Company: MSTR
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124554
Chunk: 63

Company: Strategy Inc
Filing Date: 2025-05-22
Form: 424B5
Chunk 63
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 (i) March 15, in the case of a regular dividend payment date occurring on March 31; (ii)
June 15, in the case of a regular dividend payment date occurring on June 30; (iii) September 15, in the case of a regular dividend payment date occurring on September 30; and (iv) December 15, in the case of a regular dividend
payment date occurring on December 31.

“Specified dividend payment date” means a regular dividend payment date or a deferred regular dividend
payment date.

“Specified regular record date” means a regular record date or a deferred regular record date.

“Stated amount” means $100 per share of perpetual strife preferred stock.

“Subsidiary” means, with respect to any person, (i) any corporation, association or other business entity (other than a partnership or limited
liability company) of which more than 50% of the total voting power of the capital stock entitled (without regard to the occurrence of any contingency, but after giving effect to any voting agreement or stockholders’ agreement that effectively
transfers voting power) to vote in the election of directors, managers or trustees, as applicable, of such corporation, association or other business entity is owned or controlled, directly or indirectly, by such person or one or more of the other
subsidiaries of such person; and (ii) any partnership or limited liability company where (x) more than 50% of the capital accounts, distribution

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rights, equity and voting interests, or of the general and limited partnership interests, as applicable, of such partnership or limited liability company are owned or controlled, directly or indirectly, by such person or one or more of the other subsidiaries of such person, whether in the form of membership, general, special or limited partnership or limited liability company interests or otherwise; and (y) such person or any one or more of the other subsidiaries of such person is a controlling general partner of, or otherwise controls, such partnership or limited liability company. A “tax event” will be deemed to occur if we have received an opinion of counsel experienced in such matters to the effect that, as a result of:

| • |     | any amendment to, clarification of, or change, including any announced prospective change, in the laws or                                  
 treaties of the United States or any of its political subdivisions or taxing authorities, or any regulations under those laws or treaties; |

| • |     | an administrative action