RICKERTSEN CARL J 4

What Happened Carl J. Rickertsen, a director of Strategy Inc (MSTR), had 406 restricted stock units (RSUs) vest on May 31, 2026 and the filing shows those RSUs were converted into shares. The same filing reports new awards granted the same day: an option covering 1,221 shares and 943 RSUs. No cash values were reported for the grants; the 406 underlying shares tied to the vested RSUs are shown disposed at $0 (derivative entry) in the filing.

Key Details

• Transaction date: May 31, 2026; Form 4 filed June 2, 2026 (appears within normal two‑business‑day filing window).
• Vested/conversion: 406 RSUs vested and converted to shares (transaction code M).
• Disposition: 406 underlying shares are listed as disposed at $0 (derivative entry) in the filing (often reflects share withholding or settlement mechanics).
• Grants: 1,221‑share option grant (code A) and 943 RSUs (code A) were awarded on May 31, 2026; both reported at $0 price in the filing.
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Relevant footnotes: F1–F5 state that RSUs convert to one share each, the 406 RSUs vested in full on May 31, 2026, the grants are part of the annual non‑employee director equity award program (aggregate ~$300,000 split between RSUs and options), and the 1,221 option shares and 943 RSUs are scheduled to vest on the first anniversary of the grant.

Context

• The activity appears to be routine director compensation: an annual automatic grant of equity awards plus the vesting of previously granted RSUs. Grants to non‑employee directors are common and structured for future vesting.
• The conversion/derivative entries (code M and a $0 disposition) are typically reporting mechanics for vested RSUs and any shares surrendered to satisfy withholding or settlement obligations; the filing does not show an open‑market sale of newly vested shares.