Strategy Inc Director Jarrod Patten Exercises & Sells 950 Shares

Executive Summary

On November 3, 2026, Jarrod M. Patten, a Director of Strategy Inc ($MSTR), executed a routine cashless exercise-and-sell transaction. Patten exercised director stock options for 950 shares of Class A Common Stock at an exercise price of $18.236 per share and concurrently sold all 950 shares on the open market at an average price of $136.04 per share, generating gross proceeds of approximately $129,238.

Transaction Breakdown

• Option Exercise: Exercised 950 director stock options with an exercise price of $18.236 per share.
• Open Market Sale: Sold 950 shares of Class A Common Stock at $136.04 per share.
• Net Proceeds: Realized a spread of $117.804 per share ($111,913.80 total gain before taxes/fees).
• Remaining Holdings:
  • Class A Common Stock: 28,406 shares owned directly.
  • Director Stock Options: 21,150 options remaining with an expiration date of May 31, 2027.
  • Preferred Holdings: 10,000 shares of Series A Perpetual Strife Preferred Stock, 29,335 shares of Series A Perpetual Stretch Preferred Stock, and 5,000 shares of Series A Perpetual Stride Preferred Stock.

Market Implications

This transaction represents a routine pre-expiration option exercise and immediate disposition of a relatively minor position. Given the small transaction size ($129,238) and retention of over 28,000 common shares plus 21,150 remaining options, this filing carries low informational or trading significance.