Form 4 for MSTR Strategy Inc
Accepted 2025-11-14 00:00:00 ET · period of report 2025-11-12 · accession 0001193125-25-282918 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| DMT | 2025-11-14 | 2025-11-12+ | MSTR | Shao Wei-Ming | EVP, GC | S - Sale+OE | $225.48 | -7,934 | 32.9K | -19% | -$1.79M |
| DMT | 2025-11-14 | 2025-11-12+ | MSTR | Shao Wei-Ming | EVP, GC | M - OptEx | $48.60 | +27.9K | 35.3K | +378% | +$1.36M |
| DMT | 2025-11-14 | 2025-11-12+ | MSTR | Shao Wei-Ming | EVP, GC | M - OptEx | $0.00 | -27.9K | 181.4K | -13% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Class A Common Stock | 2025-11-12 | S | D | 853 | $224.77 | 35,031 | D | — | — | (F6) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $224.45 to $225.448, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 2 | Common | Class A Common Stock | 2025-11-12 | S | D | 126 | $234.43 | 32,726 | D | — | — | (F15) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.34 to $234.80, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 3 | Common | Class A Common Stock | 2025-11-13 | S | D | 2,600 | $223.67 | 32,726 | D | — | — | (F16) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.10 to $224.04, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 4 | Common | Class A Common Stock | 2025-11-12 | M | A | 20,000 | $40.46 | 32,726 | D | — | — | |
| 5 | Common | Class A Common Stock | 2025-11-12 | M | A | 5,334 | $69.12 | 38,060 | D | — | — | |
| 6 | Common | Class A Common Stock | 2025-11-12 | S | D | 309 | $220.62 | 37,751 | D | — | — | (F2) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $220.235 to $221.115, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 7 | Common | Class A Common Stock | 2025-11-12 | S | D | 511 | $221.90 | 37,240 | D | — | — | (F3) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $221.37 to $222.240, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 8 | Common | Class A Common Stock | 2025-11-12 | S | D | 629 | $222.92 | 36,611 | D | — | — | (F4) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $222.430 to $223.426, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 9 | Common | Class A Common Stock | 2025-11-12 | S | D | 727 | $224.06 | 35,884 | D | — | — | (F5) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $223.446 to $224.415, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 10 | Common | Class A Common Stock | 2025-11-13 | M | A | 2,600 | $69.12 | 35,326 | D | — | — | |
| 11 | Common | Class A Common Stock | 2025-11-12 | S | D | 342 | $226.00 | 34,689 | D | — | — | (F7) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $225.505 to $226.460, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 12 | Common | Class A Common Stock | 2025-11-12 | S | D | 455 | $227.02 | 34,234 | D | — | — | (F8) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $226.56 to $227.50, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 13 | Common | Class A Common Stock | 2025-11-12 | S | D | 111 | $227.89 | 34,123 | D | — | — | (F9) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $227.665 to $228.03, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 14 | Common | Class A Common Stock | 2025-11-12 | S | D | 48 | $229.20 | 34,075 | D | — | — | (F10) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $228.81 to $229.77, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 15 | Common | Class A Common Stock | 2025-11-12 | S | D | 198 | $230.44 | 33,877 | D | — | — | (F11) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $230.02 to $231.00, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 16 | Common | Class A Common Stock | 2025-11-12 | S | D | 187 | $231.70 | 33,690 | D | — | — | (F12) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $231.27 to $232.05, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 17 | Common | Class A Common Stock | 2025-11-12 | S | D | 348 | $232.96 | 33,342 | D | — | — | (F13) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $232.27 to $233.26, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 18 | Common | Class A Common Stock | 2025-11-12 | S | D | 490 | $233.76 | 32,852 | D | — | — | (F14) The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $233.32 to $234.27, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the SEC, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote. |
| 19 | Derivative | Employee Stock Option (Right to buy) | 2025-11-12 | M | D | 5,334 | $0.00 | 183,998 | D | $69.12 · — to 2031-02-23 | 5,334 Class A Common Stock | (F18) The 5,334 shares exercised on November 12, 2025 pursuant to this option vested on February 23, 2022. Of the remaining 183,998 shares subject to this option, 33,998 shares vested on February 23, 2022, 50,000 shares vested on February 23, 2023, 50,000 shares vested on February 23, 2024 and 50,000 shares vested on February 23, 2025. |
| 20 | Derivative | Employee Stock Option (Right to buy) | 2025-11-12 | M | D | 20,000 | $0.00 | 79,100 | D | $40.46 · — to 2032-02-17 | 20,000 Class A Common Stock | (F17) The 20,000 shares exercised on November 12, 2025 pursuant to this option vested on February 17, 2025. Of the remaining 79,100 shares subject to this option, 29,100 shares vested on February 17, 2025 and 50,000 shares are scheduled to vest on February 17, 2026. |
| 21 | Derivative | Employee Stock Option (Right to buy) | 2025-11-13 | M | D | 2,600 | $0.00 | 181,398 | D | $69.12 · — to 2031-02-23 | 2,600 Class A Common Stock | (F19) The 2,600 shares exercised on November 13, 2025 pursuant to this option vested on February 23, 2022. Of the remaining 181,398 shares subject to this option, 31,398 shares vested on February 23, 2022, 50,000 shares vested on February 23, 2023, 50,000 shares vested on February 23, 2024 and 50,000 shares vested on February 23, 2025. |