Velarion · Company Intelligence
Compensation Brief
Fiscal year 2025 · Filings through 2026-10-13

Strategy (MSTR)

CEO Phong Le was paid $13,784,204 in fiscal year 2025, ↓ down 12.4% from fiscal year 2024, the 52nd percentile of its disclosed peer group (SEC filing 0001193125-26-186895 ↗): executive and director compensation, incentive-plan design, equity activity, and governance — every figure in this brief is traceable to its exact location in the company’s SEC filing — the document, the section, the page, and the table, linked directly.

$13,784,204 ↓
Phong Le total, FY2025
52nd
CEO pay percentile vs peers
168:1
CEO-to-median pay ratio
96.91%
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Sample answer — “What is the CEO’s total compensation?”
- Phong Le (President & Chief Executive Officer), FY2025 total compensation $13,784,204 (base salary $1,100,000) [exec_comp, SEC accession 0001193125-26-186895, filed 2026-04-28]

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MSTR's next annual pay disclosure, estimated April 28, 2027.est. Filing ↗

01

Summary Compensation Table — fiscal year 2025

Named executive officerSalaryBonusStock awardsOption awardsNon-equity incentivePension / NQDCAll otherTotal
Phong Le$1,100,000$1,235,000$8,796,864$2,376,459$0$0$275,881$13,784,204
President & Chief Executive Officer
Andrew Kang700,000510,0003,635,199848,6100032,9235,726,732
Executive Vice President & Chief Financial Officer
W. Ming Shao700,000450,0002,871,928509,2830033,1474,564,358
Former Executive Vice President, General Counsel & Secretary
Thomas Chow50,000133,7502,107,0701,334,21900238,9713,864,010
Executive Vice President, General Counsel & Secretary
Michael Saylor100000780,731780,732
Chairman of the Board & Executive Chairman

A dash means the company reported no figure in that column; 0 means it reported zero. Figures are as printed in the filing, without adjustment.

Three-year trend — total compensation per named executive

Named executive officerFY2025 totalFY2024 totalFY2023 totalΔ FY2024→2025
Phong Le$13,784,204$15,736,147$8,028,255↓ −1,951,943
Andrew Kang5,726,7327,818,3634,157,854↓ −2,091,631
W. Ming Shao4,564,3586,268,5133,031,146↓ −1,704,155
Thomas Chow3,864,010———
Michael Saylor780,732791,912799,670↓ −11,180

Prior-year totals as disclosed in the corresponding proxy; deltas are computed values with the derivation shown in the register.

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Companies that benchmark against MSTR
4 companies name MSTR as a compensation peer

Each company listed discloses MSTR in its own benchmarking peer group, as disclosed in each company's most recent proxy statement within the last two proxy seasons. Two companies are therefore absent by design: one that named MSTR in an earlier year and no longer does, and one whose own most recent disclosure is older than the last two seasons.

01c

Board of directors

One page per director: the seat, the committees and the fee table, read for one person at a time.

DirectorRoleFY2025 total
Brian P. BrooksIndependent Director$2,555,478
Carl J. RickertsenIndependent Director$446,575
Gregg J. WiniarskiIndependent Director$2,585,478
Jane A. DietzeIndependent Director$2,585,478
Jarrod M. PattenIndependent Director$460,068
Leslie J. RechanFormer director (through FY2025)$337,727
Peter L. Briger, JrIndependent Director$2,049,544
Stephen X. GrahamIndependent Director$472,667
02

Equity transactions since the proxy statement was filed

Every insider equity transaction reported on Form 4 after the 2025 proxy statement — acquisitions, dispositions, exercises, and withholdings — and therefore not reflected in any table in that document.

InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jarrod M. PattenDirector2026-05-01D500$170$85,085CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D750178133,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D50017487,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D50017185,500CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D2,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D2,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018190,500CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04A2,0001937,308CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018492,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018291,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018693,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-08D1,000187186,685CommonForm 4 ↗
Dividend-equivalent accruals2026-05-08—1,000——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-05-08A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50018994,690CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50019497,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50019698,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D2,75000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50019095,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D750190142,196CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11A2,7501951,299CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14D50019296,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14D1,000190190,280CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14A1,0001918,654CommonForm 4 ↗
Dividend-equivalent accruals2026-05-14—1,500——1 insider, 2 accrual rows
Jarrod M. PattenDirector2026-05-14A500199,327CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-18A12,500——CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-18D12,50000Derivative, Class A CommonForm 4 ↗
Dividend-equivalent accruals2026-05-19—5,250——1 insider, 5 accrual rows
Andrew KangEVP & CFO2026-05-19D5,032166835,216Common, open-market saleForm 4 ↗
Andrew KangEVP & CFO2026-05-19D56516492,649Common, open-market saleForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,000167167,000CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-19D5,597166927,865CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,000167167,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,000167166,750CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20D1,250166207,338CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20D1,000167167,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20A1,2501923,318CommonForm 4 ↗
Le PhongDirector2026-05-22A599497CommonForm 4 ↗
Le PhongDirector2026-05-22A50994,971CommonForm 4 ↗
Dividend-equivalent accruals2026-05-26—1,250——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-05-26D1,250165206,625CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-26A1,2501923,318CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000149149,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28A7,25019135,242CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000152152,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D3,250146473,080CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000147147,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D7,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000150150,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29A4,2501877,503CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D2,000153306,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D2,000152304,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D55015585,250CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D4,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D10,80000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D4,250151641,134CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D4,250162687,429CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D2,000154308,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29A10,80019201,463CommonForm 4 ↗
Dividend-equivalent accruals2026-05-31—17,584——7 insiders, 20 accrual rows
Brian P. BrooksDirector2026-05-31A406——CommonForm 4 ↗
Jane A. DietzeDirector2026-05-31A406——CommonForm 4 ↗
Stephen X. GrahamDirector2026-05-31A406——CommonForm 4 ↗
Gregg J. WiniarskiDirector2026-05-31A406——CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-31A406——CommonForm 4 ↗
Carl J. RickertsenDirector2026-05-31A406——CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-03D68,12000Derivative, Class A CommonForm 4 ↗
Le PhongDirector2026-06-03D190,74000Derivative, Class A CommonForm 4 ↗
Le PhongDirector2026-06-03A190,74000CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-03A68,12000CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D5,605118658,761CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D41312250,215CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D1,361120163,621CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D5,750120687,292CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D4,638117540,647CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D58211566,810CommonForm 4 ↗
Le PhongDirector2026-06-05D27312534,163CommonForm 4 ↗
Le PhongDirector2026-06-05D5,144124639,111CommonForm 4 ↗
Le PhongDirector2026-06-05D5,882123720,816CommonForm 4 ↗
Le PhongDirector2026-06-05D3,858120463,813CommonForm 4 ↗
Le PhongDirector2026-06-05D15,8921181,867,803CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D9612512,013CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D1,814124225,379CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D1,320123162,873CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D2,075123254,283CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D5,627119667,317CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D3,781115436,142CommonForm 4 ↗
Le PhongDirector2026-06-05D16,3031201,948,681CommonForm 4 ↗
Le PhongDirector2026-06-05D15,9541191,892,017CommonForm 4 ↗
Le PhongDirector2026-06-05D13,1491171,532,766CommonForm 4 ↗
Le PhongDirector2026-06-05D10,7191151,236,447CommonForm 4 ↗
Le PhongDirector2026-06-05D1,650115189,408CommonForm 4 ↗
Le PhongDirector2026-06-05D3,743123461,845CommonForm 4 ↗
Le PhongDirector2026-06-05D1,171122142,377CommonForm 4 ↗
Dividend-equivalent accruals2026-06-08—1,140——1 insider, 1 accrual row
Andrew KangEVP & CFO2026-06-08D4,26000Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-08A4,260——CommonForm 4 ↗
Le PhongDirector2026-06-08A11,920——CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-08A1,140——CommonForm 4 ↗
Le PhongDirector2026-06-08D11,92000Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-09D201252,498CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-09D4125500CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-09D16512420,514CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-09D18512322,826CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-09D910124113,137CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-09D1,019123125,728CommonForm 4 ↗
Le PhongDirector2026-06-09D551256,868CommonForm 4 ↗
Le PhongDirector2026-06-09D2,888123356,333CommonForm 4 ↗
Le PhongDirector2026-06-09D2,579124320,637CommonForm 4 ↗
Dividend-equivalent accruals2026-06-15—1,500——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-06-15A1,5001827,354CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-15D1,500134200,951CommonForm 4 ↗
Thomas ChowEVP & General Counsel2026-06-16A1166727CommonForm 4 ↗
Thomas ChowEVP & General Counsel2026-06-16A100939,271CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-17A1,5001827,354CommonForm 4 ↗
Dividend-equivalent accruals2026-06-17—1,500——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-06-17D1,500121181,965CommonForm 4 ↗
Le PhongDirector2026-06-22A11,00091998,756CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-23A1,5001827,354CommonForm 4 ↗
Dividend-equivalent accruals2026-06-23—1,500——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-06-23D1,500106159,120CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-22A1,2501822,795CommonForm 4 ↗
Dividend-equivalent accruals2026-07-22—1,250——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-07-22D1,250100125,000CommonForm 4 ↗
Dividend-equivalent accruals2026-07-24—1,950——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-07-24A1,9501835,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-24D1,95092180,287CommonForm 4 ↗
Dividend-equivalent accruals2026-07-27—1,950——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-07-27D1,95098192,036CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-27A1,9501835,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07A1,9501835,560CommonForm 4 ↗
Dividend-equivalent accruals2026-08-07—3,800——1 insider, 3 accrual rows
Jarrod M. PattenDirector2026-08-07D92510496,232CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D1,950102197,925CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D92510394,988CommonForm 4 ↗
Dividend-equivalent accruals2026-08-24—925——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-08-24A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-24D925122113,165CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D2,77500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D925127117,475CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D925125115,625CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D925124114,700CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-27D925131121,175CommonForm 4 ↗
Dividend-equivalent accruals2026-08-27—1,850——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-08-27D925129119,325CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-27A1,8501833,737CommonForm 4 ↗
Thomas ChowEVP & General Counsel2026-09-04D10613914,708CommonForm 4 ↗
Dividend-equivalent accruals2026-09-21—1,425——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-09-21D47516980,275CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21D47516779,325CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21D47516678,842CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21A1,4251825,986CommonForm 4 ↗
Dividend-equivalent accruals2026-09-22—475——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-09-22D47517181,225CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-22A475188,662CommonForm 4 ↗
Dividend-equivalent accruals2026-10-08—1,400——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-10-08D45015268,400CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-08D950151143,013CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-08A1,4001825,530CommonForm 4 ↗
Dividend-equivalent accruals2026-10-09—1,350——1 insider, 1 accrual row
Jarrod M. PattenDirector2026-10-09D45015871,100CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09D45015670,200CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09D45015469,512CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09A1,3501824,619CommonForm 4 ↗

Transaction codes per Form 4: A acquisition · S open-market sale · F tax withholding · M option exercise · G gift. Value = shares × price as reported. Dividend-equivalent and fractional-share accrual rows (derivative Class A, under $10,000 and under 2,000 shares) are aggregated per date; every row appears in full below.

