Company: MSTR
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124554
Chunk: 55

Company: Strategy Inc
Filing Date: 2025-05-22
Form: 424B5
Chunk 55
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 amount (as a result of withholding or other similar taxes) than such owner would have received
had we repurchased such perpetual strife preferred stock.

No Preemptive Rights

Without limiting the rights of preferred stockholders described above, the perpetual strife preferred stock does not have any preemptive rights to subscribe
for or purchase any of our securities.

S-40

Calculations

Responsibility; Schedule of Calculations

Except as otherwise provided in the certificate of designations, we will be responsible for making all calculations called for under the certificate of
designations or the perpetual strife preferred stock, including determinations of the last reported sale prices, liquidation preference, fundamental change repurchase price, redemption price and accumulated regular dividends and compounded dividends
on the perpetual strife preferred stock. We will make all calculations in good faith, and, absent manifest error, our calculations will be final and binding on all preferred stockholders. We will provide a schedule of these calculations to any
preferred stockholder or any beneficial owner of any perpetual strife preferred stock upon written request.

Calculations Aggregated for Each Preferred Stockholder

The composition of the consideration due upon the payment of the fundamental change repurchase price or redemption
price for, and the payment on a regular dividend payment date of regular dividends on, the perpetual strife preferred stock of any preferred stockholder will (in the case of a global certificate, to the extent

permitted by, and practicable under, the depositary procedures) be computed based on the total number of shares of perpetual strife preferred stock of such
preferred stockholder to be repurchased (in the case of payment of the fundamental change repurchase price) or redeemed (in the case of payment of the redemption price) or held by such preferred stockholder as of the close of business on the related
regular record date (in the case of payment of such regular dividends), as applicable. Any cash amounts due to such preferred stockholder in respect thereof will, after giving effect to the preceding sentence, be rounded to the nearest cent.

Notices

We will send all notices or communications to
preferred stockholders pursuant to the certificate of designations in writing by first class mail, certified or registered, return receipt requested, or by overnight air courier guaranteeing next day delivery, to the preferred stockholders’
respective addresses shown on the register for the perpetual strife preferred stock. However, in the case of perpetual strife preferred stock represented by one or more global certificates, we are permitted to send notices or communications to
preferred stockholders pursuant to