Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263759
Chunk: 26

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 26
---
 register for the STRD Stock. |

To be timely, a written request referred to in the first bullet point above must be delivered no later than the “close of business” (as defined below under the caption “—Definitions”) on the following date: (i) with respect to the payment of any declared cash regular dividend due on a regular dividend payment date for the STRD Stock, the immediately preceding regular record date; and (ii) with respect to any other payment, the date that is 15 calendar days immediately before the date such payment is due. If the due date for a payment on any STRD Stock is not a “business day” (as defined below under the caption “—Definitions”), then such payment may be made on the immediately following business day with the same force and effect as if such payment were made on that due date, and no interest, dividend or other amount will accrue or accumulate on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “business day.” Ranking The STRD Stock ranks as follows:

| • |     | senior to (i) “dividend junior stock” (as defined below under the caption                                                                                                                               
 “—Definitions,” and which includes our class A common stock and class B common stock) with respect to the payment of dividends; and (ii) “liquidation junior stock” (as defined below under the caption 
 “—Definitions,” and which includes our class A common stock and class B common stock) with respect to the distribution of assets upon our liquidation, dissolution or winding up;                       |

| • |     | equally with (i) dividend parity stock with respect to the payment of dividends; and (ii) liquidation    
 parity stock with respect to the distribution of assets upon our liquidation, dissolution or winding up; |

| • |     | junior to (i) dividend senior stock and liquidation senior stock (each of which includes our STRF Stock, our                                                 
 STRC Stock and our STRK Stock); and (ii) junior to our existing and future indebtedness (including all of our issued and outstanding Convertible Notes); and |

| • |     | structurally junior to all existing and future indebtedness and other liabilities, including trade payables, and 
 (to the extent we are not a holder thereof) capital stock of our subsidiaries