View all 200 transactions
InsiderRoleTransaction dateCodeSharesPriceValueSecuritySource
Jarrod M. PattenDirector2026-05-01D500$170$85,085CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D750178133,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D50017487,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D50017185,500CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-01D2,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D2,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018190,500CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04A2,0001937,308CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018492,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018291,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-04D50018693,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-08D1,000187186,685CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-08D1,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-08A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50018994,690CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50019497,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50019698,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D2,75000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D50019095,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11D750190142,196CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-11A2,7501951,299CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14D50019296,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14D1,000190190,280CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14D50000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14D1,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-14A500199,327CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-18A12,500——CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-18D12,50000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,00000Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-19D5,032166835,216Common, open-market saleForm 4 ↗
Andrew KangEVP & CFO2026-05-19D56516492,649Common, open-market saleForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,000167167,000CommonForm 4 ↗
Andrew KangEVP & CFO2026-05-19D5,597166927,865CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,00000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,000167167,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,000167166,750CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-19D1,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20A1,0001918,654CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20D1,250166207,338CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20D1,000167167,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-20A1,2501923,318CommonForm 4 ↗
Le PhongDirector2026-05-22A599497CommonForm 4 ↗
Le PhongDirector2026-05-22A50994,971CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-26D1,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-26D1,250165206,625CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-26A1,2501923,318CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000149149,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28A7,25019135,242CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000152152,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D3,250146473,080CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000147147,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D7,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-28D1,000150150,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29A4,2501877,503CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D2,000153306,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D2,000152304,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D55015585,250CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D4,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D10,80000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D4,250151641,134CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D4,250162687,429CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29D2,000154308,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-29A10,80019201,463CommonForm 4 ↗
Peter L. Briger, JrDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Peter L. Briger, JrDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Brian P. BrooksDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Brian P. BrooksDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Brian P. BrooksDirector2026-05-31D40600Derivative, Class A CommonForm 4 ↗
Brian P. BrooksDirector2026-05-31A406——CommonForm 4 ↗
Jane A. DietzeDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Jane A. DietzeDirector2026-05-31D40600Derivative, Class A CommonForm 4 ↗
Jane A. DietzeDirector2026-05-31A406——CommonForm 4 ↗
Stephen X. GrahamDirector2026-05-31A406——CommonForm 4 ↗
Carl J. RickertsenDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Carl J. RickertsenDirector2026-05-31D40600Derivative, Class A CommonForm 4 ↗
Gregg J. WiniarskiDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Gregg J. WiniarskiDirector2026-05-31D40600Derivative, Class A CommonForm 4 ↗
Gregg J. WiniarskiDirector2026-05-31A406——CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-31D40600Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-31A406——CommonForm 4 ↗
Jane A. DietzeDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Stephen X. GrahamDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Stephen X. GrahamDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Stephen X. GrahamDirector2026-05-31D40600Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Carl J. RickertsenDirector2026-05-31A94300Derivative, Class A CommonForm 4 ↗
Carl J. RickertsenDirector2026-05-31A406——CommonForm 4 ↗
Gregg J. WiniarskiDirector2026-05-31A1,22100Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-03D68,12000Derivative, Class A CommonForm 4 ↗
Le PhongDirector2026-06-03D190,74000Derivative, Class A CommonForm 4 ↗
Le PhongDirector2026-06-03A190,74000CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-03A68,12000CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D5,605118658,761CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D41312250,215CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D1,361120163,621CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D5,750120687,292CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D4,638117540,647CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D58211566,810CommonForm 4 ↗
Le PhongDirector2026-06-05D27312534,163CommonForm 4 ↗
Le PhongDirector2026-06-05D5,144124639,111CommonForm 4 ↗
Le PhongDirector2026-06-05D5,882123720,816CommonForm 4 ↗
Le PhongDirector2026-06-05D3,858120463,813CommonForm 4 ↗
Le PhongDirector2026-06-05D15,8921181,867,803CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D9612512,013CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D1,814124225,379CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D1,320123162,873CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D2,075123254,283CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D5,627119667,317CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-05D3,781115436,142CommonForm 4 ↗
Le PhongDirector2026-06-05D16,3031201,948,681CommonForm 4 ↗
Le PhongDirector2026-06-05D15,9541191,892,017CommonForm 4 ↗
Le PhongDirector2026-06-05D13,1491171,532,766CommonForm 4 ↗
Le PhongDirector2026-06-05D10,7191151,236,447CommonForm 4 ↗
Le PhongDirector2026-06-05D1,650115189,408CommonForm 4 ↗
Le PhongDirector2026-06-05D3,743123461,845CommonForm 4 ↗
Le PhongDirector2026-06-05D1,171122142,377CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-08D1,14000Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-08D4,26000Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-08A4,260——CommonForm 4 ↗
Le PhongDirector2026-06-08A11,920——CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-08A1,140——CommonForm 4 ↗
Le PhongDirector2026-06-08D11,92000Derivative, Class A CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-09D201252,498CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-09D4125500CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-09D16512420,514CommonForm 4 ↗
Jeanine MontgomeryVP & CAO2026-06-09D18512322,826CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-09D910124113,137CommonForm 4 ↗
Andrew KangEVP & CFO2026-06-09D1,019123125,728CommonForm 4 ↗
Le PhongDirector2026-06-09D551256,868CommonForm 4 ↗
Le PhongDirector2026-06-09D2,888123356,333CommonForm 4 ↗
Le PhongDirector2026-06-09D2,579124320,637CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-15D1,50000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-15A1,5001827,354CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-15D1,500134200,951CommonForm 4 ↗
Thomas ChowEVP & General Counsel2026-06-16A1166727CommonForm 4 ↗
Thomas ChowEVP & General Counsel2026-06-16A100939,271CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-17A1,5001827,354CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-17D1,50000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-17D1,500121181,965CommonForm 4 ↗
Le PhongDirector2026-06-22A11,00091998,756CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-23A1,5001827,354CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-23D1,50000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-06-23D1,500106159,120CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-22A1,2501822,795CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-22D1,25000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-22D1,250100125,000CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-24D1,95000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-24A1,9501835,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-24D1,95092180,287CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-27D1,95000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-27D1,95098192,036CommonForm 4 ↗
Jarrod M. PattenDirector2026-07-27A1,9501835,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07A1,9501835,560CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D1,95000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D92510496,232CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D1,950102197,925CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D92500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D92510394,988CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-07D92500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-24D92500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-24A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-24D925122113,165CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D2,77500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D925127117,475CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25A9251816,868CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D925125115,625CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-25D925124114,700CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-27D925131121,175CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-27D1,85000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-27D925129119,325CommonForm 4 ↗
Jarrod M. PattenDirector2026-08-27A1,8501833,737CommonForm 4 ↗
Thomas ChowEVP & General Counsel2026-09-04D10613914,708CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21D1,42500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21D47516980,275CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21D47516779,325CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21D47516678,842CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-21A1,4251825,986CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-22D47500Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-22D47517181,225CommonForm 4 ↗
Jarrod M. PattenDirector2026-09-22A475188,662CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-08D1,40000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-08D45015268,400CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-08D950151143,013CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-08A1,4001825,530CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09D1,35000Derivative, Class A CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09D45015871,100CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09D45015670,200CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09D45015469,512CommonForm 4 ↗
Jarrod M. PattenDirector2026-10-09A1,3501824,619CommonForm 4 ↗
03

