Company: MSTR
Filing Date: 2025-11-04
Form Type: 424B5
Source: 0001193125-25-263719
Chunk: 52

Company: Strategy Inc
Filing Date: 2025-11-04
Form: 424B5
Chunk 52
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 regular dividend rate per annum may be sent in the manner set forth in the definition of such term.

Definitions

“Affiliate” has the meaning set
forth in Rule 144 under the Securities Act as in effect on July 29, 2025.

“Board of directors” means our board of directors or a
committee of such board duly authorized to act on behalf of such board.

“Business day” means any day other than a Saturday, a Sunday or any
day on which the Federal Reserve Bank of New York is authorized or required by law or executive order to close or be closed.

“Capital stock”
of any person means any and all shares of, interests in, rights to purchase, warrants or options for, participations in, or other equivalents of, in each case however designated, the equity of such person, but excluding any debt securities
convertible into such equity.

“Class A common stock” means our class A common stock, $0.001 par value per share.

“Class B common stock” means our class B common stock, $0.001 par value per share.

“Close of business” means 5:00 p.m., New York City time.

“Compounded dividends” has the meaning set forth above under the caption “—Regular Dividends—Generally.”

“Depositary” means The Depository Trust Company or its successor, or any successor depositary for the applicable shares of STRC Stock.

“Depositary procedures” means, with respect to any transfer, exchange or other transaction involving a global certificate representing any STRC
Stock, or any beneficial interest in such certificate, the rules and procedures of the depositary applicable to such transfer, exchange or transaction.

“Dividend junior stock” means any class or series of our stock whose terms do not expressly provide that such class or series will rank senior to,
or equally with, the STRC Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate cumulatively). Dividend junior stock includes our class A common stock, class B common stock, STRK Stock and STRD Stock.
For the avoidance of doubt, dividend junior stock will not include any securities of our subsidiaries.

“Dividend parity stock” means any
class or series of our stock (other than the STRC Stock) whose terms expressly provide that such class or series will rank equally with the STRC Stock with respect to the payment of dividends (without regard to whether or not dividends accumulate
cumulatively). For the avoidance of doubt