SEC Form 4
Strategy Inc (MSTR) insider trading
In the 12 months to Oct 24, 2026, 6 MSTR insiders reported open-market sales of $36.0M across 44 filings; 4 insiders bought $2.2M.
Latest filing · Last 12 months · Source: SEC EDGAR · How we count
- Open-market sales
- $36.0M
- 44 filings · 6 insiders
- Open-market purchases
- $2.2M
- 8 filings
- Pre-arranged sales (10b5-1)
- 17 of 44
- $24.7M of $36.0M sold (69%)
Who traded MSTR, and when
- Purchase
- Sale
- Sale, pre-arranged (10b5-1)
MSTR daily close from Oct 24, 2025 to Oct 23, 2026, between $82.31 and $295.63, last $146.01. 44 sale and 8 purchase filings by 8 insiders, marked at their filing dates. Phong Le, President & CEO: sold $12.5M and bought $1.3M across 8 filings, first filed Jan 9, 2026, last Jun 22, 2026. Jarrod M. Patten, Director: sold $11.2M across 26 filings, first filed Mar 30, 2026, last Oct 13, 2026. Wei-Ming Shao, EVP & General Counsel: sold $6.5M across 4 filings, first filed Nov 12, 2025, last Nov 20, 2025. Andrew Kang, EVP & CFO: sold $5.5M across 5 filings, first filed Mar 13, 2026, last Jun 9, 2026. Carl J. Rickertsen, Director: bought $779.4K across 1 filing, first filed Jan 12, 2026, last Jan 12, 2026. Jane A. Dietze, Director: bought $204.3K across 2 filings, first filed Nov 25, 2025, last Jan 21, 2026. Jeanine Montgomery, VP & CAO: sold $153.5K across 4 filings, first filed Nov 19, 2025, last Jun 9, 2026. Thomas C. Chow, EVP & General Counsel: sold $14.7K and bought $10.0K across 2 filings, first filed Jun 17, 2026, last Sep 8, 2026.
Largest mark · tap a row for others
Phong Le · President & CEO
Filing 1 of 2 within a week · $11,813,085 total
Sale $11,129,247
93,738 shares at $118.73 avg
Filed Jun 5, 2026
Pre-arranged (10b5-1) · close on filing date $120.44
Phong Le · President & CEO
President & CEO
$12.5M sold$1.3M boughtJarrod M. Patten · Director
Director
$11.2M soldWei-Ming Shao · EVP & General Counsel
EVP & General Counsel
$6.5M soldAndrew Kang · EVP & CFO
EVP & CFO
$5.5M soldCarl J. Rickertsen · Director
Director
$779.4K boughtJane A. Dietze · Director
Director
$204.3K boughtJeanine Montgomery · VP & CAO
VP & CAO
$153.5K soldThomas C. Chow · EVP & General Counsel
EVP & General Counsel
$14.7K sold$10.0K boughtHas Strategy Inc's CEO sold stock?
Yes. Phong Le (CEO) sold 104,593 shares ($12.5M) between Mar 2026 and Jun 2026, all under a pre-arranged 10b5-1 plan.
