4Filing Date: Sep 23, 2026
Strategy (MSTR)
Statement of Changes in Beneficial Ownership
View SEC Filing
ACC: 0001193125-26-399364
Total Value$89.9K
Trades6
Insiders1
Transaction Details
Patten Jarrod M
Director·Direct
Sell · Dispose
Class A Common Stock
Shares-475
Price$171.00
Total Value$81.2K
Shares Owned After28.41K
Transaction DateSep 22, 2026
Patten Jarrod M
Director·Direct
Exercise · Acquire
Class A Common Stock
Shares+475
Price$18.24
Total Value$8.7K
Shares Owned After28.88K
Transaction DateSep 22, 2026
Patten Jarrod M
Director·Direct
Exercise · Dispose
Director Stock Option (Right to buy)Derivative
Shares-475
Price$0.00
Total Value$0
Shares Owned After24.85K
Transaction DateSep 22, 2026
Exercise Price$18.24
ExpiresMay 31, 2027
Footnotes ▸
Of the 475 shares exercised on September 22, 2026 pursuant to this option, 325 vested on May 31, 2019, and 150 vested on May 31, 2020. Of the remaining 24,850 shares pursuant to this option, 12,350 vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
Patten Jarrod M
Director·Direct
Series A Perpetual Stride Preferred Stock
Shares0
Price-
Total Value$0
Shares Owned After5.00K
Patten Jarrod M
Director·Direct
Series A Perpetual Stretch Preferred Stock
Shares0
Price-
Total Value$0
Shares Owned After29.34K
Patten Jarrod M
Director·Direct
Series A Perpetual Strife Preferred Stock
Shares0
Price-
Total Value$0
Shares Owned After10.00K
Post-Transaction Holdings
Patten Jarrod M · Director
| Security | Shares | Change |
|---|---|---|
| Class A Common Stock | 28.41K | - |
| Director Stock Option (Right to buy) | 24.85K | -475 (-1.88%) |
| Series A Perpetual Stretch Preferred Stock | 29.34K | - |
| Series A Perpetual Stride Preferred Stock | 5.00K | - |
| Series A Perpetual Strife Preferred Stock | 10.00K | - |
auto_awesomeDeep Analysis
Deep Analysis
Strategy Inc director Jarrod M Patten exercised 475 options at $18.24 and immediately sold all 475 shares at $171.00 for $81,225 — a same-day cash-out that left his direct stake flat at 28,406 shares.
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Original SEC Filing Textexpand_more
=== SEC Form 4 — Statement of Changes in Beneficial Ownership ===
Document Type: 4
Period of Report: 2026-09-22
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: 2026-09-22 | Code: M (Exercise of derivative)
Shares: +475 | Price: $18.24
Total Value: $8,662.10
Shares Owned After: 28,881 | Ownership: D (Direct)
[Transaction #2]
Security: Class A Common Stock
Date: 2026-09-22 | Code: S (Open market sale)
Shares: -475 | Price: $171.00
Total Value: $81,225.00
Shares Owned After: 28,406 | Ownership: D (Direct)
--- Derivative Transactions ---
[Transaction #1]
Security: Director Stock Option (Right to buy)
Date: 2026-09-22 | Code: M (Exercise of derivative)
Shares: -475 | Price: $0.00
Exercise Price: $18.24
Exercisable: N/A | Expires: 2027-05-31
Shares Owned After: 24,850 | Ownership: D (Direct)
Footnotes:
[F1] Of the 475 shares exercised on September 22, 2026 pursuant to this option, 325 vested on May 31, 2019, and 150 vested on May 31, 2020. Of the remaining 24,850 shares pursuant to this option, 12,350 vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
--- 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: Of the 475 shares exercised on September 22, 2026 pursuant to this option, 325 vested on May 31, 2019, and 150 vested on May 31, 2020. Of the remaining 24,850 shares pursuant to this option, 12,350 vested on May 31, 2020, and 12,500 shares vested on May 31, 2021.
--- Signature ---
/s/ /s/ Allein Sabel, Attorney-in-Fact (2026-09-23)