Company: MSTR
Filing Date: 2025-07-07
Form Type: 8-K
Source: 0000950170-25-094137
Chunk: 5

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 8-K
Item: Item 8.01
Chunk 5
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 Stock

Holders of the Company’s class A common stock generally have the same rights as holders of the Company’s class B common stock, except that holders of class A common stock have one vote per share while holders of class B common stock have ten votes per share.

Preferred Stock

Generally

In 2025, Strategy has issued shares of its STRK Stock, STRF Stock and STRD Stock. Each series of Preferred Stock has a par value of $0.001 per share and initially has a liquidation preference of $100 per share, subject to adjustment as set forth below (except in the case of STRK Stock which has a fixed liquidation preference of $100 per share) (the “Liquidation Preference”). The Preferred Stock ranks senior to Strategy’s class A common stock and class B common stock with respect to the payment of dividends and the distribution of assets upon Strategy’s liquidation, dissolution or winding up, junior to Strategy’s existing and future indebtedness and structurally junior to the liabilities of Strategy’s subsidiaries. If Strategy liquidates, dissolves or winds up, whether voluntarily or involuntarily, then the holders of Preferred Stock will be entitled to receive payment for, (i) in the case of STRK Stock and STRF Stock, the Liquidation Preference for, and all accumulated and unpaid Regular Dividends and any Compounded Dividends (each as defined below) on, each share of Preferred Stock; or (ii) in the case of STRD Stock, the Liquidation Preference for, and all declared and unpaid Regular Dividends on, each share of Preferred Stock, in each case out of Strategy’s assets or funds legally available for distribution to its stockholders, before any such assets or funds are distributed to, or set aside for the benefit of, holders of the class A common stock, class B common stock or other junior stock. STRF Stock ranks senior to STRK Stock and STRD Stock with respect to the payment

of dividends and the distribution of assets upon Strategy’s liquidation, dissolution or winding up. STRK Stock ranks senior to STRD Stock with respect to the payment of dividends and with respect to the distribution of assets upon Strategy’s liquidation, dissolution or winding up. Each series of Preferred Stock is subject to the rights and preferences of any other class or series of preferred stock then outstanding.

Regular Dividends

Holders of Preferred Stock are entitled to receive dividends payable when, as and if declared by Strategy’s board of directors, out of funds legally available for their