Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 51

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 51
---
 and capital markets transactions, driving the Company’s business transformation initiative especially as it pertained to cost, accounting and operational areas relating to our software business; and |

| • |     | for Mr. Shao, leading the Company’s corporate governance, securities, contracts, and legal risk management activities, including implementing the Company’s bitcoin strategy and capital markets transactions, and driving the Company’s business transformation initiative especially as it pertained to the contracting process for our software business. |

The Compensation Committee also considered:

| • |     | each executive officer’s job responsibilities as the Company implemented new business initiatives, focused on revenue growth, and adjusted its strategic plan for an evolving business environment, including with respect to the Company’s business transformation initiative; |

| • |     | each executive officer’s strengths and abilities in his areas of responsibility, leadership skills, management experience, employment and compensation history, including the value of outstanding equity awards and amounts previously realized under previously granted equity awards, overall compensation arrangements, and long-term potential to enhance stockholder value; |

| • |     | the competitive market for talented executives with comparable experience and expertise; and |

| • |     | the Company’s performance over the prior several quarters as well as general economic and industry conditions. |

Upon the recommendation of management, the Compensation Committee subjectively determined that each executive officer achieved 70% of his objectives for the software business, and 150% of his objectives for the bitcoin strategy, and that each objective should be weighed equally, resulting in an overall 110% bonus achievement, which is the average of these attainment percentages. Accordingly, in the first quarter of 2025, the Compensation Committee determined the cash bonus awards for Messrs. Le, Kang and Shao with respect to performance in 2024 as follows:

|              |     | Individual Annual Cash 
  Bonus Target for 2024 
                    ($) |     | Achievement 
  Percentage 
         (%) |     | Individual Bonus 
           Payout 
              ($) |
| Phong Q. Le  |     |                800,000 |     |         110 |     |          880,000 |
| Andrew Kang  |     |                500,000 |     |         110 |     |          550,000 |
| W. Ming Shao |     |                500,000 |     |         110 |     |          550,000 |

Equity Awards In September 2013, the Board adopted the 2013 Equity Plan, and in April 202