Kang Andrew 4
4 · Strategy Inc · Filed Jun 9, 2026
Research Summary
AI-generated summary of this filing
Strategy Inc (MSTR) CFO Andrew Kang Sells Shares
What Happened
Andrew Kang, Executive Vice President & Chief Financial Officer of Strategy Inc (MSTR), converted 4,260 restricted stock units (RSUs) into shares on June 8, 2026, and then sold 1,949 shares in the open market on June 9, 2026 for a total of about $241,363. The sales were effected under a Rule 10b5-1 instruction to satisfy the reporting person's tax withholding obligation related to the RSU vesting/settlement.
Key Details
- Filing: SEC Form 4 filed June 9, 2026, reporting transactions through June 8, 2026 (timely filed).
- Conversion/Exercise (M): 4,260 RSUs converted to shares on 2026-06-08 (footnote: each RSU = right to one share).
- Open-market sales (S) on 2026-06-09:
- 1,019 shares at a weighted-average price of $123.38 — proceeds $125,728 (prices ranged $122.84–$123.82) (F3).
- 910 shares at a weighted-average price of $124.33 — proceeds $113,137 (prices ranged $123.84–$124.83) (F4).
- 20 shares at a weighted-average price of $124.88 — proceeds $2,498 (prices ranged $124.85–$124.94) (F5).
- Total proceeds from open-market sales: ~$241,363.
- Derivative disposition (M) reported: 4,260 shares at $0.00 (reported as a disposition of derivative instruments — filing indicates these transactions relate to RSU settlement/tax withholding).
- Sales were made pursuant to a Rule 10b5-1 plan entered May 2, 2024 to satisfy tax withholding on RSUs that vested June 5, 2026 and settled June 8, 2026 (F2).
- Shares owned after the transactions: not specified in the provided filing excerpt.
- Remaining RSUs: filing notes another 4,260 RSUs scheduled to vest on June 5, 2027 (F6).
Context
- This is a routine tax-withholding/settlement transaction after RSU vesting rather than a standalone market-timing purchase or sale intended as a signal of conviction. The filing shows conversion of RSUs to shares followed by sales under a pre-existing 10b5-1 plan and share-withholding/disposition for taxes.
- For retail investors, purchases by insiders can be more informative than routine sales; here the activity appears driven by compensation settlement and tax obligations rather than a discretionary investment decision.
Insider Transaction Report
Form 4
Strategy IncMSTR
Kang Andrew
EVP & CFO
Transactions
- Exercise/Conversion
Class A Common Stock
[F1]2026-06-08+4,260→ 72,993 total - Sale
Class A Common Stock
[F2][F3]2026-06-09$123.38/sh−1,019$125,728→ 71,974 total - Sale
Class A Common Stock
[F2][F4]2026-06-09$124.33/sh−910$113,137→ 71,064 total - Sale
Class A Common Stock
[F2][F5]2026-06-09$124.88/sh−20$2,498→ 71,044 total - Exercise/Conversion
Restricted Stock Units
[F1][F6]2026-06-08−4,260→ 4,260 total→ Class A Common Stock (4,260 underlying)
Holdings
- 1,500
Series A Perpetual Strife Preferred Stock
- 2,800
Series A Perpetual Stretch Preferred Stock
- 2,250
Series A Perpetual Stride Preferred Stock
Footnotes (6)
- [F1]Each restricted stock unit represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy").
- [F2]The sale was effected pursuant to a Rule 10b5-1 instruction letter entered into on May 2, 2024 to satisfy the Reporting Person's tax withholding obligation upon the vesting of restricted stock units on June 5, 2026 and their settlement on June 8, 2026.
- [F3]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $122.84 to $123.82, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- [F4]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $123.84 to $124.83, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- [F5]The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $124.85 to $124.94, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
- [F6]The remaining 4,260 restricted stock units will vest on June 5, 2027.
Signature
/s/ Allein Sabel, Attorney-in-Fact|2026-06-09