Company: MSTR
Filing Date: 2025-01-03
Form Type: DEF 14A
Source: 0001140361-25-000231
Chunk: 227

Company: Strategy Inc
Filing Date: 2025-01-03
Form: DEF 14A
Chunk 227
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 2024 and 2023. Our material contractual obligations and cash requirements consist of:

| • | principal and interest payments related to our long-term debt, which includes: |

| ○ | principal due upon maturity of our long-term debt instruments in the aggregate of $4.272 billion; |

| ○ | $3.2 million in coupon interest due each semi-annual period for the 2028 Convertible Notes; |

| ○ | $2.5 million in coupon interest due each semi-annual period for the 2030 Convertible Notes; |

| ○ | $2.6 million in coupon interest due each semi-annual period for the 2031 Convertible Notes; |

| ○ | $9.0 million in coupon interest due each semi-annual period for the 2032 Convertible Notes; and |

| ○ | $0.1 million due monthly in principal and interest related to our other long-term secured debt. |

| • | rent payments under noncancellable operating leases; |

| • | payments related to the mandatory deemed repatriation transition tax (the “Transition Tax”) under the U.S. Tax Cuts and Jobs Act (the “Tax Act”); |

| • | payments under various purchase agreements, primarily related to third-party cloud hosting services and third-party software supporting our products, marketing, and operations; and |

| • | ongoing personnel-related expenditures and vendor payments. |

F-43

TABLE OF CONTENTS

The above items are explained in further detail in Note 5, Long-term Debt, to the Consolidated Financial Statements included in this Quarterly Report as well as under “Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations-Liquidity and Capital Resources” included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023 and in the Notes to the Consolidated Financial Statements included therein. Other than (i) our issuances of the 2030 Convertible Notes, 2031 Convertible Notes, 2032 Convertible Notes, and 2028 Convertible Notes, (ii) the conversions and redemption of the 2025 Convertible Notes, and (iii) the redemption of the 2028 Secured Notes, all of which are described more fully below and in Note 5, Long-term Debt, to the Consolidated Financial Statements included in this Quarterly Report, there have been no changes to our material contractual obligations and cash requirements since December 31