Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0001193125-25-155918
Chunk: 1

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 5.03
Chunk 1
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 Amendment will be treated as an execution of a sale transaction settled by the issuance of STRK Stock.

The STRK Stock will accumulate cumulative dividends (“ Regular Dividends”) at a rate per annum equal to 8.00% on the Stated Amount thereof, and will be payable when, as and if declared by Strategy’s board of directors, out of funds legally available for their payment to the extent paid in cash, quarterly in arrears on March 31, June 30, September 30 and December 31 of each year.

Strategy will have the right, at its election, to redeem all, and not less than all, of the STRK Stock, at any time, for cash if the total aggregate Stated Amount of all STRK Stock then outstanding is less than $182,500,000 (which is equal to 25% of the aggregate Stated Amount of the STRK Stock issued on February 5, 2025) (such a redemption, an “ Optional Redemption”). The redemption price for any STRK Stock to be redeemed pursuant to an Optional Redemption will be a cash amount equal to the Liquidation Preference of the STRK Stock to be redeemed as of the business day immediately before the date Strategy sends the related redemption notice, plus accumulated and unpaid Regular Dividends to, but excluding, the redemption date.

Strategy will also have the right, at its election, to redeem all, and not less than all, of the STRK Stock, at any time, for cash if a “ Tax Event” (as defined in the STRK Certificate of Designations) occurs (such a redemption, a “ Tax Redemption”). The redemption price for any STRK Stock to be redeemed pursuant to a Tax Redemption will be a cash amount equal to (i) the greater of (1) the Liquidation Preference of the STRK Stock to be redeemed as of the business day immediately before the date Strategy sends the related redemption notice; 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 Dividends to, but excluding, the redemption date.

If a “ Fundamental Change” (as defined in the STRK Certificate of Designations) occurs, then, subject to a limited exception, holders of STRK Stock will have the right to require Strategy to repurchase some or all of their shares of STRK