Shao Wei-Ming 4
4 · Strategy Inc · Filed Nov 20, 2025
Insider Transaction Report
Form 4
Strategy IncMSTR
Shao Wei-Ming
EVP & General Counsel
Transactions
- Exercise/Conversion
Class A Common Stock
2025-11-19$69.12/sh+2,600$179,720→ 35,326 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2025-11-18−2,600→ 173,598 totalExercise: $69.12Exp: 2031-02-23→ Class A Common Stock (2,600 underlying) - Exercise/Conversion
Class A Common Stock
2025-11-18$69.12/sh+2,600$179,720→ 35,326 total - Sale
Class A Common Stock
2025-11-18$200.00/sh−2,600$520,000→ 32,726 total - Exercise/Conversion
Employee Stock Option (Right to buy)
2025-11-19−2,600→ 170,998 totalExercise: $69.12Exp: 2031-02-23→ Class A Common Stock (2,600 underlying) - Sale
Class A Common Stock
2025-11-19$202.02/sh−2,600$525,252→ 32,726 total
Holdings
- 15,000
Series A Perpetual Stretch Preferred Stock
- 500
Series A Perpetual Strife Preferred Stock
- 3,527
Series A Perpetual Stride Preferred Stock
Footnotes (3)
- [F1]The transactions reported were effected pursuant to a Rule 10b5-1 trading plan established by the reporting person on July 11, 2025. As previously disclosed in Strategy Inc's Current Report on Form 8-K filed with the Securities and Exchange Commission on July 1, 2025, the reporting person informed the issuer of his intention to retire effective December 31, 2025.
- [F2]The 2,600 shares exercised on November 18, 2025 pursuant to this option vested on February 23, 2022. Of the remaining 173,598 shares subject to this option, 23,598 shares vested on February 23, 2022, 50,000 shares vested on February 23, 2023, 50,000 shares vested on February 23, 2024 and 50,000 shares vested on February 23, 2025.
- [F3]The 2,600 shares exercised on November 19, 2025 pursuant to this option vested on February 23, 2022. Of the remaining 170,998 shares subject to this option, 20,998 shares vested on February 23, 2022, 50,000 shares vested on February 23, 2023, 50,000 shares vested on February 23, 2024 and 50,000 shares vested on February 23, 2025.