Director Graham Stephen X exercised 30,000 shares at a strike of $18.24 and sold $11,421,864 worth of shares (30,000 units at $380.73) (SEC Form 4)
$MSTR
Computer Software: Prepackaged Software
Technology
| 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 |
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| 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
MICROSTRATEGY Inc [ MSTR ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/13/2024 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 11/13/2024 | M | 30,000 | A | $18.236 | 36,970(1) | D | |||
| Class A Common Stock | 11/13/2024 | S | 8,200 | D | $379.87(2) | 28,770 | D | |||
| Class A Common Stock | 11/13/2024 | S | 15,700 | D | $380.72(3) | 13,070 | D | |||
| Class A Common Stock | 11/13/2024 | S | 6,037 | D | $381.9(4) | 7,033 | D | |||
| Class A Common Stock | 11/13/2024 | S | 63 | D | $382.47 | 6,970 | D | |||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Director Stock Option (Right to buy) | $18.236(5) | 11/13/2024 | M | 30,000(5) | (5) | 05/31/2027 | Class A Common Stock | 30,000 | $0 | 20,000(6) | D | ||||
| Explanation of Responses: |
| 1. On August 7, 2024, the Issuer effected a 10-for-1 forward stock split. See Exhibit A for additional information. |
| 2. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $379.21 to $380.14, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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. |
| 3. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $380.25 to $381.20, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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. |
| 4. The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $381.32 to $382.30, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, 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. |
| 5. As a result of the Stock Dividend, effective August 7, 2024, the exercise price of this option decreased from $182.36 per share to $18.236 per share and the number of shares underlying this option increased from 5,000 shares to 50,000 shares. Of the 30,000 shares exercised on November 13, 2024 pursuant to this option, 12,500 shares vested on May 31, 2018, 12,500 shares vested on May 31, 2019, and 5,000 shares vested on May 31, 2020. Of the remaining 20,000 shares subject to this option, 7,500 shares vested on May 31, 2020 and 12,500 shares vested on May 31, 2021. |
| 6. See Exhibit A. |
| /s/ Joseph Phillips, Attorney-in-Fact | 11/14/2024 | |
| ** 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. | ||