Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 56

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 56
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15, in the case of a regular dividend payment date occurring on December 31. “Stated amount” means $100 per share of STRD 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 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, which means any judicial decision or any official administrative pronouncement, ruling,                                                                            
 regulatory procedure, notice or announcement, including any notice or announcement of intent to issue or adopt any administrative pronouncement, ruling, regulatory procedure or regulation; |

S-39

| • |     | any amendment to, clarification of, or change in the official position or the interpretation of any                                                                                                                                                     
 administrative action or judicial decision or any interpretation or pronouncement that provides for a position with respect to an administrative action or judicial decision that differs from the previously generally accepted position, in each case 
 by any legislative body, court, governmental authority or regulatory body