Chow Thomas C. 4

What Happened Thomas C. Chow, EVP & General Counsel of Strategy Inc (MSTR), was awarded 4,481 performance stock units (PSUs) on March 17, 2026. The grant is reported as an award/derivative (code A) at $0.00 — there was no cash purchase or sale. These PSUs are contingent rights to receive shares subject to performance and service conditions.

Key Details

• Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (appears timely).
• Grant: 4,481 performance stock units (PSUs); reported acquisition price $0.00 (derivative award).
• Shares owned following the transaction: not specified in the filing.
• Footnote (F1): Each PSU is a contingent right to receive between 0% and 200% of the target units based on Strategy’s relative total shareholder return (TSR) versus the Nasdaq Composite Index over a three‑year performance period (Mar 17, 2026–Mar 16, 2029). Vesting requires Compensation Committee certification and continued service through the performance period end.
• Transaction code: A = award/grant of derivative securities (not an open‑market buy or sell).

Context PSUs are performance‑based compensation — they do not immediately convert into shares or cash and their ultimate payout depends on multi‑year performance and service conditions. This award is a routine executive compensation grant and does not by itself indicate an immediate buy or sell of stock. If the PSUs vest in the future, they would typically convert into shares (or cash) subject to tax and any plan rules.