Strategy Inc: director Patten Jarrod M exercised options for 2,750 shares

What happened

• Patten Jarrod M, a director, exercised a total of 2,750 option shares (1,400 on Oct 8, 2026 and 1,350 on Oct 9, 2026) at $18.24 per share for total cash paid $50,149, and recorded two derivative disposals at $0 for the same amounts. He also sold 2,750 shares in open-market transactions on Oct 8-9, 2026 for total proceeds $422,225.

Key details

• Oct 8, 2026: exercised 1,400 shares at $18.24, acquired for $25,530; sold 950 shares at $150.54 for $143,013; sold 450 shares at $152.00 for $68,400; derivative disposal reported for 1,400 shares at $0.
• Oct 9, 2026: exercised 1,350 shares at $18.24, acquired for $24,619; sold 450 shares at $154.47 for $69,512; sold 450 shares at $156.00 for $70,200; sold 450 shares at $158.00 for $71,100; derivative disposal reported for 1,350 shares at $0.
• Shares owned after the transactions: not reported in this Form 4.
• Footnote F1: The 1,400 shares exercised on Oct 8, 2026 vested on May 31, 2020. Of the remaining 23,450 shares pursuant to this option, 10,950 vested on May 31, 2020, and 12,500 vested on May 31, 2021.
• Footnote F2: The 1,350 shares exercised on Oct 9, 2026 vested on May 31, 2020. Of the remaining 22,100 shares pursuant to this option, 9,600 vested on May 31, 2020, and 12,500 vested on May 31, 2021.
• Filing date: Oct 13, 2026 (period of report Oct 8, 2026).

Why it may matter

• The filing shows option exercises and contemporaneous open-market sales; the exercised shares were sold on the same dates as the exercises.
• This filing does not show why the insider traded or why the company acted.