MSTR

SEC source: 0001209191-23-038749 · doc4.xml · nonDerivative · entry 6

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 458

F5 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $297.68 to $297.74, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

SEC source: 0001209191-23-038749 · doc4.xml · nonDerivative · entry 5

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,158

F4 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $296.54 to $297.47, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

SEC source: 0001209191-23-038749 · doc4.xml · nonDerivative · entry 4

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,468

F3 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $295.53 to $296.47, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

SEC source: 0001209191-23-038749 · doc4.xml · nonDerivative · entry 3

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 6,268

F2 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $294.53 to $295.36, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

SEC source: 0001209191-23-038749 · doc4.xml · nonDerivative · entry 2

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 7,767

F1 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $293.34 to $294.31, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.

SEC source: 0001209191-23-038749 · doc4.xml · nonDerivative · entry 1

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 10,458

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-23-035047 · doc4.xml · derivative · entry 2

Montgomery Jeanine · CIK 0001444548 · SVP & CAO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 457

Underlying: Class A Common Stock · 457 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F3 · derivative.exercise_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F3 · derivative.expiration_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035045 · doc4.xml · derivative · entry 4

Kang Andrew · CIK 0001825170 · SEVP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,406

Underlying: Class A Common Stock · 3,406 shares

Expires not disclosed

F5 · derivative.exercise_price: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F5 · derivative.exercise_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F5 · derivative.expiration_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F2 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035045 · doc4.xml · derivative · entry 3

Kang Andrew · CIK 0001825170 · SEVP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,703

Underlying: Class A Common Stock · 1,703 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F4 · derivative.exercise_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F4 · derivative.expiration_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F2 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035045 · doc4.xml · derivative · entry 2

Kang Andrew · CIK 0001825170 · SEVP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,949

Underlying: Class A Common Stock · 4,949 shares

Expires 2033-06-05

F1 · derivative.exercise_date: 25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.

F2 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035040 · doc4.xml · derivative · entry 3

Shao Wei-Ming · CIK 0001663488 · SEVP & General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,065

Underlying: Class A Common Stock · 3,065 shares

Expires not disclosed

F4 · derivative.exercise_price: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F4 · derivative.exercise_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F4 · derivative.expiration_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035040 · doc4.xml · derivative · entry 2

Shao Wei-Ming · CIK 0001663488 · SEVP & General Counsel

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,533

Underlying: Class A Common Stock · 1,533 shares

Expires not disclosed

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F2 · derivative.exercise_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F2 · derivative.expiration_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035034 · doc4.xml · derivative · entry 4

Adkisson Kevin · CIK 0001904144 · SEVP & CRO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,362

Underlying: Class A Common Stock · 1,362 shares

Expires not disclosed

F5 · derivative.exercise_price: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F5 · derivative.exercise_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F5 · derivative.expiration_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F2 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035034 · doc4.xml · derivative · entry 3

Adkisson Kevin · CIK 0001904144 · SEVP & CRO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 681

Underlying: Class A Common Stock · 681 shares

Expires not disclosed

F3 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F4 · derivative.exercise_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F4 · derivative.expiration_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F2 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035034 · doc4.xml · derivative · entry 2

Adkisson Kevin · CIK 0001904144 · SEVP & CRO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,980

Underlying: Class A Common Stock · 1,980 shares

Expires 2033-06-05

F1 · derivative.exercise_date: 25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.

