Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 202

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 202
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 4,031 |     |     0 |
| 2031 Convertible Notes |     |              2,594 |     |      0 |     |             1,863 |     |     0 |
| 2032 Convertible Notes |     |              3,915 |     |      0 |     |             1,506 |     |     0 |
| Total                  |     |             27,924 |     | 40,303 |     |            31,460 |     | 6,690 |

(10) At-the-Market Equity Offerings From time to time, the Company has entered into sales agreements with agents pursuant to which the Company could issue and sell shares of its class A common stock through at-the-market equity offering programs. Pursuant to these agreements, the Company agreed to pay the sales agents commissions for their services in acting as agents with respect to the sale of shares through the at-the-market equity offering programs and also agreed to provide the sales agents with reimbursement for certain incurred expenses and customary indemnification and contribution rights. The following table summarizes the terms and provisions of each sales agreement, and pursuant to each at-the-market equity offering program that was active during the nine months ended September 30, 2024 and the year ended December 31, 2023. The maximum aggregate offering price and cumulative net proceeds (less sales commissions and expenses) for each at-the-market equity offering program in the following table are reported in thousands.

| Agreement effective date                                                                 |     | August 2024 
       Sales 
   Agreement 
   August 1, 
        2024 |     | November 2023 
         Sales 
     Agreement 
  November 30, 
          2023 |     |       August 2023 
             Sales 
         Agreement 
         August 1, 
              2023 |     |       May 2023 
          Sales 
      Agreement 
         May 1, 
           2023 |     |         2022 
        Sales 
    Agreement 
 September 9, 
         2022 |
|:-----------------------------------------------------------------------------------------|:----|------------:|:----|--------------:|:----|------------------:|:----|---------------:|:----|-------------:|
| Maximum aggregate offering price                                                         |     |  $2,000,000 |     |      $750,000 |     |          $750,000 |     |       $625,000 |