Strategy (MSTR)

=== SEC Form 4 — Statement of Changes in Beneficial Ownership === Document Type: 4 Period of Report: 2026-05-31 10b5-1 Pre-arranged Plan: No --- Issuer --- Name: Strategy Inc (MSTR) CIK: 0001050446 --- Reporting Owner --- Name: Patten Jarrod M CIK: 0001309191 Role: Director --- Non-Derivative Transactions --- [Transaction #1] Security: Class A Common Stock Date: 2026-05-31 | Code: M (Exercise of derivative) Shares: +406 Shares Owned After: 28,406 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy"). --- Derivative Transactions --- [Transaction #1] Security: Restricted Stock Units Date: 2026-05-31 | Code: M (Exercise of derivative) Shares: -406 | Price: $0.00 Shares Owned After: 0 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy"). [F2] The 406 RSUs vested in full on May 31, 2026. [F2] The 406 RSUs vested in full on May 31, 2026. [Transaction #2] Security: Director Stock Option (Right to buy) Date: 2026-05-31 | Code: A (Grant or award) Shares: +1,221 | Price: $0.00 Exercisable: N/A | Expires: 2036-05-31 Shares Owned After: 1,221 | Ownership: D (Direct) Footnotes: [F3] These grants were made pursuant to the Strategy Inc Equity Incentive Plan, as amended, which provides for the annual automatic grant of equity awards with an aggregate fair value of $300,000 (split evenly between RSUs and options) to each non-employee director on May 31 of each year. [F4] This option is scheduled to vest as to 1,221 shares on the first anniversary of the grant date. [Transaction #3] Security: Restricted Stock Units Date: 2026-05-31 | Code: A (Grant or award) Shares: +943 | Price: $0.00 Shares Owned After: 943 | Ownership: D (Direct) Footnotes: [F1] Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy"). [F5] These RSUs are scheduled to vest as to 943 shares on the first anniversary of the grant date. [F5] These RSUs are scheduled to vest as to 943 shares on the first anniversary of the grant date. --- Holdings --- [Holding #1] Security: Series A Perpetual Strife Preferred Stock Ownership: D (Direct) [Holding #2] Security: Series A Perpetual Stretch Preferred Stock Ownership: D (Direct) [Holding #3] Security: Series A Perpetual Stride Preferred Stock Ownership: D (Direct) --- Footnotes (Complete Index) --- F1: Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy"). F2: The 406 RSUs vested in full on May 31, 2026. F3: These grants were made pursuant to the Strategy Inc Equity Incentive Plan, as amended, which provides for the annual automatic grant of equity awards with an aggregate fair value of $300,000 (split evenly between RSUs and options) to each non-employee director on May 31 of each year. F4: This option is scheduled to vest as to 1,221 shares on the first anniversary of the grant date. F5: These RSUs are scheduled to vest as to 943 shares on the first anniversary of the grant date. --- Signature --- /s/ /s/ Allein Sabel, Attorney-in-Fact (2026-06-02)