Company: MSTR
Filing Date: 2025-07-07
Form Type: 424B5
Source: 0001193125-25-155880
Chunk: 14

Company: Strategy Inc
Filing Date: 2025-07-07
Form: 424B5
Chunk 14
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 any, that will 
 have accrued to, but excluding the fundamental change repurchase date. For the avoidance of doubt, the fundamental change repurchase price will not include payment of any undeclared regular dividends.                                          |

| See “Description of STRD Stock—Fundamental Change Permits Preferred Stockholders to Require Us to Repurchase STRD Stock.” |

| Voting Rights | The STRD Stock has no voting rights except as described in this prospectus supplement or as provided in our certificate of incorporation or required by the Delaware General Corporation Law. |

| Subject to the exceptions and limitations described in this prospectus supplement, the affirmative vote or consent of preferred stockholders, and holders of each class or series of voting parity stock, if any, with                               
 similar voting or consent rights with respect to such event, representing at least a majority of the combined outstanding voting power of the STRD Stock and such voting parity stock will be required for certain transactions or events, including 
 (i) certain amendments to our certificate of incorporation or the certificate of designations establishing the terms of the STRD Stock; (ii) certain consolidations, combinations and mergers involving us; and (iii) certain binding or             
 statutory share exchanges or reclassifications involving the STRD Stock.                                                                                                                                                                             |

| See “Description of STRD Stock—Voting Rights.” |

| Ranking | The STRD Stock ranks as follows: |

| • |     | senior to (i) “dividend junior stock” (as defined in this prospectus supplement, and which includes our                                              
 class A common stock and our class B common stock) with respect to the payment of dividends; and (ii) “liquidation junior stock” (as defined in this |

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| prospectus supplement, and which includes our class A common stock and our class B common stock) with respect to the distribution of assets upon our liquidation, dissolution or winding up; |

| • |     | equally with (i) “dividend parity stock” (as defined in this prospectus supplement) with respect to the                                                                                          
 payment of dividends; and (ii) “liquidation parity stock” (as defined in this prospectus supplement) with respect to the distribution of assets upon our liquidation, dissolution or winding up; |

| • |     | junior to (i) “dividend senior stock” and “liquidation senior stock” (as those terms are                                                                                                                                                   
 defined in this prospectus supplement, and which include our STRK Stock and our STRF Stock);