Open-market trades
52 filings in the last 12 months| Insider | Role | Sold | Bought | Filings | Pre-arranged (10b5-1) | Last filed |
|---|---|---|---|---|---|---|
| Phong Le | President & CEO | $12.5M | $1.3M | 8 | 100% of sales | |
| Jarrod M. Patten | Director | $11.2M | — | 26 | — | |
| Wei-Ming Shao | EVP & General Counsel | $6.5M | — | 4 | 100% of sales | |
| Andrew Kang | EVP & CFO | $5.5M | — | 5 | 100% of sales | |
| Carl J. Rickertsen | Director | — | $779.4K | 1 | — | |
| Jane A. Dietze | Director | — | $204.3K | 2 | — | |
| Jeanine Montgomery | VP & CAO | $153.5K | — | 4 | 100% of sales | |
| Thomas C. Chow | EVP & General Counsel | $14.7K | $10.0K | 2 | — |
| Filed | Insider | Type | Shares | Avg price | Value | Held after | Source |
|---|---|---|---|---|---|---|---|
traded | Jarrod M. Patten Director | Sale | 2,750 | $153.54 | $422.2K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 475 | $171.00 | $81.2K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 1,425 | $167.33 | $238.4K | 29,356 | |
traded | Thomas C. Chow EVP & General Counsel | Sale | 106 | $138.75 | $14.7K | 0 | |
traded | Jarrod M. Patten Director | Sale | 1,850 | $130.00 | $240.5K | 29,331 | |
traded | Jarrod M. Patten Director | Sale | 3,700 | $124.59 | $461.0K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 3,800 | $102.41 | $389.1K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 3,900 | $95.47 | $372.3K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 1,250 | $100.00 | $125.0K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 1,500 | $106.08 | $159.1K | 28,406 | |
traded | Phong Le President & CEO | Purchase | 11,000 | $90.80 | $998.8K | 11,000 | |
traded | Jarrod M. Patten Director | Sale | 1,500 | $121.31 | $182.0K | 28,406 | |
traded | Jarrod M. Patten Director | Sale | 1,500 | $133.97 | $201.0K | 28,406 | |
traded | Thomas C. Chow EVP & General Counsel | Purchase | 111 | $90.07 | $10.0K | 11 | |
traded | Jeanine Montgomery VP & CAO | SalePre-arranged (10b5-1) | 354 | $123.84 | $43.8K | 11,209 | |
traded | Phong Le President & CEO | SalePre-arranged (10b5-1) | 5,522 | $123.84 | $683.8K | 126,378 | |
traded | Andrew Kang EVP & CFO | SalePre-arranged (10b5-1) | 1,949 | $123.84 | $241.4K | 71,064 | |
traded | Phong Le President & CEO | SalePre-arranged (10b5-1) | 93,738 | $118.73 | $11.1M | 125,342 | |
traded | Andrew Kang EVP & CFO | SalePre-arranged (10b5-1) | 33,062 | $118.73 | $3.9M | 92,794 | |
traded | Jarrod M. Patten Director | Sale | 22,300 | $152.60 | $3.4M | 34,550 | |
traded | Jarrod M. Patten Director | Sale | 1,250 | $165.30 | $206.6K | 28,000 | |
traded | Phong Le President & CEO | Purchase | 55 | $99.41 | $5.5K | Multiple accounts | |
traded | Jarrod M. Patten Director | Sale | 4,250 | $166.61 | $708.1K | 28,000 | |
traded | Andrew Kang EVP & CFO | SalePre-arranged (10b5-1) | 5,597 | $165.78 | $927.9K | 38,707 | |
traded | Jarrod M. Patten Director | Sale | 1,500 | $190.85 | $286.3K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 3,750 | $190.29 | $713.6K | 29,250 | |
traded | Jarrod M. Patten Director | Sale | 2,000 | $183.25 | $366.5K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 4,000 | $169.18 | $676.7K | 29,750 | |
traded | Jarrod M. Patten Director | Sale | 2,000 | $178.16 | $356.3K | 29,500 | |
traded | Jarrod M. Patten Director | Sale | 2,000 | $168.21 | $336.4K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 3,400 | $130.65 | $444.2K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 1,900 | $130.58 | $248.1K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 2,100 | $128.88 | $270.7K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 1,400 | $123.32 | $172.7K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 700 | $128.04 | $89.6K | 28,000 | |
traded | Jarrod M. Patten Director | Sale | 700 | $137.37 | $96.2K | 28,000 | |
traded | Phong Le President & CEO | SalePre-arranged (10b5-1) | 3,299 | $138.33 | $456.4K | 24,469 | |
traded | Andrew Kang EVP & CFO | SalePre-arranged (10b5-1) | 2,373 | $138.33 | $328.3K | 26,772 | |
traded | Jeanine Montgomery VP & CAO | SalePre-arranged (10b5-1) | 470 | $138.33 | $65.0K | 10,423 | |
traded | Phong Le President & CEO | Purchase | 2,509 | $99.62 | $249.9K | 8,009 | |
