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Strategy Inc (NASDAQ:MSTR) Executive Vice President and General Counsel, Shao Wei-Ming, sold 8,856 shares of Class A Common Stock on November 12 and 13, 2025, for approximately $1.79 million. The sales occurred at weighted average prices ranging from $220.619 to $234.431 per share.
The transactions, which were disclosed in a Form 4 filing with the Securities and Exchange Commission, also included the exercising of employee stock options. On November 12, Shao exercised options to acquire 20,000 shares at $40.46 each, for a total value of $809,200 and 5,334 shares at $69.123 each, for a total value of $548,421. On November 13, Shao exercised options to acquire 2,600 shares at $69.123 each.
The sales were executed under a pre-arranged Rule 10b5-1 trading plan established on July 11, 2025. Shao Wei-Ming’s intention to retire effective December 31, 2025, was previously disclosed in Strategy Inc’s Current Report on Form 8-K filed with the SEC on July 1, 2025.
In other recent news, Strategy Inc announced the pricing of its initial public offering of 7,750,000 shares of 10.00% Series A Perpetual Stream Preferred Stock at €80.00 per share, expecting to raise approximately €620 million in gross proceeds. The company estimates net proceeds of €608.8 million after deducting underwriting discounts, commissions, and offering expenses. Additionally, Strategy Inc has consolidated its existing at-the-market offering programs into a single Omnibus Sales Agreement with a syndicate of sales agents, including TD Securities, Barclays Capital, and Morgan Stanley. This agreement is intended to streamline the administration of current and future offerings.
Moreover, Strategy Inc plans to offer 3.5 million shares of preferred stock, with the intention of using the net proceeds for general corporate purposes such as bitcoin acquisition and working capital. In another development, Monness, Crespi, Hardt upgraded Strategy’s stock rating from Sell to Neutral, citing a reduced premium to its Bitcoin holdings and diminished downside pressure. The research firm noted a significant decrease in Strategy’s market capitalization premium to its Bitcoin holdings. These developments provide investors with recent insights into Strategy Inc’s financial activities and strategic moves.
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