SEC Form 4 · accession 0001209191-19-013452
Strategy Inc · MSTR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin Norlin
Officer — SEVP, Worldwide Sales
Period of report
Feb 23, 2019
Accepted (ET)
Feb 26, 2019 · 4:07 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001050446
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to buy)F2,F1 | $145.41 | Feb 23, 2019 | A | 20,000 | A | — | Feb 23, 2029 | Class A Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1This option vests as to 5,000 shares on the first anniversary of the grant date and as to an additional 5,000 shares on each anniversary thereafter until the option is vested in full.
- F2Mr. Norlin also directly owns an employee stock option to purchase 35,000 shares of Class A common stock with (i) an exercise price of $127.46 per share and (ii) an expiration date of April 30, 2028. Of the 35,000 shares subject to this option, 8,750 shares are scheduled to vest on April 30, 2019, 8,750 shares are scheduled to vest on April 30, 2020, 8,750 shares are scheduled to vest on April 30, 2021, and 8,750 shares are scheduled to vest on April 30, 2022.