Grants of plan-based awards — fiscal year 2025

ExecutiveAwardGrant dateThresholdTargetGrantedMaximumGrant-date fair value
Phong LeRSU2025-03-11——9,277—$4,134,388
W. Ming ShaoRSU2025-03-11——1,988—885,972
Thomas ChowRSU2025-12-05——11,772—2,107,070
Phong LeOPTION2025-03-11——12,207—2,376,459
Andrew KangRSU2025-03-11——8,284—2,158,728
W. Ming ShaoOPTION2025-03-11——2,616—509,283
W. Ming ShaoRSU2025-03-11——7,621—1,985,956
Andrew KangRSU2025-03-11——3,313—1,476,472
Phong LeRSU2025-03-11——17,892—4,662,476
Thomas ChowOPTION2025-12-05——9,843—1,334,219
Andrew KangOPTION2025-03-11——4,359—848,610
03b

Vehicle mix — grant-date fair value by award type

Named executive officerTime-vested (RSU)Performance-vested (PSU)Options / SARs% performance-vested
Phong Le$8,796,864$0$2,376,4590.0%
W. Ming Shao2,871,9280509,2830.0%
Thomas Chow2,107,07001,334,2190.0%
Andrew Kang3,635,2000848,6100.0%

% performance-vested = PSU grant-date fair value ÷ (RSU + PSU + Options), a computed value with the derivation shown in the register.

04

Outstanding equity awards at fiscal year-end 2025

ExecutiveAwardShares unvestedExercise priceMarket value unvested
Andrew KangRSU3,313—$251,705
Andrew KangRSU34,060—10,350,834
Phong LeRSU95,370—28,982,943
Phong LeOption100,00040.46—
Thomas ChowOption9,843178.99—
Phong LeRSU21,960—3,336,822
Andrew KangRSU6,660—2,023,974
Andrew KangRSU12,500—1,899,375
Thomas ChowRSU11,772—1,788,755
Andrew KangRSU8,520—1,294,614
Phong LeRSU18,630—5,661,657
Phong LeRSU23,840—3,622,488
Phong LeRSU17,892—2,718,689
Andrew KangRSU15,980—2,428,161
Andrew KangRSU8,284—1,258,754
Phong LeRSU9,277—704,820
05

Incentive-plan design — the Compensation Discussion & Analysis

The goal of our compensation program for our executive officers is the same as our goal for operating the Company--to create long-term value for our stockholders. In furtherance of this goal, our executive compensation program is designed to achieve the following objectives: Individual Performance: reward, motivate, and provide incentives for exceptional individual performance and effective leadership by our executive officers; Company Performance: reward executive officers for superior financial and operating results of the Company; Stockholder Alignment: align our executive officers interests with those of our stockholders; and Recruiting and Retention: attract and retain executive officers who may be presented with other professional opportunities.

CEO STI target (% of salary)118%
CEO LTI target (% of salary)—
Independent consultantWillis Towers Watson US LLC
Clawback policytrue
Anti-hedgingtrue
Anti-pledgingTrue
06

Say-on-pay — recent advisory votes

Meeting yearMeeting dateForAgainstAbstainSupportOutcome
20262026-06-08327,711,36710,458,238574,26296.91%Passed
20232023-05-2420,967,3382,370,39310,98089.84%Passed
20202020-05-2726,454,32290,51716,42699.66%Passed

Rows are labeled by annual-meeting year, with the meeting date beside each; the vote held in a given year acts on the prior fiscal year's compensation.

Say-on-pay — history, company's computation

Meeting yearMeeting dateApproval — company's computation
20262026-06-0896.91%a
20232023-05-2489.84%b
20202020-05-2799.66%c

a. Approved under the standard stated in the filing — “An abstention with respect to Proposal 2 will have no effect on the vote of Proposal 2.”.

b. Approved under the standard stated in the filing — “Accordingly, votes withheld and "broker non-votes" will have no effect on the voting on Proposal 1, and abstentions and "broker non-votes" will have no effect on the voting on Proposals 2, 3, and 4.”.

c. Approved under the standard stated in the filing — “An abstention with respect to Proposal 2 will have no effect on the vote of Proposal 2.”.

Approval percentages are the company's own reported computations under its own stated standard, not recomputed by Velarion. Where a company does not state a standard, none is assumed.

