Strategy Director Jarrod Patten Sells 4,750 MSTR Shares After Option Exercise, Raising Approximately $670,000

On November 9, according to a Form 4 filing disclosed by the U.S. Securities and Exchange Commission (SEC), Jarrod M. Patten, a director at Strategy (MSTR), exercised stock options on November 4 at $18.236 per share, acquiring 4,750 shares of Class A common stock, which he subsequently sold in five separate transactions.

The filing shows that each of the five transactions sold 950 shares, with execution prices of $143, $145, $137, $139, and $141 per share respectively, totaling approximately $669,800 in sale proceeds. After deducting exercise costs of approximately $86,600, the net gain amounts to approximately $583,100, excluding taxes.

Following the transactions, Patten continues to directly hold 28,406 shares of Strategy Class A common stock.