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Filing Details

Accession Number:: 0001209191-20-060921
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-12-01 17:16:24
Reporting Period:: 2020-11-27

Accepted Time:: 2020-12-01 17:16:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1050446	Microstrategy Inc	MSTR	Services-Prepackaged Software (7372)	510323571

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1333062	J Leslie Rechan	C/O Microstrategy Incorporated 1850 Towers Crescent Plaza Tysons Corner VA 22182		Yes	No	No	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Class A Common Stock	Acquisiton	2020-11-27	7,500	$127.46	7,500	No	4	M	Direct
Class A Common Stock	Disposition	2020-11-27	1,095	$261.87	6,405	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	705	$262.90	5,700	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	899	$263.74	4,801	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	1,501	$264.66	3,300	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	1,900	$265.96	1,400	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	1,000	$267.12	400	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	200	$268.00	200	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	200	$269.18	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-11-27	2,500	$129.57	2,500	No	4	M	Direct
Class A Common Stock	Disposition	2020-11-27	101	$265.53	2,399	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	399	$267.21	2,000	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	453	$268.12	1,547	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	400	$269.67	1,147	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	947	$270.80	200	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	200	$271.53	0	No	4	S	Direct
Class A Common Stock	Acquisiton	2020-11-27	1,250	$132.91	1,250	No	4	M	Direct
Class A Common Stock	Disposition	2020-11-27	533	$267.17	717	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	48	$267.94	669	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	400	$269.45	269	No	4	S	Direct
Class A Common Stock	Disposition	2020-11-27	269	$270.31	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Director Stock Option (Right to buy)	Disposition	2020-11-27	7,500	$0.00	7,500	$127.46
Class A Common Stock	Director Stock Option (Right to buy)	Disposition	2020-11-27	2,500	$0.00	2,500	$129.57
Class A Common Stock	Director Stock Option (Right to buy)	Disposition	2020-11-27	1,250	$0.00	1,250	$132.91

Remaning Holdings	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
7,500	2028-04-30	No	4	M	Direct
2,500	2028-05-31	No	4	M	Direct
3,750	2029-05-31	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	1,900	Indirect	By Rechan Family Investment Group Inc.

Footnotes

The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $261.25 to $262.16 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $262.34 to $263.25 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $263.39 to $264.36 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $264.41 to $265.31 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.43 to $266.33 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.60 to $267.44 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.00 to $269.35 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $265.43 to $265.56 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.71 to $267.59 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $268.00 to $268.33 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.39 to $269.89 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.41 to $271.33 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $266.88 to $267.56 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $269.00 to $269.92 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $270.00 to $270.81 per share, inclusive. The reporting person undertakes to provide MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the range set forth in this footnote.
Shares are held directly by a family corporation, of which Mr. Rechan's spouse is President and sole shareholder.
Of the 7,500 shares exercised on November 27, 2020 pursuant to this option, 3,750 shares vested on April 30, 2019 and 3,750 shares vested on April 30, 2020. Of the remaining 7,500 shares subject to this option, 3,750 shares are scheduled to vest on April 30, 2021 and 3,750 shares are scheduled to vest on April 30, 2022.
See Exhibit A.
Of the 2,500 shares exercised on November 27, 2020 pursuant to this option, 1,250 shares vested on May 31, 2019 and 1,250 shares vested on May 31, 2020. Of the remaining 2,500 shares subject to this option, 1,250 shares are scheduled to vest on May 31, 2021 and 1,250 shares are scheduled to vest on May 31, 2022.
The 1,250 shares exercised on November 27, 2020 pursuant to this option vested on May 31, 2020. Of the remaining 3,750 shares subject to this option, 1,250 shares are scheduled to vest on May 31, 2021, 1,250 shares are scheduled to vest on May 31, 2022, and 1,250 shares are scheduled to vest on May 31, 2023.