Patten directly holds 28,406 Class A shares and retains 44,250 remaining options expiring on May 31, 2027, indicating substantial continuing exposure to Strategy Inc equity. The sale of 1,500 shares is small relative to his ongoing position, suggesting a routine liquidity move rather than a large strategic reduction.
Insider Trade Summary
Net Seller: 1,500 shares ($200,951)
Net Sell
6 txns
Insider
Patten Jarrod M
Role
null
Sold
1,500 shs ($201K)
| 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 | $133.967 | $201K |
| 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) — 44,250 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)
- The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $133.950 to $134.030, inclusive. The reporting person undertakes to provide to Strategy Inc ("Strategy"), any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote. The 1,500 shares exercised on June 15, 2026 pursuant to this option vested on May 31, 2018. Of the remaining 44,250 shares pursuant to this option, 6,750 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.
Key Figures
Shares sold: 1,500 shares
Sale price: $133.967 per share
Options exercised: 1,500 options
+5 more
8 metrics
Shares sold
1,500 shares
Class A Common Stock sold on June 15, 2026
Sale price
$133.967 per share
Weighted-average sale price for Class A shares
Options exercised
1,500 options
Director Stock Options converted into Class A shares
Option exercise price
$18.236 per share
Exercise price for Director Stock Options
Common shares held
28,406 shares
Class A Common Stock directly held after transactions
Remaining options
44,250 options
Director Stock Options remaining, expiring May 31, 2027
Stride preferred holdings
5,000 shares
Series A Perpetual Stride Preferred Stock directly held
Stretch preferred holdings
29,335 shares
Series A Perpetual Stretch Preferred Stock directly held
Key Terms
weighted average price, Director Stock Option, open-market sale, Perpetual Preferred Stock
4 terms
weighted average price financial
"The reported price is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
Director Stock Option financial
"Director Stock Option (Right to buy) listed as a derivative security."
open-market sale financial
"transaction_action is described as an 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.
Perpetual Preferred Stock financial
"Series A Perpetual Stride, Stretch, and Strife Preferred Stock holdings."
A perpetual preferred stock is a type of share that behaves like a forever-lasting, fixed-income investment: it pays regular dividends and has no set maturity date, yet it represents ownership rather than a loan. It ranks ahead of common stock for dividend payments and in liquidation, so investors treat it as a mix between a bond and an equity stake; its value depends largely on the issuer’s credit and prevailing interest rates.
FAQ
What insider transactions did Strategy Inc (MSTR) director Jarrod Patten report?
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 a weighted-average price of $133.967 on June 15, 2026, while maintaining a sizable remaining equity position.
What prices were involved in Jarrod Patten’s Strategy Inc (MSTR) Form 4 trades?
Patten exercised 1,500 Director Stock Options at an exercise price of $18.236 per share and sold 1,500 Class A Common shares at a weighted-average price of $133.967, with individual sale prices ranging between $133.950 and $134.030 according to the filing footnote.
Did Jarrod Patten retain Strategy Inc (MSTR) stock options after the reported exercise?
Yes. After exercising 1,500 options, Jarrod M. Patten still holds 44,250 Director Stock Options on Strategy Inc Class A Common Stock. These options carry an exercise price of $18.236 per share and expire on May 31, 2027, providing ongoing potential equity exposure.
What preferred stock holdings did Jarrod Patten report in Strategy Inc (MSTR)?
Patten reported 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, all listed as holdings as of June 15, 2026 in the Form 4.