Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 13

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 13
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 regular dividend payment date. For the avoidance of doubt, if a dividend is declared with respect to outstanding perpetual strike preferred stock, any perpetual strike       
 preferred stock offered and sold hereby, and issued at or before 5:00 p.m., New York City time, on the record date for such declared dividend, will be entitled to payment of such declared dividend (including the portion that was accrued but       
 unpaid before the issuance of such perpetual strike preferred stock).                                                                                                                                                                                  |

| Declared regular dividends on the perpetual strike preferred stock are payable, at our election, in cash, shares of our class                                                                                                                          
 A common stock or a combination of cash and shares of our class A common stock, in the manner, and subject to the provisions, described in this prospectus supplement. If we elect to pay any portion of a declared regular dividend in shares of our  
 class A common stock, then those shares will be valued at 95% of the “daily VWAP” (as defined in this prospectus supplement) per share of class A common stock on the third “VWAP trading day” (as defined in this prospectus                          
 supplement) preceding the regular dividend payment date for such regular dividend, which we refer to as “regular dividend stock price.” However, notwithstanding anything to the contrary, in no event will the total number of shares of class        
 A common stock issuable per share of perpetual strike preferred stock as payment for a declared regular dividend exceed an amount equal to (x) the total dollar amount of such declared regular dividend per share of perpetual strike preferred       
 stock (including, for the avoidance of doubt, the portion thereof that we have elected to pay in shares of class A common stock), divided by (y) the “floor price” (as defined in this prospectus supplement). If the number of shares                 
 that we deliver is limited as a result of this provision, then we will, to the extent we are legally able to do so and not prohibited by the terms of any “dividend senior stock” (as defined in this prospectus supplement), declare and pay          
 the related deficiency in cash. For the avoidance of doubt, to the extent we fail to pay such deficiency in cash, the amount of such deficiency will constitute unpaid regular dividends and will accumulate compounded dividends as described in this 
 prospectus supplement. The initial floor price is $119.03 per share of class A common stock and is subject to adjustment in the manner described in this prospectus supplement. In lieu of delivering any fractional share of class A common stock