Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 76

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 76
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 2023 Equity Plan. The weighted-average exercise price of the options is $38.56. The RSUs and PSUs do not have an exercise price. |

| (2) | Consists of 2,608,540 shares remaining available for issuance under the 2023 Equity Plan and 502,402 shares remaining available for issuance under the 2021 ESPP. This number excludes 25,998 shares that were issued at the end of the ESPP purchase period, which began on September 1, 2024, and ended on February 28, 2025, after the end of our 2024 fiscal year. Shares available for issuance under the 2023 Equity Plan may be issued pursuant to options, stock appreciation rights, restricted stock, RSUs, PSUs and other stock-based awards. |

| STRATEGY | 2025 Proxy Statement |     | 43 |

Pay Versus Performance

As discussed in “Executive and Director Compensation—Compensation Discussion and Analysis,” the goal of our compensation program for our executive officers is the same as our goal for operating the Company—to create long-term value for our stockholders. The following tables and related disclosures provide information about (i) the “total compensation” of our principal executive officers (the “PEOs”) and our other named executive officers (the “Non-PEO Named Executive Officers”) as presented in the Summary Compensation Table on page 35 (the “SCT Amounts”), (ii) the “compensation actually paid” to our PEOs and our Non-PEO Named Executive Officers, as calculated pursuant to the SEC’s pay-versus-performance rules (the “CAP Amounts”), (iii) certain financial performance measures, and (iv) the relationship of the CAP Amounts to those financial performance measures.

This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act and does not necessarily reflect value actually realized by the executives or how our Compensation Committee or President & CEO, as applicable, make compensation decisions in light of Company or individual performance. For discussion of how our Compensation Committee and the President & CEO, as applicable, make compensation decisions, please see “Executive and Director Compensation—Compensation Discussion and Analysis.”

<div align='center'>Pay Versus Performance</div>

| Year |                        | SummaryCompen-                               
 sationTableTotal forFirst PEO(Saylor)(1) ($) |           |     |                                         | SummaryCompen-                            
 sationTableTotal