Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0001193125-25-155918
Chunk: 4

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 4
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 Agent will act as sales agent on a commercially reasonable efforts basis consistent with its normal trading and sales practices.

The Company has agreed to pay the STRD Agents’ commissions for their respective services in acting as agents in the sale of the STRD ATM Shares in the amount of up to 2.0% of the aggregate gross proceeds it receives from each sale of its STRD ATM Shares pursuant to the STRD Sales Agreement. The Company has also agreed to provide the STRD Agents with customary indemnification and contribution rights.

A copy of the STRD Sales Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the material terms of the STRD Sales Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.

Wilmer Cutler Pickering Hale and Dorr LLP, counsel to the Company, has issued a legal opinion relating to the STRD ATM Shares. A copy of such legal opinion, including the consent included therein, is attached as Exhibit 5.1 hereto.

The STRD ATM Shares are registered pursuant to the Registration Statement and the base prospectus contained therein, and offerings for the STRD ATM Shares will be made only by means of the STRD Prospectus Supplement. This Current Report on Form8-Kshall not constitute an offer to sell or solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of such state or jurisdiction.

Also, on July 7, 2025, the Company issued a press release relating to the STRD ATM Offering. A copy of the press release is filed as Exhibit 99.1 to this Current Report on Form8-Kand is incorporated by reference.

STRF ATM

As previously disclosed, on May 22, 2025, Strategy entered into a Sales Agreement (the “ STRF Sales Agreement”) with TD Cowen, Barclays, and Benchmark, as sales agents (each an “ STRF Agent” and collectively, the “ STRF Agents”), pursuant to which Strategy may issue and sell shares of its 10.00% Series A Perpetual Strife Preferred Stock, $0.001 par value per share (the “ STRF Stock”), having an aggregate offering price of up to $2.1 billion, from time to time through the STRF Agents (the “ STRF ATM Offering”).

On July 7