Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 67

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 67
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 of granting, vesting and/or payout of any Performance Award shall be subject to the achievement of one or more performance measures established by the Board, which may be based on the relative or absolute attainment of specified levels of one or any combination of the following, and which may be determined pursuant to generally accepted accounting principles (“

#### GAAP
”) or on a non-GAAP basis, as determined by the Board:

(1) net income;

(2) earnings before or after discontinued operations, interest, taxes, depreciation and/or amortization;

(3) operating profit before or after discontinued operations and/or taxes,

(4) sales;

(5) sales growth;

(6) earnings growth;

(7) cash flow or cash position;

(8) gross margins;

(9) stock price;

(10) market share;

(11) return on sales, assets, equity or investment;

(12) improvement of financial ratings;

(13) achievement of balance sheet or income statement objectives;

(14) total stockholder return; or

(15) any other metric determined by the Board.

<div align='center'>D-9</div>

#### TABLE OF CONTENTS
Such goals may reflect absolute entity or business unit performance or a relative comparison to the performance of a peer group of entities or other external measure of the selected performance criteria and may be absolute in their terms or measured against or in relationship to other companies comparably, similarly or otherwise situated. The Board may specify that such performance measures shall be adjusted to exclude any one or more of:

i. extraordinary items;

ii. gains or losses on the dispositions of discontinued operations;

iii. the cumulative effects of changes in accounting principles;

iv. the writedown of any asset;

v. fluctuation in foreign currency exchange rates;

vi. charges for restructuring and rationalization programs;

vii. non-cash, mark-to-market adjustments on derivative instruments;

viii. amortization of purchased intangibles;

ix. the net impact of tax rate changes;

x. non-cash asset impairment charges; and

xi. any other factors as the Board may determine.

Such performance measures:

a) may vary by Participant and may be different for different Awards;

b) may be particular to a Participant or the department, branch, line of business, subsidiary or other unit in which the Participant works and may cover such period as may be specified by the Board; and

c) may cover such period as may be specified by the Board.

The Board shall have the authority to make