07

CEO pay ratio

Ratio (CEO : median employee)168 : 1
CEO total compensation$13,784,204
Median employee compensation$82,083
08

Director compensation — fiscal year 2025

DirectorCash feesStock awardsOption awardsNon-equity incentiveAll otherTotal
Gregg J. WiniarskiIndependent · Audit$130,000$2,455,478$0$0$0$2,585,478
Jane A. DietzeIndependent · Audit130,0002,455,4780002,585,478
Brian P. BrooksIndependent100,0002,455,4780002,555,478
Peter L. Briger, JrIndependent · Not standing for re-election50,0001,999,5440002,049,544
Stephen X. GrahamIndependent · Audit (Chair) · Investments · Pricing and Finance160,000300,0680012,599472,667
Jarrod M. PattenIndependent · Audit · Compensation160,000300,068000460,068
Carl J. RickertsenIndependent · Compensation (Chair) · Nominating · Pricing and Finance140,000300,068006,507446,575
Leslie J. RechanIndependent · Not standing for re-election · Departed during FY · Partial-year service30,000300,068007,659337,727
Phong Q. LeEmployee director000—00
Michael J. SaylorEmployee director · Board Chair · Investments (Chair) · Pricing and Finance000—00
09

Board fee structure and ownership guideline

Annual cash retainer$100,000
Annual equity retainer$300,000
Per board meeting fee—
Committee chair fees (audit / comp / nom-gov)—
Stock ownership guidelineEquity Ownership Guidelines referenced on page 28 of proxy; specific director requirement details not included in provided text excerpt.
09b

Total cost of the board

ComponentFY2025
Cash retainers and fees$900,000
Equity awards (grant-date value)$10,566,250
All other compensation$26,765
Total cost of the board$11,493,015

Computed as the sum of the director compensation table rows above; inputs and formula shown in the register.

10

Disclosed peer group — fiscal year 2025

The compensation peer group as the company disclosed it in its own proxy — the reference set behind the percentile above.

10a

Peer reciprocity

Of the companies Strategy names as compensation peers, which name it back in their own disclosed peer groups. A peer set the market reciprocates reads differently from one selected in a single direction.

Reciprocity shown where the peer's own current proxy has been read — each mark is cited in the register to that peer's filing. A dash means the peer's current proxy was read and names no reciprocal group including Strategy.

10b

Chief executive pay against the peer group

Most recent fiscal-year chief executive compensation at each disclosed peer, taken from that company's own proxy statement.

RankCompanyFYChief executiveSalaryStock awardsOption awardsNon-equity incentiveTotal
1CrowdStrike Holdings, Inc.2026George Kurtz$1,100,000$242,124,351$0$1,614,938$247,579,143
2Fiserv, Inc.2025Michael Lyons1,214,23655,881,2790070,341,992
3BlackRock, Inc.2025Laurence Fink1,500,00024,600,1840037,749,569
4PayPal Holdings, Inc.2025Alex Chriss1,325,34223,365,2940025,243,486
5C3.ai, Inc.2026Thomas Siebel751,53611,500,00311,500,001024,308,723
6Workday, Inc.2026Aneel Bhusri65,00015,322,0670019,231,325
7Intapp, Inc.2026John Hall526,04017,422,9910018,548,023
8Five9, Inc.2025Michael Burkland585,00016,186,6380621,27017,403,709
9Qualys, Inc.2025Sumedh Thakar616,16714,597,5650723,37715,947,158
10Varonis Systems, Inc.2025Yakov Faitelson560,00013,000,0490713,87714,375,278
11Guidewire Software, Inc.2025Mike Rosenbaum750,00012,280,2030975,00014,012,061
12Strategy2025Phong Le1,100,0008,796,8642,376,459013,784,204
13Fortinet, Inc.2025Ken Xie597,00010,155,1020705,93711,458,039
14SPS Commerce, Inc.2025Chad Collins609,65810,789,7040011,410,244
15Clearwater Analytics Holdings, Inc.2024Sandeep Sahai653,4007,799,9310823,28411,123,831
16Verint Systems Inc.2025Dan Bodner807,7759,371,5280532,14210,825,132
17Coinbase Global, Inc.2025Brian Armstrong1,000,0000009,713,000
18Domo, Inc.2026Joshua James500,0008,357,0040593,5509,465,244
19nCino, Inc.2026Sean Desmond500,0008,083,3560486,1109,089,558
20Palantir Technologies Inc.2025Alexander Karp1,101,6370008,623,000
21Pegasystems Inc.2025Alan Trefler600,00007,001,532720,0008,332,032
22EverCommerce Inc.2025Eric Remer650,0005,524,9990614,2506,789,249
23GitLab Inc.2026William Staples600,00000447,0601,047,060
24Block, Inc.2025Jack Dorsey30003

Each peer's compensation is from its most recently filed proxy; fiscal years differ by company. Each peer's figures come from its own filings; the subject company is highlighted. Peers whose chief executive compensation is outside our coverage universe are stated as such, never left blank.

