Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 42

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 42
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 to the President & CEO’s base salary and cash bonus target for 2024, and Mr. Le reviewed these analyses in making base salary and cash bonus target determinations for 2024 with respect to Messrs. Kang and Shao. Additionally, the Compensation Committee reviewed analyses prepared by WTW in assessing (i) changes to compensation of non-employeedirectors, which became effective in 2023, and (ii) the size and terms of initial equity grants to newly appointed non-employee directors,which the Board approved in 2024, and which the Company’s stockholders ratified in 2025. The Company also engaged WTW to advise on equity compensation matters in 2022, compensation matters generally in 2023, and to assist the Compensation Committee with the preparation of a compensation risk analysis in 2024. WTW did not provide any other services to us or our affiliates during 2024 and the work of WTW for the Compensation Committee did not result in any conflicts of interest. In 2022, in consultation with WTW, we developed the below peer group, which informed the Compensation Committee’s and Mr. Le’s review of our executive compensation program for 2024. We selected our peer group of companies based on a combination of factors, including industry classification and size (including employee count, revenue, and market capitalization).

| •  Altair Engineering Inc. |     | •  Enfusion, Inc.      |     | •  Five9, Inc.              |     | •  Progress Software Corp. |
| •  Alteryx, Inc.*          |     | •  Everbridge, Inc.*   |     | •  Guidewire Software, Inc. |     | •  SPS Commerce Inc.       |
| •  Coupa Software Inc.*    |     | •  EverCommerce Inc.   |     | •  New Relic, Inc.*         |     | •  Teradata Corp.          |
| •  DOMO, Inc.              |     | •  EVO Payments, Inc.* |     | •  Pegasystems Inc.         |     | •  Verint Systems Inc.     |

| * | Since the initial preparation of the peer group in 2022, each of