Company: MSTR
Filing Date: 2025-05-01
Form Type: 424B5
Source: 0001193125-25-109950
Chunk: 19

Company: Strategy Inc
Filing Date: 2025-05-01
Form: 424B5
Chunk 19
---
F Dividend Rate (as defined below), from, and including, such Regular STRF Dividend Payment Date to, but excluding, the
date the same, including all Compounded STRF Dividends thereon, is paid in full. The “Compounded STRF Dividend Rate” applicable to any unpaid Regular STRF Dividend that was due on a Regular STRF Dividend Payment Date (or, if such Regular
STRF Dividend Payment Date is not a business day, the next business day) will initially be a rate per annum equal to the Regular STRF Dividend Rate plus 100 basis points; provided, however, that until such Regular STRF Dividend, together with
Compounded STRF Dividends thereon, is paid in full, such Compounded STRF Dividend Rate will increase by 100 basis points per annum for each subsequent Regular STRF Dividend period, up to a maximum rate of 18% per annum.

S-15

PLAN OF DISTRIBUTION

We have entered into a Sales Agreement with the Agents, under which we may offer and sell up to $21,000,000,000 of our shares of class A
common stock from time to time through the Agents acting as our sales agents, or their respective broker-dealer affiliates (each such entity, a “Selling Agent”). Sales of our shares of class A common stock, if any, under this prospectus
supplement will be made by any method that is deemed to be an “at the market offering” as defined in Rule 415(a)(4) under the Securities Act or any other method permitted by law, which may include negotiated transactions or block trades.
We entered into the Sales Agreement on May 1, 2025.

Each time we wish to issue and sell shares of our class A common stock under the
Sales Agreement, we will notify an Agent of the number of shares to be issued, the dates on which such sales are anticipated to be made, any limitation on the number of shares to be sold in any one day and any minimum price below which sales may not
be made. Once we have so instructed an Agent, unless such Agent declines to accept the terms of such notice, such Agent has agreed to use its commercially reasonable efforts consistent with its normal trading and sales practices to sell such shares
up to the amount specified on such terms. The obligations of an Agent under the Sales Agreement to sell our shares of class A common stock are subject to a number of conditions that we must