[Form 4] MicroStrategy Incorporated 8.00% Series A Perpetual Strike Preferred Stock Insider Trading Activity
Andrew Kang, listed as EVP & CFO, reported exercising 18,750 Class A common shares on 08/07/2025 under an employee stock option with a conversion/exercise price of $19.744. The filing states those 18,750 shares vested on 05/18/2024.
On the same date he reported three sales of 6,250 shares each at $390, $395 and $400. After these transactions the filing shows direct beneficial ownership of Class A common stock of 24,460 shares. The option cited has 87,500 remaining shares subject to it with vesting: 12,500 vested 05/18/2024, 37,500 vested 05/18/2025, and 37,500 scheduled to vest 05/18/2026.
Andrew Kang, indicato come EVP & CFO, ha esercitato 18,750 azioni ordinarie di Classe A il 08/07/2025 nell'ambito di un'opzione azionaria per dipendenti con prezzo di conversione/esercizio di $19.744. L'invio riporta che queste 18,750 azioni sono maturate il 05/18/2024.
Nello stesso giorno ha dichiarato tre vendite di 6,250 azioni ciascuna a $390, $395 e $400. Dopo tali operazioni il deposito mostra una partecipazione diretta in azioni ordinarie di Classe A pari a 24,460 azioni. L'opzione citata ha 87,500 azioni rimanenti soggette alla stessa, con vesting: 12,500 maturate il 05/18/2024, 37,500 maturate il 05/18/2025 e 37,500 previste per il 05/18/2026.
Andrew Kang, registrado como EVP & CFO, inform贸 haber ejercido 18,750 acciones ordinarias Clase A el 08/07/2025 bajo una opci贸n de acciones para empleados con precio de conversi贸n/ejercicio de $19.744. La presentaci贸n indica que esas 18,750 acciones se consolidaron el 05/18/2024.
En la misma fecha report贸 tres ventas de 6,250 acciones cada una a $390, $395 y $400. Tras estas transacciones la presentaci贸n muestra una titularidad beneficiaria directa de acciones ordinarias Clase A de 24,460 acciones. La opci贸n citada tiene 87,500 acciones restantes sujetas a ella, con vencimientos: 12,500 consolidadas el 05/18/2024, 37,500 el 05/18/2025 y 37,500 programadas para el 05/18/2026.
Andrew Kang鞚�(電�) EVP 瓴� CFO搿� 霌膘灛霅橃柎 鞛堨溂氅�, 08/07/2025鞐� 膦呾梾鞗� 欤检嫕毵れ垬靹犿儩甓岇潉 韱淀暣 18,750欤检潣 Class A 氤错喌欤茧ゼ $19.744鞚� 頄夓偓/旆摑臧�搿� 頄夓偓頄堧嫟瓿� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 鞚� 18,750欤缄皜 05/18/2024鞐� 甓岆Μ臧� 頇曥爼(vested)霅橃棃雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟.
臧欖潃 雮� 攴鸽姅 臧侁皝 6,250欤检敥, $390, $395, $400鞐� 靹� 彀 毵る弰毳� 鞁犼碃頄堨姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 鞝滌稖靹滊鞐愲姅 Class A 氤错喌欤检棎 雽�頃� 歆侅爲鞝� 鞁れ唽鞙犼皜 24,460欤茧 響滌嫓霅橃柎 鞛堨姷雼堧嫟. 鞏戈笁霅� 鞓奠厴鞐愲姅 87,500欤检潣 鞛旍棳 雽�靸� 欤检嫕鞚� 雮晞 鞛堨溂氅�, vesting 鞚检爼鞚� 雼れ潓瓿� 臧欖姷雼堧嫟: 12,500欤缄皜 05/18/2024鞐� 鞚措 頇曥爼, 37,500欤缄皜 05/18/2025鞐� 頇曥爼, 37,500欤缄皜 05/18/2026鞐� 頇曥爼 鞓堨爼鞛呺媹雼�.
Andrew Kang, indiqu茅 comme EVP et CFO, a d茅clar茅 l'exercice de 18,750 actions ordinaires de Classe A le 08/07/2025 dans le cadre d'une option sur actions accord茅e aux employ茅s, au prix de conversion/exercice de $19.744. Le d茅p么t pr茅cise que ces 18,750 actions ont acquis leurs droits le 05/18/2024.
