Company: MSTR
Filing Date: 2025-03-10
Form Type: 424B5
Source: 0001193125-25-050408
Chunk: 44

Company: Strategy Inc
Filing Date: 2025-03-10
Form: 424B5
Chunk 44
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 or other cash amounts due on any perpetual strike preferred stock represented by a physical certificate as follows:

| • |     | if the aggregate “liquidation preference” (as defined below under the caption                                                                                                                                                                          
 “—Definitions”) of the perpetual strike preferred stock represented by such physical certificate is at least $5.0 million (or such lower amount as we may choose in our sole and absolute discretion) and the holder of such                           
 perpetual strike preferred stock entitled to such cash regular dividend or amount has delivered to the paying agent, no later than the time set forth below, a written request to receive payment by wire transfer to an account of such holder within 
 the United States, by wire transfer of immediately available funds to such account; and                                                                                                                                                                |

| • |     | in all other cases, by check mailed to the address of such holder set forth in the register for the perpetual 
 strike preferred stock.                                                                                       |

To be timely, a written request referred to in the first bullet point above must be delivered no later than the “close of business” (as defined below under the caption “—Definitions”) on the following date: (i) with respect to the payment of any declared cash regular dividend due on a regular dividend payment date for the perpetual strike preferred stock, the immediately preceding regular record date; and (ii) with respect to any other payment, the date that is 15 calendar days immediately before the date such payment is due. If the due date for a payment on any perpetual strike preferred stock is not a “business day” (as defined below under the caption “—Definitions”), then such payment may be made on the immediately following business day with the same force and effect as if such payment were made on that due date, and no interest, dividend or other amount will accrue or accumulate on such payment as a result of the related delay. Solely for purposes of the immediately preceding sentence, a day on which the applicable place of payment is authorized or required by law or executive order to close or be closed will be deemed not to be a “business day.” Ranking The perpetual strike preferred stock ranks as follows:

| • |     | senior to (i) “dividend junior stock” (as defined below under the caption                                                                                                                             
 “—Definitions”) with respect to the payment of dividends; and (ii) “liquidation junior stock” (as defined below under the caption “—Definitions”) with respect to the distribution of assets upon our 
 liquidation, dissolution or winding up;                                                                                                                                                               |

| •