Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 80

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 80
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ao; |

| • |     | For 2021, Messrs. Lang, Le, and Shao; |

| • |     | For 2020, Ms. Mayr and Messrs. Lang, Le, and Shao. |

| (4) | For the fiscal years ended December 31, 2024, 2023, 2022, 2021, and 2020 represents the cumulative total shareholder return (“TSR”) of our Class A Stock (“Strategy TSR”) for the measurement periods beginning as of market close on December 31, 2019 and ending on December 31, 2024, 2023, 2022, 2021 and 2020, respectively. |

| (5) | For the fiscal years ended December 31, 2024, 2023, 2022, 2021 and 2020, represents the cumulative TSR of the Nasdaq Computer Index (“Peer Group TSR”) for the measurement periods beginning as of market close on December 31, 2019 and ending on December 31 of each of 2024, 2023, 2022, 2021, and 2020, respectively. The Nasdaq Computer Index is the peer group used by the Company for purposes of Item 201(e) of RegulationS-Kunder the Exchange Act in the Company’s Annual Report on Form10-Kfor the fiscal year ended December 31, 2024. |

| (6) | Reflects “Net Income (Loss)” for the fiscal years ended December 31, 2024, 2023, and 2022 included in the Company’s Consolidated Statements of Operations included in the Company’s Annual Report on Form10-Kfor the fiscal year ended December 31, 2024, and “NetIncome (Loss)” for the fiscal years ended December 31, 2021 and 2020 included in the Company’s Consolidated Statements of Operations included in the Company’s Annual Report on Form10-Kfor the fiscal year ended December 31, 2022. |

| (7) | Non-GAAPAdjusted Income from Operationsis anon-GAAPfinancial measure calculated by adjusting loss from operations to exclude digital asset impairment losses and share-based compensation expense. |

The following table lists the six financial and non-financial performance measures that, in our assessment, represent the most important performance measures that our Compensation Committee and President & CEO, as applicable, assessed to link the CAP Amounts for our