Patten Jarrod M 4

What Happened
Jarrod M. Patten, a director of Strategy Inc (MSTR), exercised options to acquire 1,500 shares on June 17, 2026 (exercise price $18.24, total cost $27,354) and immediately sold those 1,500 shares in an open-market sale at $121.31 per share for gross proceeds of $181,965. The filing also shows the corresponding derivative position (the option) was converted/settled in the transaction.

Key Details

• Transaction date: June 17, 2026; Form 4 filed June 18, 2026 (timely filing).
• Exercise: 1,500 shares at $18.24 — total cost $27,354 (reported as acquired).
• Sale: 1,500 shares at $121.31 — gross proceeds $181,965 (open-market sale).
• Reported derivative line: 1,500 shares (exercise/conversion) disposed at $0.00 — reflects conversion/settlement of the option.
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote: The 1,500 exercised shares vested on May 31, 2018. The option has 42,750 remaining shares with scheduled vesting that occurred in 2018–2021 (see footnote for breakdown).

Context

• This is a common exercise-plus-sale (cashless) pattern: the director exercised vested options and sold the resulting shares the same day, locking in proceeds.
• Figures shown are gross proceeds and cost basis; net gain after taxes and fees is not reported.
• The filing contains standard vesting information; no 10b5-1 plan, gift, or tax-withholding notation was reported in the provided details.