Kang Andrew 4

What Happened
Andrew Kang, Strategy Inc.’s EVP and CFO, received equity awards on March 17, 2026: an option-like award for 8,391 units, 18,298 restricted stock units (RSUs), and 6,722 performance stock units (PSUs). All grants are reported as derivative awards with a $0 per-share grant price; the filing does not report a cash value — actual value depends on Strategy’s future stock price and PSU performance outcomes.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (timely filing). Transaction code: A = Award/Grant/Other acquisition.
• Awards granted: 8,391 (options per footnote F1), 18,298 RSUs (F2/F3), 6,722 PSUs at target (F4). Total target units = 33,411.
• Grant price reported: $0.00 per unit (derivative awards; not a cash purchase or sale). Market value not disclosed in the filing.
• Shares/units owned after transaction: not disclosed in the provided filing details.
• Vesting/conditions (footnotes): F1 — option vests 25% after one year, then 25% each year thereafter; F2/F3 — each RSU = right to one share, with 25% vesting after one year and 25% each year thereafter; F4 — PSUs pay between 0%–200% of target based on Strategy’s relative total shareholder return vs. Nasdaq Composite over the 3-year period (Mar 17, 2026–Mar 16, 2029) and require Compensation Committee certification and continued service.

Context
These are compensation awards (options/RSUs/PSUs), common for executives, and do not represent an open-market purchase or sale. PSUs are performance-based and may result in more or fewer than the target 6,722 shares (0%–200%), depending on relative TSR over the three-year performance period. Awards typically vest over time and/or subject to performance certification, so they do not immediately change outstanding tradable shares in the market.