10c

Incentive design against the same peers

CompanyAnnual incentive payoutLong-term vehicle mixPSU measures include TSRCompensation consultant
Strategy95%Options 40 · PSU 40 · RSU 20Yes — Total Stockholder Return (TSR)Willis Towers Watson US LLC
BlackRock, Inc.not disclosedPSU 74 · RSU 26NoSemler Brossy
Block, Inc.not disclosedOption 50 · RSU 50not disclosedPay Governance
C3.ai, Inc.not disclosednot disclosednot disclosedCompensia, Inc.
Clearwater Analytics Holdings, Inc.105%PSU 50 · RSU 50NoAon
Coinbase Global, Inc.not disclosednot disclosedNoSemler Brossy
CrowdStrike Holdings, Inc.108.8%not disclosedNoCompensia Inc.
Domo, Inc.119%RSU 100NoCompensia
EverCommerce Inc.105%RSU 100not disclosednot disclosed
Fiserv, Inc.not disclosedPSU 60 · RSU 40NoPay Governance, LLC
Five9, Inc.106%RSU 50 · PSU 50Yes — Relative Total Shareholder Return (RTSR) versus the companies of the S&P Software and Services Select IndexCompensia
Fortinet, Inc.103%RSU 50 · PSU 50Yes — Relative Total Stockholder Return (TSR) vs. S&P 500Compensia
GitLab Inc.74.51%RSU 60 · PSU 40NoCompensia
Guidewire Software, Inc.130%RSU 50 · PRSU 50NoSemler Brossy
Intapp, Inc.not disclosednot disclosednot disclosedAlpine Rewards, LLC
nCino, Inc.97.2%RSU 100not disclosedAon Human Capital Solutions
Palantir Technologies Inc.not disclosednot disclosednot disclosedSemler Brossy
PayPal Holdings, Inc.98%PSU 50 · RSU 50Yes — rTSR vs S&P 500Compensia
Pegasystems Inc.120%not disclosedNonot disclosed
Qualys, Inc.not disclosednot disclosedNoCompensia, Inc.
SPS Commerce, Inc.not disclosedRSU 50 · PSU 50Yes — relative TSR performance against the Russell 2000 IndexCompensia, Inc.
Varonis Systems, Inc.162%PSU 50 · RSU 50NoCompensia, Inc.
Verint Systems Inc.65%PSU 60 · RSU 40Yes — Relative TSRWillis Towers Watson
Workday, Inc.101.8%RSU 75 · PSU 25NoSemler Brossy

Read from each company's Compensation Discussion and Analysis: annual incentive payout as a percentage of target, the disclosed long-term vehicle mix, whether performance-share measures include a total shareholder return component, and the retained compensation consultant. “Not disclosed” appears only where the company's filing does not state the item.

10d

Frequently asked questions

Who was the highest-paid executive at Strategy in fiscal 2025?
As disclosed, Phong Le (President & Chief Executive Officer) was the highest-paid executive at Strategy in fiscal 2025, with total compensation of $13,784,204.
How does Strategy's chief executive pay compare to its disclosed peer group?
As disclosed, Phong Le's total compensation ranked at the 52nd percentile of Strategy's disclosed peer group.
What is Strategy's CEO-to-median employee pay ratio?
As disclosed, Strategy's CEO-to-median employee pay ratio was 168:1.
How did shareholders vote on Strategy's executive compensation?
As disclosed, 96.91% of shareholders supported Strategy's executive compensation in the latest say-on-pay vote.
How much does Strategy spend in total on board compensation for fiscal 2025?
As disclosed, Strategy reported total board compensation of $11,493,015 for fiscal 2025.

Answers are drawn only from the figures disclosed in this brief and cited to their location in the source filing. Where a figure required for an answer is not disclosed, that is stated rather than estimated.

11

Source register

Each figure's location is given both for the eye (section · page · table · row · column) and for a script (table/row/column index and exact character span in the filed document). Any figure can be independently confirmed against the source.