F2 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035033 · doc4.xml · derivative · entry 3

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 9,537

Underlying: Class A Common Stock · 9,537 shares

Expires not disclosed

F5 · derivative.exercise_price: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F5 · derivative.exercise_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F5 · derivative.expiration_date: Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-23-035033 · doc4.xml · derivative · entry 2

Le Phong · CIK 0001651669 · Director · President & CEO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 4,768

Underlying: Class A Common Stock · 4,768 shares

Expires not disclosed

F2 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F3 · derivative.exercise_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F3 · derivative.expiration_date: 25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033709 · doc4.xml · derivative · entry 2

Patten Jarrod M · CIK 0001309191 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 497

Underlying: Class A Common Stock · 497 shares

Expires not disclosed

F1 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F5 · derivative.exercise_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F5 · derivative.expiration_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033709 · doc4.xml · derivative · entry 1

Patten Jarrod M · CIK 0001309191 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 761

Underlying: Class A Common Stock · 761 shares

Expires 2033-05-31

F1 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F2 · derivative.exercise_date: This option is scheduled to vest as to 761 shares on the first anniversary of the grant date.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033705 · doc4.xml · derivative · entry 3

RICKERTSEN CARL J · CIK 0001203479 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 497

Underlying: Class A Common Stock · 497 shares

Expires not disclosed

F1 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F5 · derivative.exercise_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F5 · derivative.expiration_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033705 · doc4.xml · derivative · entry 2

RICKERTSEN CARL J · CIK 0001203479 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 761

Underlying: Class A Common Stock · 761 shares

Expires 2033-05-31

F1 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F2 · derivative.exercise_date: This option is scheduled to vest as to 761 shares on the first anniversary of the grant date.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033698 · doc4.xml · derivative · entry 3

RECHAN LESLIE J · CIK 0001333062 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 497

Underlying: Class A Common Stock · 497 shares

Expires not disclosed

F2 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F5 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F6 · derivative.exercise_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F6 · derivative.expiration_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033698 · doc4.xml · derivative · entry 2

RECHAN LESLIE J · CIK 0001333062 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 761

Underlying: Class A Common Stock · 761 shares

Expires 2033-05-31

F2 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F3 · derivative.exercise_date: This option is scheduled to vest as to 761 shares on the first anniversary of the grant date.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033686 · doc4.xml · derivative · entry 3

GRAHAM STEPHEN X · CIK 0001282917 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 497

Underlying: Class A Common Stock · 497 shares

Expires not disclosed

F1 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F4 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F5 · derivative.exercise_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F5 · derivative.expiration_date: These restricted stock units are scheduled to vest as to 497 shares on the first anniversary of the grant date.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-033686 · doc4.xml · derivative · entry 2

GRAHAM STEPHEN X · CIK 0001282917 · Director

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 761

Underlying: Class A Common Stock · 761 shares

Expires 2033-05-31

F1 · security: These grants were made pursuant to the MicroStrategy Incorporated 2023 Equity Incentive Plan ("2023 Plan"), 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, beginning in 2023. The 2023 Plan was approved by the stockholders of MicroStrategy Incorporated at the 2023 annual meeting.

F2 · derivative.exercise_date: This option is scheduled to vest as to 761 shares on the first anniversary of the grant date.

F3 · balance_after: See Exhibit A.

SEC source: 0001209191-23-030977 · doc4.xml · derivative · entry 3

Kang Andrew · CIK 0001825170 · SEVP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 3,750

Underlying: Class A Common Stock · 1,250 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F3 · derivative.exercise_date: The remaining 3,750 restricted stock units will vest in equal annual installments over a three-year period, with 1,250 restricted stock units vesting on May 18, 2024, 1,250 restricted stock units vesting on May 18, 2025 and 1,250 restricted stock units vesting on May 18, 2026.

F3 · derivative.expiration_date: The remaining 3,750 restricted stock units will vest in equal annual installments over a three-year period, with 1,250 restricted stock units vesting on May 18, 2024, 1,250 restricted stock units vesting on May 18, 2025 and 1,250 restricted stock units vesting on May 18, 2026.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-23-030977 · doc4.xml · nonDerivative · entry 2

Kang Andrew · CIK 0001825170 · SEVP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 873

F2 · kind: The disposition of the shares reported on this form was made to MicroStrategy solely to permit the stockholder to pay MicroStrategy the tax withholding obligation due upon vesting of the restricted stock units.

