Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 28

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 28
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| • | provide a high degree of engagement and responsiveness; |

| • | possess a high level of experience, qualifications, attributes, and skills; and |

| • | be capable of evaluating complex equity and debt capital markets transactions in support of the Company’s strategic initiatives and nimbly assessing and changing direction based on variations in, and the unpredictability of, the capital markets. |

In addition, the Board considered the significant competition for talent in the Company’s industry. Accordingly, on December 20, 2024, the Board adopted the 2024 Plan Amendment, subject to stockholder approval.

14

TABLE OF CONTENTS

Outstanding equity awards under equity-based compensation plans and arrangements The following table includes information, as of December 13, 2024, regarding all of our outstanding equity awards under all of our equity-based compensation plans and arrangements under which Class A Stock may be issued. This includes Class A Stock subject to outstanding awards under the Current Plan and under the MicroStrategy Incorporated 2013 Stock Incentive Plan (the “2013 Plan”) and up to 2,603,250 shares of Class A Stock available under the Current Plan for future awards that we may make after December 13, 2024. The table does not include shares issuable under the MicroStrategy Incorporated 2021 Employee Stock Purchase Plan (the “2021 ESPP”) or outstanding equity awards that may only be settled in cash. No additional shares of Class A Stock are being requested pursuant to the 2024 Plan Amendment.

| Number of outstanding stock options                                                                                                                                                         |     |   4,970,482 |
| Weighted average exercise price of outstanding stock options                                                                                                                                |     |      $38.55 |
| Weighted average remaining contractual term of outstanding stock options (years)                                                                                                            |     |         6.6 |
| Number of outstanding share-settled RSUs and performance-based share units (“PSUs”)(1)                                                                                                      |     |   1,849,840 |
| Shares of Class A Stock available under the Current Plan for awards that we may grant after December 13, 2024                                                                               |     |   2,603,250 |
| Estimated total number of shares of Class A Stock underlying the Initial Director Grants to Brian Brooks, Jane Dietze and Gregg Winiarski                                                   |     |      19,362 |
| Estimated total number of shares of Class A Stock available for the grant of new awards under all equity-based compensation plans, assuming stockholder