Shao Wei-Ming's Form 4 filing
Strategy Inc (MSTR) · filed Nov 12, 2025
- Accession no.
- 0001193125-25-277745
- Filed
- Nov 12, 2025
- Trade date
- Nov 10-11, 2025
- Filing delay
- 2 days
- Rule 10b5-1 plan
- Checked
This filing lists 7 non-derivative transactions and 2 derivative transactions. Open-market sales total $2.58M. It was filed 2 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| Shao Wei-MingCIK 0001663488 | Officer (EVP & General Counsel) |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 10, 2025 | Class A Common Stock | MOption exerciseAcquired | +5,334 | $69.12 | +$368,686.08 | 18,060 | Direct | |
| Nov 10, 2025 | Class A Common Stock | SSaleDisposed | −3,767 | $248.94F2 | −$937,756.98 | 14,293 | Direct | |
| Nov 10, 2025 | Class A Common Stock | SSaleDisposed | −1,567 | $249.56F3 | −$391,060.52 | 12,726 | Direct | |
| Nov 11, 2025 | Class A Common Stock | MOption exerciseAcquired | +5,334 | $69.12 | +$368,686.08 | 18,060 | Direct | |
| Nov 11, 2025 | Class A Common Stock | SSaleDisposed | −3,206 | $234.75F4 | −$752,608.5 | 14,854 | Direct | |
| Nov 11, 2025 | Class A Common Stock | SSaleDisposed | −1,539 | $235.59F5 | −$362,573.01 | 13,315 | Direct | |
| Nov 11, 2025 | Class A Common Stock | SSaleDisposed | −589 | $236.46 | −$139,274.94 | 12,726 | Direct |
Derivative securities (Table II)
Options, warrants, restricted stock units and similar. Shares are the underlying shares; price and value are for the derivative itself, and the holding after is in derivative units.
| Trade date | Security | Transaction | Underlying shares | Unit price | Value | Held after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 10, 2025 | Class A Common Stock | MOption exerciseDisposed | −5,334 | $0.00 | $0 | 194,666 | Direct | |
| Nov 11, 2025 | Class A Common Stock | MOption exerciseDisposed | −5,334 | $0.00 | $0 | 189,332 | Direct |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $248.435 to $249.40, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F3
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $249.52 to $250.04, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F4
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $234.25 to $235.17, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
- F5
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $235.39 to $236.235, inclusive. The reporting person undertakes to provide to Strategy, any security holder of Strategy, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote.
Referenced by the price of 1 transaction in Table I.