Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 212

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 212
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 $98 |     |    $101 |     |              $287 |     |    $254 |
| Cost of product support revenues       |     |                966 |     |     565 |     |             2,951 |     |   1,597 |
| Cost of consulting revenues            |     |                468 |     |     535 |     |             1,349 |     |   1,423 |
| Cost of education revenues             |     |                 37 |     |      28 |     |                99 |     |      72 |
| Sales and marketing                    |     |              3,153 |     |   3,221 |     |            11,719 |     |  12,532 |
| Research and development               |     |              3,542 |     |   3,269 |     |            10,659 |     |   9,426 |
| General and administrative             |     |             11,113 |     |   9,087 |     |            30,725 |     |  24,551 |
| Total share-based compensation expense |     |            $19,377 |     | $16,806 |     |           $57,789 |     | $49,855 |

The $2.6 million increase in share-based compensation expense during the three months ended September 30, 2024, as compared to the same period in the prior year, was primarily due to the grant of additional awards under the Stock Incentive Plans, partially offset by the forfeiture of certain stock awards and certain awards that became fully vested. The $7.9 million increase in share-based compensation expense during the nine months ended September 30, 2024, as compared to the same period in the prior year, was primarily due to the grant of additional awards under the Stock Incentive Plans and the revaluation and exercise of certain liability-classified stock-based awards, partially offset by the forfeiture of certain stock awards and certain awards that became fully vested. As of September 30, 2024, we estimated that an aggregate of approximately $133.1 million of additional share-based compensation expense associated with the Stock Incentive Plans and the 2021 ESPP will be recognized over a remaining weighted average period of 2.4 years. Critical Accounting Estimates Our discussion and analysis of our financial condition and results of operations are based on our Consolidated Financial Statements, which