Company: MSTR
Filing Date: 2025-04-28
Form Type: DEF 14A
Source: 0001193125-25-100720
Chunk: 66

Company: Strategy Inc
Filing Date: 2025-04-28
Form: DEF 14A
Chunk 66
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 are set forth in the PSU agreement and the 2023 Equity Plan. The “target” number of PSUs is provided in this table. |

| (5) | The market value of the PSUs is based on the closing price of our Class A Stock on Nasdaq on December 31, 2024, and assumes a payout factor of 200% based on our relative TSR compared to the TSR of the members of the Nasdaq Composite Index during the applicable periods. |

Option Exercises and Stock Vested in 2024 The following table sets forth information concerning (i) the number of shares acquired and the value realized on exercise or transfer for value of stock options and (ii) the number of shares acquired, and the value realized on vesting of stock awards during the fiscal year ended December 31, 2024, by each of the executive officers.

|                   |     | Option Awards                             |           |     |                                |             |     | Stock Awards                             |        |     |                               |           |
| Name              |     | Number of Shares Acquired on Exercise (#) |           |     | Value Realized on Exercise ($) |             |     | Number of Shares Acquired on Vesting (#) |        |     | Value Realized on Vesting ($) |           |
| Michael J. Saylor |     |                                           | 4,000,000 |     |                                | 363,497,489 |     |                                          |      — |     |                               |         — |
| Phong Q. Le       |     |                                           |   348,838 |     |                                |  30,171,604 |     |                                          | 14,420 |     |                               | 2,642,187 |
| Andrew Kang       |     |                                           |    37,500 |     |                                |   2,523,249 |     |                                          | 16,750 |     |                               | 2,562,415 |
| W. Ming Shao      |     |                                           |   175,000 |     |                                |  22,530,877 |     |                                          |  6,330 |     |                               | 1,428,848 |

Potential Payments Upon Termination or Change in Control The options to purchase shares of our Class A Stock granted to the executive officers outstanding as of December 31, 2024 provide for vesting in full in connection with a change in control event if the executive officer is terminated without “cause”