Le m锚me jour, il a d茅clar茅 trois ventes de 6,250 actions chacune aux prix de $390, $395 et $400. Apr猫s ces op茅rations, le dossier indique une propri茅t茅 b茅n茅ficiaire directe de Class A de 24,460 actions. L'option mentionn茅e comporte 87,500 actions restantes assujetties, avec vesting : 12,500 acquises le 05/18/2024, 37,500 le 05/18/2025 et 37,500 pr茅vues le 05/18/2026.
Andrew Kang, aufgef眉hrt als EVP & CFO, meldete die Aus眉bung von 18,750 Class A Stammaktien am 08/07/2025 im Rahmen einer Mitarbeiteraktienoption zu einem Aus眉bungspreis von $19.744. Die Einreichung gibt an, dass diese 18,750 Aktien am 05/18/2024 bereits f盲llig geworden sind.
Am selben Tag meldete er drei Verk盲ufe von jeweils 6,250 Aktien zu $390, $395 und $400. Nach diesen Transaktionen weist die Einreichung eine direkte wirtschaftliche Eigent眉merschaft an Class A Stammaktien in H枚he von 24,460 Aktien aus. Die genannte Option umfasst noch 87,500 verbleibende Aktien, mit folgenden Vesting-Terminen: 12,500 f盲llig 05/18/2024, 37,500 f盲llig 05/18/2025 und 37,500 geplant f眉r 05/18/2026.
- Exercise of 18,750 option shares at a stated conversion price of $19.744
- Three reported sales of 6,250 shares each at $390, $395, and $400鈥攁ll explicitly disclosed
- Remaining option holdings quantified: 87,500 shares subject to the option with specific vesting dates
- Direct holdings reduced to 24,460 Class A shares after the reported sales
- Substantial disposition of 18,750 shares on a single day by an executive, which may reduce insider share exposure
Insights
TL;DR: EVP exercised 18,750 options at $19.744 and immediately sold the same number of shares in three tranches at $390鈥�$400.
The filing shows a routine insider exercise-and-sale on 08/07/2025: an in-the-money option exercise at a $19.744 strike followed by three block sales of 6,250 shares each at $390, $395, and $400. The transactions reduced direct holdings to 24,460 shares while leaving 87,500 option shares outstanding on a defined vesting schedule. For investors, this is a liquidity event by management rather than a corporate action; it signals option monetization but does not, by itself, change company capital structure.
TL;DR: Insider disclosure is complete and includes vesting schedule; transactions appear documented and signed by attorney-in-fact.
The Form 4 details exercised options, corresponding sales, and a clear vesting timeline: vested tranches on 05/18/2024 and 05/18/2025, with remaining vesting on 05/18/2026. The signature block shows filing was executed by an attorney-in-fact on 08/11/2025. From a governance perspective, the filing meets Section 16 transparency expectations by reporting both acquisition and disposition amounts and the remaining derivative position.
Andrew Kang, indicato come EVP & CFO, ha esercitato 18,750 azioni ordinarie di Classe A il 08/07/2025 nell'ambito di un'opzione azionaria per dipendenti con prezzo di conversione/esercizio di $19.744. L'invio riporta che queste 18,750 azioni sono maturate il 05/18/2024.
Nello stesso giorno ha dichiarato tre vendite di 6,250 azioni ciascuna a $390, $395 e $400. Dopo tali operazioni il deposito mostra una partecipazione diretta in azioni ordinarie di Classe A pari a 24,460 azioni. L'opzione citata ha 87,500 azioni rimanenti soggette alla stessa, con vesting: 12,500 maturate il 05/18/2024, 37,500 maturate il 05/18/2025 e 37,500 previste per il 05/18/2026.
Andrew Kang, registrado como EVP & CFO, inform贸 haber ejercido 18,750 acciones ordinarias Clase A el 08/07/2025 bajo una opci贸n de acciones para empleados con precio de conversi贸n/ejercicio de $19.744. La presentaci贸n indica que esas 18,750 acciones se consolidaron el 05/18/2024.
