Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 53

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 53
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, and motivate the applicable executive officer based on the scope of the executive officer’s responsibilities, employment, and compensation history with us, overall compensation arrangements, including outstanding equity awards held by the executive officer, and long-term potential to enhance stockholder value, all in the context of general economic and industry conditions and Company performance. The Compensation Committee generally targeted for each of the executive officers a total value of equity awards in the upper quartile relative to the Company’s peer group. On August 7, 2024, the Company effected a 10-for-1stock split (the “Stock Split”) of the Company’s Class A Stock and Class B Stock by means of stock dividend. Pursuant to the 2023 Equity Plan, the Compensation Committee granted the following awards to named executive officers in March 2024 (retroactively adjusted to reflect the Stock Split):

|              |     | Stock Options |        |     | PSUs |        |     | RSUs |        |
| Phong Q. Le  |     |               | 26,730 |     |      | 18,630 |     |      | 29,280 |
| Andrew Kang  |     |               |  9,550 |     |      |  6,660 |     |      | 21,300 |
| W. Ming Shao |     |               |  5,730 |     |      |  4,000 |     |      | 19,970 |

In each case, the awards were granted on the terms and conditions as described below. All outstanding awards are also subject to such other terms and conditions as are set forth in the applicable plan and the applicable award agreement. Stock Options Outstanding stock options generally vest as to 25% of the original number of shares subject to the award on the first anniversary of the grant date and as to an additional 25% on each anniversary thereafter until the award is vested in full, unless earlier terminated in accordance with the terms of the applicable equity plan or the applicable award agreement; provided that awards granted to executive officers will vest in full, to the extent not already vested, upon the occurrence of a “change in control event” if the executive officer is terminated without “cause” by the Company or resigns for “good reason” (in each case as defined in the applicable award agreement) within 12 months following the change in control event or if the acquiring company does not assume the award or substitute equivalent awards. The outstanding stock options have an exercise price per