Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 55

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 55
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 or futures contracts relating to the
STRD Stock.

“Number of incremental diluted shares” means the increase in the number of diluted shares of the applicable class or series of
junior stock (determined in accordance with generally accepted accounting principles in the United States, as the same is in effect on June 10, 2025, and assuming net income is positive) that would result from the grant, vesting or exercise of
equity-based compensation to directors, employees, contractors and agents (subject to proportionate adjustment for stock dividends, stock splits or stock combinations with respect to such class or series of junior stock).

S-38

“Permitted party” means any “person” or “group” (within the meaning of Section 13(d)(3) of the Exchange Act) that consists of, or includes, Michael J. Saylor, the heirs of Michael J. Saylor, or any Affiliates of Michael J. Saylor or the heirs of Michael J. Saylor. “Person” means any individual, corporation, partnership, limited liability company, joint venture, association, joint-stock company, trust, unincorporated organization or government or other agency or political subdivision thereof. Any division or series of a limited liability company, limited partnership or trust will constitute a separate “person.” “Preferred stockholder,” or “holder” of any STRD Stock, means any person in whose name any share of STRD Stock is registered on the registrar’s books. “Regular dividend payment date” means each March 31, June 30, September 30 and December 31 of each year, beginning on September 30, 2025. “Regular dividend period” means each period from, and including, a regular dividend payment date (or, in the case of the first regular dividend period, from, and including, June 10, 2025) to, but excluding, the next regular dividend payment date. “Regular dividend rate” means 10.00% per annum. “Regular dividends” has the meaning set forth above under the caption “—Regular Dividends—Generally.” “Regular record date” has the following meaning: (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