Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 68

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 68
---
 the closing price of our Class A Stock on Nasdaq on December 31, 2024, (ii) 37,120 shares granted in June 2023, representing a benefit of $9,724,846, based on the difference between $27.636, the exercise price per share of the option, and $289.62, the closing price of our Class A Stock on Nasdaq on December 31, 2024; and (iii) 9,550 shares granted in March 2024, representing a benefit of $1,238,549, based on the difference between $159.929, the exercise price per share of the option, and $289.62, the closing price of our Class A Stock on Nasdaq on December 31, 2024; |

| • |     | vesting of the options held by Mr. Shao would have been accelerated with respect to (i) 50,000 shares granted in February 2021, representing a benefit of $11,024,850, based on the difference between $69.123, the exercise price per share of the option, and $289.62, the closing price of our Class A Stock on Nasdaq on December 31, 2024; |

| STRATEGY | 2025 Proxy Statement |     | 39 |

| (ii) 100,000 shares granted in February 2022, representing a benefit of $24,916,000, based on the difference between $40.46, the exercise price per share of the option, and $289.62, the closing price of our Class A Stock on Nasdaq on December 31, 2024; (iii) 100,000 shares granted in November 2022, representing a benefit of $27,212,000, based on the difference between $17.50, the exercise price per share of the option, and $289.62, the closing price of our Class A Stock on Nasdaq on December 31, 2024; and (iv) 5,730 shares granted in March 2024, representing a benefit of $743,129, based on the difference between $159.929, the exercise price per share of the option, and $289.62, the closing price of our Class A Stock on Nasdaq on December 31, 2024. |

As with the options, the RSUs granted to the executive officers outstanding as of December 31,