Company: MSTR
Filing Date: 2025-02-18
Form Type: 10-K
Source: 0000950170-25-021814
Chunk: 555

Company: Strategy Inc
Filing Date: 2025-02-18
Form: 10-K
Item: Item 2
Chunk 555
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 fair value of the look-back provision using the Black-Scholes valuation model, recognized on a straight-line basis over the offering period. The grant date is the offering period commencement date. During the years ended December 31, 2024, 2023, and 2022, the Company recognized approximately $2.2 million, $1.9 million and $2.4 million, respectively, in share-based compensation expense related to the 2021 ESPP. As of December 31, 2024, there was approximately $0.5 million of total unrecognized share-based compensation expense related to the 2021 ESPP, which the Company expects to recognize over a period of approximately 0.2 years. Tax Benefits Related to Equity Plans The following table summarizes the tax (benefit) expense related to the Company’s equity plans (in thousands) for the periods indicated: 

        Years Ended December 31,

        2024

        2023

        2022

        Tax (benefit) expense related to:

        Share-based compensation expense
         
        $
        (15,652
        )
         
        $
        (12,874
        )
         
        $
        (12,155
        )

        Exercises of stock options and vesting of share-settled restricted stock units

        (216,477
        )

        (3,367
        )

        1,370

        Total tax benefit related to the Company's equity plans
         
        $
        (232,129
        )
         
        $
        (16,241
        )
         
        $
        (10,785
        )

108

(12) Basic and Diluted (Loss) Earnings per ShareThe following table sets forth the computation of basic and diluted (loss) earnings per share (in thousands, except per share data) for the periods indicated:  

        Years Ended December 31,

        2024

        2023

        2022

        Numerator:

        Net (loss) income - Basic
         
        $
        (1,166,661
        )
         
        $
        429,121

        $
        (1,469,797
        )

        Effect of dilutive shares on net (loss) income:

        Interest expense on 2025 Convertible Notes, net of tax

        0

        5,648

        0

        Interest expense on 2027