traded | Phong Le President & CEO | SalePre-arranged (10b5-1) | 2,034 | $137.25 | $279.2K | 18,902 | |
traded | Andrew Kang EVP & CFO | SalePre-arranged (10b5-1) | 916 | $137.25 | $125.7K | 23,815 | |
traded | Jeanine Montgomery VP & CAO | SalePre-arranged (10b5-1) | 260 | $137.25 | $35.7K | 9,333 | |
traded | Jane A. Dietze Director | Purchase | 1,000 | $99.49 | $99.5K | 3,600 | |
traded | Carl J. Rickertsen Director | Purchase | 5,000 | $155.88 | $779.4K | 5,000 | |
traded | Phong Le President & CEO | Purchase | 12 | $99.99 | $1.2K | 28 | |
traded | Jane A. Dietze Director | Purchase | 1,100 | $95.28 | $104.8K | 2,600 | |
traded | Wei-Ming Shao EVP & General Counsel | SalePre-arranged (10b5-1) | 5,200 | $201.01 | $1.0M | 32,726 | |
traded | Jeanine Montgomery VP & CAO | SalePre-arranged (10b5-1) | 43 | $208.55 | $9.0K | 8,733 | |
traded | Wei-Ming Shao EVP & General Counsel | SalePre-arranged (10b5-1) | 5,200 | $200.24 | $1.0M | 32,726 | |
traded | Wei-Ming Shao EVP & General Counsel | SalePre-arranged (10b5-1) | 7,934 | $225.48 | $1.8M | 32,726 | |
traded | Wei-Ming Shao EVP & General Counsel | SalePre-arranged (10b5-1) | 10,668 | $242.15 | $2.6M | 13,315 |
GET /stocks/filings/vX/form-4?tickers=MSTR&filing_date.gte=2025-10-24&sort=filing_date.desc&limit=500{
"status": "OK",
"results": [
{
"tickers": [
"MSTR",
"STRC",
"STRD",
"STRF",
"STRK"
],
"issuer_cik": "0001050446",
"owner_cik": "0001309191",
"accession_number": "0001193125-26-420388",
"form_type": "4",
"filing_date": "2026-10-13",
"period_of_report": "2026-10-08",
"issuer_name": "Strategy Inc",
"issuer_trading_symbol": "MSTR",
"owner_name": "Patten Jarrod M",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Class A Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-10-09",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 450,
"transaction_price_per_share": 156,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 28856,
"transaction_value": 70200,
"direct_or_indirect": "D"
},
{
"tickers": [
"MSTR",
"STRC",
"STRD",
"STRF",
"STRK"
],
"issuer_cik": "0001050446",
"owner_cik": "0001309191",
"accession_number": "0001193125-26-420388",
"form_type": "4",
"filing_date": "2026-10-13",
"period_of_report": "2026-10-08",
"issuer_name": "Strategy Inc",
"issuer_trading_symbol": "MSTR",
"owner_name": "Patten Jarrod M",
"is_director": true,
"is_officer": false,
"is_ten_percent_owner": false,
"is_other": false,
"security_type": "non_derivative",
"record_type": "transaction",
"security_title": "Class A Common Stock",
"transaction_timeliness": "O",
"aff_10b5_one": false,
"transaction_date": "2026-10-09",
"transaction_code": "S",
"equity_swap_involved": false,
"transaction_shares": 450,
"transaction_price_per_share": 154.47,
"transaction_acquired_disposed": "D",
"shares_owned_following_transaction": 29306,
"transaction_value": 69511.5,
"direct_or_indirect": "D"
}
]
}
// trimmed to 2 resultsThe response includes every Form 4 record; this page keeps open-market purchases and sales on common stock and removes duplicate joint-filer rows.
Other insider activity (not market trades) · 75 records
- Option exercises74 records
- Gifts1 record
Reported on Form 4 but not purchases or sales in the market, so not counted in the totals above.
Build this yourself
This page joins two Massive endpoints: Form 4 filings and daily prices. Ask an agent to watch for new filings:
Using the Massive API (massive.com/docs/llms.txt), check Form 4 filings for MSTR every day with transaction_code=P and tell me when an insider files an open-market purchase, with their role, shares, price and the filing link.
How to read this page
- Open-market purchase or sale
- A buy or sell of the company's stock at market price. Grants, option exercises, shares withheld for tax, gifts and employee stock plan purchases are listed separately and not counted.
- Pre-arranged (10b5-1)
- The insider marked the filing as made under a trading plan set up in advance (SEC Rule 10b5-1). The mark covers the whole filing, and an unmarked filing may still be under a plan.
- Filing date
- Insiders have two business days to report a trade. Totals and the chart use the filing date, when the trade became public.
- Counted once
- When several owners (a fund and its partners, say) report the same trade, it's counted once. Corrected filings replace the originals.