Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0000950170-25-094137
Chunk: 9

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 9
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, taken together; or (ii) in the case of STRK Stock, if the total aggregate Liquidation Preference of all STRK Stock then outstanding is less than $182,500,000 (which is equal to 25% of the aggregate Liquidation Preference of the STRK Stock issued on February 5, 2025) (collectively, an “Optional Redemption”). Strategy will also have the right, at its election, to redeem all, and not less than all, of any series of Preferred Stock, at any time, for cash if a “ Tax Event” (as defined in the applicable certificate of designations) occurs (such a redemption, a “ Tax Redemption”).

Redemption Price

The cash redemption price is as follows:

• For STRK Stock, (i) in the case of an Optional Redemption, an amount equal to the Liquidation Preference of the STRK Stock to be redeemed, plus accumulated and unpaid Regular STRK Dividends to, but excluding, the redemption date; and (ii) in the case of a Tax Redemption, an amount equal to (i) the greater of (1) the Liquidation Preference of the STRK Stock to be redeemed; and (2) the average of the last reported sale prices per share of STRK Stock for the five consecutive trading days ending on, and including, the trading day immediately before the date on which Strategy sends the related redemption notice, plus (ii) accumulated and unpaid Regular STRK Dividends to, but excluding, the redemption date.

• For STRF Stock and STRD Stock, for either an Optional Redemption or a Tax Redemption, an amount equal to (i) the Liquidation Preference of each share of such series of Preferred Stock as of the business day before Strategy sends the related redemption notice, plus (ii) (1) in the case of STRF Stock, accumulated and unpaid Regular STRF Dividends on each redeemed share, or (2) in the case of STRD Stock, any declared and unpaid Regular STRD Dividends, if any, on each redeemed share that will have accrued, in each case to, but excluding, the redemption date.

Fundamental Change Permits Preferred Stockholders to Require Us to Repurchase Preferred Stock

If a “ Fundamental Change” (as defined in the applicable certificate of designations) occurs, then (subject to a limited exception in the case of STRK Stock) holders of each series of Preferred Stock will have the right to require Strategy to repurchase some or all of