Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 81

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 81
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 the total annual compensation of our employees (excluding our CEO) for 2024. The ratio below is a reasonable estimate calculated in a manner consistent with Item 402(u) of Regulation S-K. We selected the median employee from the group of 1,546 U.S. and non-U.S.,full-time, part-time, temporary, and seasonal workers who were employed as of December 31, 2024 (the “Employee Pool”). The Employee Pool did not include Phong Q. Le, who served as our CEO as of December 31, 2024, or third-party consultants and contractors. In identifying our median employee, we calculated the total annual compensation of each employee for the year ended December 31, 2024, using internal payroll and human resources records. Compensation calculated in foreign currency was converted into U.S. dollars using fixed foreign exchange rates set by our finance department. As disclosed in the Summary Compensation Table on page 35, the total compensation for Mr. Le in 2024, as determined under Item 402 of Regulation S-K,was $15,736,147. The total compensation for our median employee in 2024, as determined under Item 402 of Regulation S-K,was $91,502. Based on the foregoing, for 2024, we estimate the ratio of our CEO’s total annual compensation to our median employee’s total annual compensation to be 172 to 1. Given the different methodologies that companies use in estimating their pay ratios, our estimated pay ratio set forth above should not be used as a basis for comparing companies.

| 48 |     | STRATEGY | 2025 Proxy Statement |

AUDIT COMMITTEE REPORT The Audit Committee has reviewed the Company’s audited financial statements for the fiscal year ended December 31, 2024, and discussed them with management and the Company’s independent registered public accounting firm, KPMG LLP (“KPMG”). The Audit Committee has discussed with KPMG the matters required to be discussed by the applicable requirements of the Public Company Accounting Oversight Board and the Securities and Exchange Commission. The Audit Committee has also received and reviewed the written disclosures and the letter from KPMG required by applicable requirements of the Public Company Accounting Oversight Board regarding KPMG’s communications with the Audit Committee concerning independence and has discussed with KPMG its independence from the Company. Based on the review and discussions described above, the Audit Committee recommended to the Board that the audited financial statements be included in the Company’s Annual Report on