Andrew Kang - Jun 5, 2023 Form 4 Insider Report for MICROSTRATEGY Inc (MSTR)

Role: SEVP & CFO
Signature: /s/ Joseph Phillips, Attorney-in-Fact
Stock symbol: MSTR
Transactions as of: Jun 5, 2023
Transactions value $: $0
Form type: 4
Date filed: 6/7/2023, 04:06 PM
Previous filing: May 19, 2023
Next filing: Feb 28, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	MSTR	Class A Common Stock						873	Jun 5, 2023	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	MSTR	Employee Stock Option (Right to buy)	Award	$0	+4.95K		$0.00	4.95K	Jun 5, 2023	Class A Common Stock	4.95K	$276.36	Direct	F1, F2
transaction	MSTR	Restricted Stock Units	Award	$0	+1.7K		$0.00	1.7K	Jun 5, 2023	Class A Common Stock	1.7K		Direct	F2, F3, F4
transaction	MSTR	Performance Stock Units	Award	$0	+3.41K		$0.00	3.41K	Jun 5, 2023	Class A Common Stock	3.41K		Direct	F2, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.
F2	See Exhibit A.
F3	Each restricted stock unit represents a contingent right to receive one share of MicroStrategy class A common stock.
F4	25 percent of these restricted stock units vest on the first anniversary of the grant date, and an additional 25 percent of the original number of restricted stock units vest on each anniversary thereafter until the restricted stock units are vested in full.
F5	Each PSU represents a contingent right to receive shares of MicroStrategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on MicroStrategy's relative total shareholder return (TSR) as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (June 1, 2023 to May 31, 2026). Vesting is subject to certification by MicroStrategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.