Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 39

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 39
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 our website, www.strategy.com/investor-relations. Clawback Policy The Company has adopted a clawback policy in compliance with Nasdaq listing rule 5601 and Rule 10D-1of the Exchange Act effective October 2, 2023. This clawback policy applies to current or former officers of the Company (as defined in Rule 16a-1(f)under the Exchange Act or to the extent Nasdaq listing rule 5608 otherwise provides, such officers as provided under Rule 5608) (“Covered Officers”) and requires us, subject to limited exemptions provided by Nasdaq rules, to act to recover incentive-based compensation erroneously received on or after October 2, 2023 by our current or former Covered Officers and within the three fiscal years preceding the date an accounting restatement is determined to be required. For more information, see our Dodd-Frank Compensation Recovery Policy, which is included as an exhibit to our Annual Report on Form 10-Kfor the fiscal year ended December 31, 2024. Insider Trading Policy Our Board has adoptedan insidertrading policy governing the purchase, sale, disposition and other transactions in our securities by our directors, officers, employees and certain other covered persons. We believe our insider trading policy is reasonably designed to promote compliance with insider trading laws, rules and regulations, and Nasdaq listing standards. The policy prohibits our directors, officers, employees and certain other covered persons from illegally trading in Company securities, including common stock, debt securities, preferred stock and related derivative securities while aware of material non-publicinformation about the Company or its securities. Additionally, Company personnel and related persons are prohibited from trading securities during various times throughout the year, and certain individuals must receive pre-clearancefrom our certain designated compliance officers prior to engaging in transactions in our securities. Our insider trading policy is filed as an exhibit to our Annual Report on Form 10-Kfor the year ended December 31, 2024.

| 22 |     | STRATEGY |

EXECUTIVE AND DIRECTOR COMPENSATION Compensation Discussion and Analysis Overview This section explains our executive compensation philosophy and objectives, how our objectives are implemented, the elements of our executive compensation program, and the decisions made with respect to 2024 regarding the compensation of each of our executive officers who served in 2024. We refer to the following individuals in our Compensation Discussion and Analysis as our “executive officers”:

| Michael J. Saylor Executive Chairman & Chairman of the Board       |     | Phong Q. Le