Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263746
Chunk: 5

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 5
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ated Amount | $100 per share of STRF Stock. |

| Liquidation Preference | Initially $100 per share of STRF Stock. The liquidation preference is subject to adjustment in the manner described in STRF Stock Annex. However, the liquidation preference will not be adjusted to an amount that is less than $100 per share of 
 STRF Stock.                                                                                                                                                                                                                                        |

| Regular Dividend Payment Dates | March 31, June 30, September 30 and December 31 of each year. |

| Regular Record Dates | March 15, June 15, September 15 and December 15. For the avoidance of doubt, a holder of any shares of STRF Stock that are issued in this offering after 5:00 p.m., New York City time, on a regular record date relating to a 
 declared regular dividend on the STRF Stock, will not be entitled to receive such regular dividend with respect to such shares.                                                                                                |

| Regular Record Dates | March 15, June 15, September 15 and December 15. For the avoidance of doubt, a holder of any shares of STRF Stock that are issued in this 
 offering after 5:00 p.m., New York City time, on a                                                                                        |

SA-1

| regular record date relating to a declared regular dividend on the STRF Stock, will not be entitled to receive such regular dividend with respect to such shares. |

| Regular Dividends | The STRF Stock accumulates cumulative dividends, which we refer to as “regular dividends,” at a rate per annum equal to 10.00% on the stated amount thereof, regardless of whether or not declared or funds are legally available for                     
 their payment. Subject to the other provisions described in this STRF Stock Annex, regular dividends are payable when, as and if declared by our board of directors or any duly authorized committee thereof, out of funds legally available for their    
 payment to the extent paid in cash, quarterly in arrears on each regular dividend payment date to the preferred stockholders of record as of the close of business on the regular record date immediately preceding the applicable regular dividend       
 payment date. For the avoidance of doubt, if a dividend is declared with respect to outstanding STRF Stock, any STRF Stock offered and sold hereby, and issued at or before 5:00 p.m., New York City time, on the record date for such declared dividend, 
 will be entitled to payment of such declared dividend (including the portion that was accrued but unpaid before