En la misma fecha report贸 tres ventas de 6,250 acciones cada una a $390, $395 y $400. Tras estas transacciones la presentaci贸n muestra una titularidad beneficiaria directa de acciones ordinarias Clase A de 24,460 acciones. La opci贸n citada tiene 87,500 acciones restantes sujetas a ella, con vencimientos: 12,500 consolidadas el 05/18/2024, 37,500 el 05/18/2025 y 37,500 programadas para el 05/18/2026.
Andrew Kang鞚�(電�) EVP 瓴� CFO搿� 霌膘灛霅橃柎 鞛堨溂氅�, 08/07/2025鞐� 膦呾梾鞗� 欤检嫕毵れ垬靹犿儩甓岇潉 韱淀暣 18,750欤检潣 Class A 氤错喌欤茧ゼ $19.744鞚� 頄夓偓/旆摑臧�搿� 頄夓偓頄堧嫟瓿� 鞁犼碃頄堨姷雼堧嫟. 鞝滌稖靹滊鞐愲姅 鞚� 18,750欤缄皜 05/18/2024鞐� 甓岆Μ臧� 頇曥爼(vested)霅橃棃雼り碃 旮办灛霅橃柎 鞛堨姷雼堧嫟.
臧欖潃 雮� 攴鸽姅 臧侁皝 6,250欤检敥, $390, $395, $400鞐� 靹� 彀 毵る弰毳� 鞁犼碃頄堨姷雼堧嫟. 鞚� 瓯半灅霌� 鞚错泟 鞝滌稖靹滊鞐愲姅 Class A 氤错喌欤检棎 雽�頃� 歆侅爲鞝� 鞁れ唽鞙犼皜 24,460欤茧 響滌嫓霅橃柎 鞛堨姷雼堧嫟. 鞏戈笁霅� 鞓奠厴鞐愲姅 87,500欤检潣 鞛旍棳 雽�靸� 欤检嫕鞚� 雮晞 鞛堨溂氅�, vesting 鞚检爼鞚� 雼れ潓瓿� 臧欖姷雼堧嫟: 12,500欤缄皜 05/18/2024鞐� 鞚措 頇曥爼, 37,500欤缄皜 05/18/2025鞐� 頇曥爼, 37,500欤缄皜 05/18/2026鞐� 頇曥爼 鞓堨爼鞛呺媹雼�.
Andrew Kang, indiqu茅 comme EVP et CFO, a d茅clar茅 l'exercice de 18,750 actions ordinaires de Classe A le 08/07/2025 dans le cadre d'une option sur actions accord茅e aux employ茅s, au prix de conversion/exercice de $19.744. Le d茅p么t pr茅cise que ces 18,750 actions ont acquis leurs droits le 05/18/2024.
Le m锚me jour, il a d茅clar茅 trois ventes de 6,250 actions chacune aux prix de $390, $395 et $400. Apr猫s ces op茅rations, le dossier indique une propri茅t茅 b茅n茅ficiaire directe de Class A de 24,460 actions. L'option mentionn茅e comporte 87,500 actions restantes assujetties, avec vesting : 12,500 acquises le 05/18/2024, 37,500 le 05/18/2025 et 37,500 pr茅vues le 05/18/2026.
Andrew Kang, aufgef眉hrt als EVP & CFO, meldete die Aus眉bung von 18,750 Class A Stammaktien am 08/07/2025 im Rahmen einer Mitarbeiteraktienoption zu einem Aus眉bungspreis von $19.744. Die Einreichung gibt an, dass diese 18,750 Aktien am 05/18/2024 bereits f盲llig geworden sind.
Am selben Tag meldete er drei Verk盲ufe von jeweils 6,250 Aktien zu $390, $395 und $400. Nach diesen Transaktionen weist die Einreichung eine direkte wirtschaftliche Eigent眉merschaft an Class A Stammaktien in H枚he von 24,460 Aktien aus. Die genannte Option umfasst noch 87,500 verbleibende Aktien, mit folgenden Vesting-Terminen: 12,500 f盲llig 05/18/2024, 37,500 f盲llig 05/18/2025 und 37,500 geplant f眉r 05/18/2026.
FAQ
What did the Form 4 disclose for STRK on 08/07/2025?
How many option shares remain subject to the reporting person's grant?
What is Andrew Kang's direct beneficial ownership after the transactions?
At what prices were the shares sold in these transactions?
Who signed or filed the Form 4?