SEC source: 0001209191-23-030977 · doc4.xml · nonDerivative · entry 1

Kang Andrew · CIK 0001825170 · SEVP & CFO

10b5-1 filing: No plan indicated

Ownership: Direct

Disclosed balance after: 1,250

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

SEC source: 0001209191-23-008431 · doc4.xml · derivative · entry 19

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 5,000

Underlying: Class A Common Stock · 10,000 shares

Expires 2029-11-22

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F17 · derivative.exercise_date: Of the 10,000 shares exercised on February 9, 2023 pursuant to this option, 5,000 shares vested on November 22, 2021 and 5,000 shares vested on November 22, 2022. The remaining 5,000 shares subject to this option are scheduled to vest on November 22, 2023.

F15 · balance_after: See Exhibit A.

SEC source: 0001209191-23-008431 · doc4.xml · derivative · entry 18

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 10,000 shares

Expires 2028-02-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F16 · derivative.exercise_date: The 10,000 shares exercised on February 9, 2023 pursuant to this option vested on February 8, 2022.

F15 · balance_after: See Exhibit A.

SEC source: 0001209191-23-008431 · doc4.xml · derivative · entry 17

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 0

Underlying: Class A Common Stock · 10,000 shares

Expires 2027-03-08

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F14 · derivative.exercise_date: Of the 10,000 shares exercised on February 9, 2023 pursuant to this option, 2,500 shares vested on March 8, 2020 and 7,500 shares vested on March 8, 2021.

F15 · balance_after: See Exhibit A.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 16

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 2,882

F13 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $276.94 to $277.61, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 15

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 3,982

F12 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $275.94 to $276.87, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 14

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 6,048

F11 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $274.94 to $275.54, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 13

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 7,748

F10 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $273.61 to $274.53, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 12

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,282

F9 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $272.50 to $272.88, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 11

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 9,689

F8 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.55 to $271.42, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 10

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 10,182

F7 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.43 to $269.68, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 9

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 11,783

F6 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.26 to $268.98, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 8

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,083

F5 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $267.13 to $268.03, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 7

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 18,983

F4 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.72 to $263.37, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 6

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 19,732

F3 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.70 to $262.68, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 5

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 23,669

F2 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $260.70 to $261.68, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 4

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 28,882

F1 · price: The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $259.27 to $260.26, inclusive. The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 3

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 32,882

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 2

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 22,882

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-23-008431 · doc4.xml · nonDerivative · entry 1

Lang Timothy Edwin · CIK 0001626017 · SEVP & CTO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 12,882

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

SEC source: 0001209191-22-057295 · doc4.xml · derivative · entry 3

Montgomery Jeanine · CIK 0001444548 · SVP & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 30

Underlying: Class A Common Stock · 10 shares

Expires not disclosed

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · derivative.exercise_price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.

F3 · derivative.exercise_date: The remaining 30 restricted stock units will vest in equal annual installments over a three-year period, with 10 restricted stock units vesting on November 15, 2023, 10 restricted stock units vesting on November 15, 2024, and 10 restricted stock units vesting on November 15, 2025.

F3 · derivative.expiration_date: The remaining 30 restricted stock units will vest in equal annual installments over a three-year period, with 10 restricted stock units vesting on November 15, 2023, 10 restricted stock units vesting on November 15, 2024, and 10 restricted stock units vesting on November 15, 2025.

F4 · balance_after: See Exhibit A.

SEC source: 0001209191-22-057295 · doc4.xml · nonDerivative · entry 2

Montgomery Jeanine · CIK 0001444548 · SVP & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 261

F2 · kind: The disposition of the shares reported on this form was made to MicroStrategy solely to permit the stockholder to pay MicroStrategy the tax withholding obligation due upon vesting of the restricted stock units.

SEC source: 0001209191-22-057295 · doc4.xml · nonDerivative · entry 1

Montgomery Jeanine · CIK 0001444548 · SVP & CAO

10b5-1 filing: Not disclosed

Ownership: Direct

Disclosed balance after: 265

Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event.

F1 · price: Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.