Patten Jarrod M 4

What Happened

• Jarrod Patten, a director of Strategy Inc (MSTR), had 406 restricted stock units (RSUs) vest on May 31, 2026 and those RSUs converted into 406 shares. The filing also reports 406 shares were disposed at $0.00 (commonly indicates shares surrendered to satisfy tax withholding).
• On the same date Patten received new equity awards under the company’s equity incentive plan: an option covering 1,221 shares and grants of 943 RSUs. The awards were reported at $0.00 in the filing (typical for non-cash equity grants).

Key Details

• Transaction date: May 31, 2026; Form 4 filed June 2, 2026 (appears within the normal 2-business-day filing window).
• Vesting/conversion: 406 RSUs vested and converted into 406 shares (acquired). 406 shares were immediately reported as disposed at $0.00 (likely tax withholding).
• New awards: Option for 1,221 shares (grant) and 943 RSUs (grant) reported as acquired on May 31, 2026; both awards have $0.00 reported purchase price because they are equity grants.
• Shares owned after transaction: Not stated in this filing.
• Notable footnotes:
  • F1: Each RSU converts to one share of class A common stock.
  • F2: The 406 RSUs vested in full on May 31, 2026.
  • F3: Awards were made under the Strategy Inc Equity Incentive Plan, which provides an annual automatic grant to non-employee directors with an aggregate fair value of $300,000 split evenly between RSUs and options.
  • F4: The 1,221-share option vests as to 1,221 shares on the first anniversary of the grant.
  • F5: The 943 RSUs vest on the first anniversary of the grant.

Context

• RSUs are a contingent right to receive company shares once vested; here 406 vested and became shares. The immediate disposal at $0.00 most often reflects surrender of shares to cover tax withholding rather than a market sale.
• The new awards are standard annual, non-employee director grants (not open‑market purchases or indicative of an immediate trade).