Strategy Inc Announces CFO Andrew Kang Resignation, New Co-PFO Structure, and Q3 2026 Results

Executive Transition Summary

On October 26, 2026, Andrew Kang informed Strategy Inc of his intention to resign from his positions as Executive Vice President, Chief Financial Officer, principal financial officer (PFO), and principal accounting officer (PAO), effective November 5, 2026. The resignation is due to personal reasons and not any disagreement with the company.

Interim & Successor Leadership Structure

• November 6, 2026 – December 31, 2026: Phong Le, President & CEO, will assume the responsibilities of principal financial officer and lead the finance organization.
• Effective January 1, 2027: Reza Virasteh (currently EVP of Operations) will become EVP & CFO and serve as co-principal financial officer alongside CEO Phong Le.
  • Phong Le (Co-PFO): Will oversee financial management of the Bitcoin strategy, capital markets activity, capital management, treasury, and investor relations.
  • Reza Virasteh (Co-PFO): Will oversee financial management of software operations, core company finances, and budgeting.
• Principal Accounting Officer: Shelley Khanna, Global Controller, was named Chief Accounting Officer and principal accounting officer effective November 6, 2026.

Severance and Compensation Adjustments

• Andrew Kang: Under a separation agreement, will serve as an advisor through December 31, 2026, receiving base salary, a lump-sum separation payment of $883,400, and $20,000 in COBRA coverage. Outstanding equity awards vest through December 31, 2026.
• Reza Virasteh: Compensation increased to $500,000 base salary, $400,000 target annual cash bonus, $1,000,000 target value in Class A RSUs, and $1,000,000 Black-Scholes value in stock options, both vesting over four years.

Q3 2026 Financial Results Summary (Exhibit 99.1)

• Operating Income: $20.91 billion (reflecting a $20.91 billion gain on digital assets), compared to $3.89 billion in Q3 2025.
• Net Income to Common Stockholders: $19.12 billion ($44.75 diluted EPS).
• Bitcoin Holdings: 848,517 BTC as of October 25, 2026, with an original cost basis of $64.02 billion ($75,446/BTC) and a market value of $68.90 billion ($81,200/BTC).
• Capital Markets: $5.41 billion raised via ATM offerings during Q3 2026; $21.23 billion raised year-to-date.