Company: MSTR
Filing Date: 2025-06-10
Form Type: 8-K
Source: 0001193125-25-138477
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Company: Strategy Inc
Filing Date: 2025-06-10
Form: 8-K
Item: Item 3.03
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Item 3.03      Material Modification to Rights of Security Holders.  

On June 10, 2025, MicroStrategy Incorporated®d/b/a Strategy™(“ Strategy”) completed an initial public offering (the “ Offering”) registered under the Securities Act of 1933, as amended (the “ Securities Act”), of 11,764,700 shares of a new class of its capital stock titled “10.00% Series A Perpetual Stride Preferred Stock” (the “ STRD Stock”). In connection with this issuance of STRD Stock, Strategy filed a Certificate of Designations (the “ Certificate of Designations”) with the Secretary of State of the State of Delaware designating an aggregate of 11,764,700 shares of, and establishing the terms of, the STRD Stock.

Dividends on shares of the STRD Stock will not be mandatory. Holders of the STRD Stock will be entitled to receive non-cumulativedividends (“ Regular Dividends”) at a rate per annum equal to 10.00% on the stated amount of $100 per share of STRD Stock (the “ Stated Amount”) thereof, out of funds legally available for their payment only when, as, and if declared by Strategy’s board of directors or any duly authorized committee thereof. If declared, Regular Dividends on the STRD Stock will be payable quarterly in arrears on March 31, June 30, September 30 and December 31 of each year, beginning on September 30, 2025 (each, a “ Regular Dividend Payment Date”). Since Regular Dividends are not cumulative, Strategy will not have any obligation to pay any Regular Dividend for any regular dividend period unless Strategy declares such Regular Dividend prior to the Regular Dividend Payment Date for such regular dividend period. No dividend, interest or other amount will accumulate or accrue on any unpaid Regular Dividends, regardless of whether Regular Dividends are declared for any future regular dividend period. Declared Regular Dividends on the STRD Stock will be payable solely in cash in the manner, and subject to the provisions, described in the Certificate of Designations.

The STRD Stock has a par value of $0.001 per share and initially has a liquidation preference of $100 per share, subject to adjustment as set forth below (the “ Liquidation Preference”). The STRD Stock will rank senior to Strategy’s class A common stock, $0.001 par value per share