Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0000950170-25-094137
Chunk: 11

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 11
---
 with the holders of each class or series of “ Voting Parity Stock” (as defined in the applicable certificate of designations) with similar voting rights regarding the election of directors upon a failure to pay dividends, which similar voting rights are then exercisable, will have the right to elect one director (a “Preferred Stock Director”) to fill such directorship at Strategy’s next annual meeting of stockholders (or, if earlier, at a special meeting of Strategy’s stockholders called for such purpose). If, thereafter, all accumulated and unpaid Regular Dividends on the outstanding shares of the applicable series of Preferred Stock have been paid in full, then the right of the holders of the applicable series of Preferred Stock to elect any Preferred Stock Directors will terminate. Upon the termination of such right with respect to the applicable series of Preferred Stock and all other outstanding Voting Parity Stock, if any, the term of office of each person then serving as a Preferred Stock Director will immediately and automatically terminate (and, if the authorized number of Strategy’s directors was increased by one or two, as applicable, in connection with such election, then the authorized number of Strategy’s directors will automatically decrease by one or two, as applicable).

Convertible Notes

The following table summarizes certain terms of each of the Convertible Notes (principal at inception are each reported in thousands):

                                                                     2028                                   2029                  2030A                   2030B                 2031                    2032               
                                                                     Convertible                            Convertible           Convertible             Convertible           Convertible             Convertible        
                                                                     Notes                                  Notes                 Notes                   Notes                 Notes                   Notes              
  Issuance Date                                                      September 2024                         November 2024         March 2024              February 2025         March 2024              June 2024          
  Maturity Date (1)                                                  September 15, 2028                     December 1, 2029      March 15, 2030          March 1, 2030         March 15, 2031          June 15, 2032      
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Principal at Inception                                             $                       1,010,000      $                     $                       $                     $                       $                  
  Stated Interest Rate (2)                                                                       0.625                                                                                                                     
  Interest Payment Dates (3)                                         March 15 &                             June 1 &              March