Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263900
Chunk: 58

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 58
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 been obtained) in proportion to their respective liquidation amounts. Solely for these
purposes, the liquidation amount of the STRK Stock or any such class or series of voting parity stock will be the maximum amount payable in respect of the STRK Stock or such series, as applicable, assuming we are liquidated on the record date for
the applicable vote or consent (or, if there is no record date, on the date of such vote or consent).

At any meeting in which the STRK Stock (and, if
applicable, any class or series of voting parity stock) is entitled to elect any preferred stock director (including to fill any vacancy in the office of any preferred stock director), the presence, in person or by proxy, of holders of STRK Stock
(and, if applicable, holders of each such series) representing a majority of the outstanding voting power of the STRK Stock (and, if applicable, each such series) will constitute a quorum. The affirmative vote of a majority of the outstanding voting
power of the STRK Stock (and, if applicable, each such series) cast at such a meeting at which a quorum is present will be sufficient to elect a preferred stock director.

A consent or affirmative vote of the preferred stockholders pursuant to the provisions described above under the caption “—Voting and Consent
Rights with Respect to Specified Matters” may be given or obtained either in writing without a meeting or in person or by proxy at a regular annual meeting or a special meeting of stockholders.

Redemption at Our Option

The STRK Stock is not
redeemable at our option except pursuant to an optional redemption or a tax redemption, as described below.

Optional Redemption

Subject to the terms of the certificate of designations, we have the right, at our election, to redeem all, and not less than all, of the STRK Stock, at any
time, for cash if the total aggregate initial liquidation preference (or, upon ratification of the STRK Amendment, the stated amount) of all STRK Stock then outstanding is less than $182,500,000 (which is equal to 25% of the aggregate initial
liquidation preference (or, upon ratification of the STRK Amendment, the aggregate initial stated amount) of the STRK Stock issued on February 5, 2025). We refer to a redemption pursuant to the provision described in this paragraph as an
“optional redemption.”

Tax Redemption

Subject to the terms of the certificate of