Company: MSTR
Filing Date: 2025-05-22
Form Type: 424B5
Source: 0001193125-25-124554
Chunk: 49

Company: Strategy Inc
Filing Date: 2025-05-22
Form: 424B5
Chunk 49
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 class, of at least a majority of the perpetual strife preferred stock then outstanding. Certain Amendments Permitted Without Consent Notwithstanding anything to the contrary described in paragraph (1) above under the caption “—Voting and Consent Rights with Respect to Specified Matters,” we may amend, modify or repeal any of the terms of the perpetual strife preferred stock without the vote or consent of any preferred stockholder to:

| • |     | cure any ambiguity or correct any omission, defect or inconsistency in the certificate of designations or the 
 certificates representing the perpetual strife preferred stock, including the filing of a certificate of      |

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| correction, or a corrected instrument, pursuant to Section 103(f) of the Delaware General Corporation Law in connection therewith; |

| • |     | provide for or confirm the issuance of additional perpetual strife preferred stock pursuant to the certificate of 
 designations;                                                                                                     |

| • |     | provide for any transfer restrictions that apply to any shares of perpetual strife preferred stock (other than                                                                                                                             
 the shares of perpetual strife preferred stock issued in this offering and any shares of perpetual strife preferred stock issued in exchange therefor or in substitution thereof) that, at the time of their original issuance, constitute 
 “restricted securities” within the meaning of Rule 144 under the Securities Act or that are originally issued in reliance upon Regulation S under the Securities Act; or                                                                   |

| • |     | make any other change to our certificate of incorporation, the certificate of designations or the certificates                                                                                                                                         
 representing the perpetual strife preferred stock that does not, individually or in the aggregate with all other such changes, adversely affect the rights of any preferred stockholder (other than preferred stockholders that have consented to such 
 change), as such, in any material respect (as determined by our board of directors in good faith).                                                                                                                                                     |

Procedures for Voting and Consents If any vote or consent of the preferred stockholders will be held or solicited, including at a regular annual meeting or a special meeting of stockholders, then our board of directors will adopt customary rules and procedures at its discretion to govern such vote or consent, subject to the other provisions described in this section. Such rules and procedures may include fixing a record date to determine the preferred stockholders (and, if applicable, holders of voting parity stock) that are entitled to vote or provide consent, as applicable, rules governing the solicitation and use of proxies or written consents and customary procedures for the nomination and designation, by preferred stockholders (and