#SupportsDocumentFiledAccessionLocation in document
1Section 01, Phong LeDEF 14A2026-04-280001193125-26-186895Section “Summary Compensation Table” · page 39. As printed: 13,784,204. Filing ↗machine: span 684288–684298
2Section 01, Andrew KangDEF 14A2026-04-280001193125-26-186895Section “Summary Compensation Table” · page 39. As printed: 5,726,732. Filing ↗machine: span 694057–694066
3Section 01, W. Ming ShaoDEF 14A2026-04-280001193125-26-186895Section “Summary Compensation Table” · page 39. As printed: 4,564,358. Filing ↗machine: span 710033–710042
4Section 01, Thomas ChowDEF 14A2026-04-280001193125-26-186895Section “Summary Compensation Table” · page 39. As printed: 3,864,010. Filing ↗machine: span 704712–704721
5Section 01, Michael SaylorDEF 14A2026-04-280001193125-26-186895Section “Summary Compensation Table” · page 39. As printed: 780,732. Filing ↗machine: r3 · c26 · span 674545–674552
6Section 03, Phong Le RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 764811–764820
7Section 03, W. Ming Shao RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 789438–789445
8Section 03, Thomas Chow RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 779445–779454
9Section 03, Phong Le OPTIONDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 758934–758943
10Section 03, Andrew Kang RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 770649–770658
11Section 03, W. Ming Shao OPTIONDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 782393–782400
12Section 03, W. Ming Shao RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 785397–785406
13Section 03, Andrew Kang RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 773598–773607
14Section 03, Phong Le RSUDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 761884–761893
15Section 03, Thomas Chow OPTIONDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 776492–776501
16Section 03, Andrew Kang OPTIONDEF 14A1900-01-010001193125-26-186895Section “Grants of Plan-based Awards for 2025” · grants of plan-based awards table. Filing ↗machine: span 767724–767731
17Section 07, pay ratioDEF 14A2026-04-280001193125-26-186895Section “CEO Pay Ratio”. As printed: 168 : 1. Filing ↗machine: span 1195456–1195464
18Section 08, Gregg J. WiniarskiDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 2,585,478. Filing ↗machine: t237 · r9 · c19 · span 973932–973982
19Section 08, Jane A. DietzeDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 2,585,478. Filing ↗machine: t237 · r4 · c19 · span 964168–964218
20Section 08, Brian P. BrooksDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 2,555,478. Filing ↗machine: t237 · r3 · c19 · span 962371–962421
21Section 08, Peter L. Briger, JrDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 2,049,544. Filing ↗machine: t237 · r2 · c19 · span 960598–960648
22Section 08, Stephen X. GrahamDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 472,667. Filing ↗machine: t237 · r5 · c19 · span 965902–965950
23Section 08, Jarrod M. PattenDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 460,068. Filing ↗machine: t237 · r6 · c19 · span 967697–967745
24Section 08, Carl J. RickertsenDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 446,575. Filing ↗machine: t237 · r8 · c19 · span 971453–971501
25Section 08, Leslie J. RechanDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 337,727. Filing ↗machine: t237 · r7 · c19 · span 969589–969637
26Section 08, Phong Q. LeDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 0. Filing ↗
27Section 08, Michael J. SaylorDEF 14A2026-04-280001193125-26-186895Section “Director Compensation”. As printed: 0. Filing ↗
28Section 02, Jarrod M. Patten 2026-05-01Form 42026-05-040001309191-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
29Section 02, Jarrod M. Patten 2026-05-01Form 42026-05-040001309191-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
30Section 02, Jarrod M. Patten 2026-05-01Form 42026-05-040001309191-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
31Section 02, Jarrod M. Patten 2026-05-01Form 42026-05-040001309191-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
32Section 02, Jarrod M. Patten 2026-05-01Form 42026-05-040001309191-26-000012Insider equity transaction reported since the proxy statement. Filing ↗
33Section 02, Jarrod M. Patten 2026-05-04Form 42026-05-060001309191-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
34Section 02, Jarrod M. Patten 2026-05-04Form 42026-05-060001309191-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
35Section 02, Jarrod M. Patten 2026-05-04Form 42026-05-060001309191-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
36Section 02, Jarrod M. Patten 2026-05-04Form 42026-05-060001309191-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
37Section 02, Jarrod M. Patten 2026-05-04Form 42026-05-060001309191-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
38Section 02, Jarrod M. Patten 2026-05-04Form 42026-05-060001309191-26-000014Insider equity transaction reported since the proxy statement. Filing ↗
39Section 02, Jarrod M. Patten 2026-05-08Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
40Section 02, Jarrod M. Patten 2026-05-08Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
41Section 02, Jarrod M. Patten 2026-05-08Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
42Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
43Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
44Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
45Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
46Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
47Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
48Section 02, Jarrod M. Patten 2026-05-11Form 42026-05-120001193125-26-219555Insider equity transaction reported since the proxy statement. Filing ↗
49Section 02, Jarrod M. Patten 2026-05-14Form 42026-05-180001309191-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
50Section 02, Jarrod M. Patten 2026-05-14Form 42026-05-180001309191-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
51Section 02, Jarrod M. Patten 2026-05-14Form 42026-05-180001309191-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
52Section 02, Jarrod M. Patten 2026-05-14Form 42026-05-180001309191-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
53Section 02, Jarrod M. Patten 2026-05-14Form 42026-05-180001309191-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
54Section 02, Jarrod M. Patten 2026-05-14Form 42026-05-180001309191-26-000016Insider equity transaction reported since the proxy statement. Filing ↗
55Section 02, Andrew Kang 2026-05-18Form 42026-05-200001825170-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
56Section 02, Andrew Kang 2026-05-18Form 42026-05-200001825170-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
57Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
58Section 02, Andrew Kang 2026-05-19Form 42026-05-210001825170-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
59Section 02, Andrew Kang 2026-05-19Form 42026-05-210001825170-26-000004Insider equity transaction reported since the proxy statement. Filing ↗
60Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
61Section 02, Andrew Kang 2026-05-19Form 42026-05-200001825170-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
62Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
63Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
64Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
65Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
66Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
67Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
68Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
69Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
70Section 02, Jarrod M. Patten 2026-05-19Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
71Section 02, Jarrod M. Patten 2026-05-20Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
72Section 02, Jarrod M. Patten 2026-05-20Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
73Section 02, Jarrod M. Patten 2026-05-20Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
74Section 02, Jarrod M. Patten 2026-05-20Form 42026-05-210001309191-26-000018Insider equity transaction reported since the proxy statement. Filing ↗
75Section 02, Le Phong 2026-05-22Form 42026-05-260001651669-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
76Section 02, Le Phong 2026-05-22Form 42026-05-260001651669-26-000003Insider equity transaction reported since the proxy statement. Filing ↗
77Section 02, Jarrod M. Patten 2026-05-26Form 42026-05-280001309191-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
78Section 02, Jarrod M. Patten 2026-05-26Form 42026-05-280001309191-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
79Section 02, Jarrod M. Patten 2026-05-26Form 42026-05-280001309191-26-000020Insider equity transaction reported since the proxy statement. Filing ↗
80Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
81Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
82Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
83Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
84Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
85Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
86Section 02, Jarrod M. Patten 2026-05-28Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
87Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
88Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
89Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
90Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
91Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
92Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
93Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
94Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
95Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
96Section 02, Jarrod M. Patten 2026-05-29Form 42026-06-010001309191-26-000022Insider equity transaction reported since the proxy statement. Filing ↗
97Section 02, Peter L. Briger, Jr 2026-05-31Form 42026-06-020001193125-26-253980Insider equity transaction reported since the proxy statement. Filing ↗
98Section 02, Peter L. Briger, Jr 2026-05-31Form 42026-06-020001193125-26-253980Insider equity transaction reported since the proxy statement. Filing ↗
99Section 02, Brian P. Brooks 2026-05-31Form 42026-06-020001624877-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
100Section 02, Brian P. Brooks 2026-05-31Form 42026-06-020001624877-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
101Section 02, Brian P. Brooks 2026-05-31Form 42026-06-020001624877-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
102Section 02, Brian P. Brooks 2026-05-31Form 42026-06-020001624877-26-000009Insider equity transaction reported since the proxy statement. Filing ↗
103Section 02, Jane A. Dietze 2026-05-31Form 42026-06-020001341187-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
104Section 02, Jane A. Dietze 2026-05-31Form 42026-06-020001341187-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
105Section 02, Jane A. Dietze 2026-05-31Form 42026-06-020001341187-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
106Section 02, Stephen X. Graham 2026-05-31Form 42026-06-020001282917-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
107Section 02, Carl J. Rickertsen 2026-05-31Form 42026-06-020001203479-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
108Section 02, Carl J. Rickertsen 2026-05-31Form 42026-06-020001203479-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
109Section 02, Gregg J. Winiarski 2026-05-31Form 42026-06-020001466505-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
110Section 02, Gregg J. Winiarski 2026-05-31Form 42026-06-020001466505-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
111Section 02, Gregg J. Winiarski 2026-05-31Form 42026-06-020001466505-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
112Section 02, Jarrod M. Patten 2026-05-31Form 42026-06-020001309191-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
113Section 02, Jarrod M. Patten 2026-05-31Form 42026-06-020001309191-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
114Section 02, Jarrod M. Patten 2026-05-31Form 42026-06-020001309191-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
115Section 02, Jane A. Dietze 2026-05-31Form 42026-06-020001341187-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
116Section 02, Stephen X. Graham 2026-05-31Form 42026-06-020001282917-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
117Section 02, Stephen X. Graham 2026-05-31Form 42026-06-020001282917-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
118Section 02, Stephen X. Graham 2026-05-31Form 42026-06-020001282917-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
119Section 02, Jarrod M. Patten 2026-05-31Form 42026-06-020001309191-26-000024Insider equity transaction reported since the proxy statement. Filing ↗
120Section 02, Carl J. Rickertsen 2026-05-31Form 42026-06-020001203479-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
121Section 02, Carl J. Rickertsen 2026-05-31Form 42026-06-020001203479-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
122Section 02, Gregg J. Winiarski 2026-05-31Form 42026-06-020001466505-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
123Section 02, Andrew Kang 2026-06-03Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
124Section 02, Le Phong 2026-06-03Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
125Section 02, Le Phong 2026-06-03Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
126Section 02, Andrew Kang 2026-06-03Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
127Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
128Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
129Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
130Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
131Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
132Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
133Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
134Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
135Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
136Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
137Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
138Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
139Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
140Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
141Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
142Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
143Section 02, Andrew Kang 2026-06-05Form 42026-06-050001825170-26-000006Insider equity transaction reported since the proxy statement. Filing ↗
144Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
145Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
146Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
147Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
148Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
149Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
150Section 02, Le Phong 2026-06-05Form 42026-06-050001651669-26-000005Insider equity transaction reported since the proxy statement. Filing ↗
151Section 02, Jeanine Montgomery 2026-06-08Form 42026-06-090001444548-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
152Section 02, Andrew Kang 2026-06-08Form 42026-06-090001825170-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
153Section 02, Andrew Kang 2026-06-08Form 42026-06-090001825170-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
154Section 02, Le Phong 2026-06-08Form 42026-06-090001651669-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
155Section 02, Jeanine Montgomery 2026-06-08Form 42026-06-090001444548-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
156Section 02, Le Phong 2026-06-08Form 42026-06-090001651669-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
157Section 02, Andrew Kang 2026-06-09Form 42026-06-090001825170-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
158Section 02, Jeanine Montgomery 2026-06-09Form 42026-06-090001444548-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
159Section 02, Jeanine Montgomery 2026-06-09Form 42026-06-090001444548-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
160Section 02, Jeanine Montgomery 2026-06-09Form 42026-06-090001444548-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
161Section 02, Andrew Kang 2026-06-09Form 42026-06-090001825170-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
162Section 02, Andrew Kang 2026-06-09Form 42026-06-090001825170-26-000008Insider equity transaction reported since the proxy statement. Filing ↗
163Section 02, Le Phong 2026-06-09Form 42026-06-090001651669-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
164Section 02, Le Phong 2026-06-09Form 42026-06-090001651669-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
165Section 02, Le Phong 2026-06-09Form 42026-06-090001651669-26-000007Insider equity transaction reported since the proxy statement. Filing ↗
166Section 02, Jarrod M. Patten 2026-06-15Form 42026-06-170001309191-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
167Section 02, Jarrod M. Patten 2026-06-15Form 42026-06-170001309191-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
168Section 02, Jarrod M. Patten 2026-06-15Form 42026-06-170001309191-26-000027Insider equity transaction reported since the proxy statement. Filing ↗
169Section 02, Thomas Chow 2026-06-16Form 42026-06-170001834012-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
170Section 02, Thomas Chow 2026-06-16Form 42026-06-170001834012-26-000002Insider equity transaction reported since the proxy statement. Filing ↗
171Section 02, Jarrod M. Patten 2026-06-17Form 42026-06-180001309191-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
172Section 02, Jarrod M. Patten 2026-06-17Form 42026-06-180001309191-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
173Section 02, Jarrod M. Patten 2026-06-17Form 42026-06-180001309191-26-000029Insider equity transaction reported since the proxy statement. Filing ↗
174Section 02, Le Phong 2026-06-22Form 42026-06-220001651669-26-000010Insider equity transaction reported since the proxy statement. Filing ↗
175Section 02, Jarrod M. Patten 2026-06-23Form 42026-06-240001309191-26-000031Insider equity transaction reported since the proxy statement. Filing ↗
176Section 02, Jarrod M. Patten 2026-06-23Form 42026-06-240001309191-26-000031Insider equity transaction reported since the proxy statement. Filing ↗
177Section 02, Jarrod M. Patten 2026-06-23Form 42026-06-240001309191-26-000031Insider equity transaction reported since the proxy statement. Filing ↗
178Section 02, Jarrod M. Patten 2026-07-22Form 42026-07-230001193125-26-314630Insider equity transaction reported since the proxy statement. Filing ↗
179Section 02, Jarrod M. Patten 2026-07-22Form 42026-07-230001193125-26-314630Insider equity transaction reported since the proxy statement. Filing ↗
180Section 02, Jarrod M. Patten 2026-07-22Form 42026-07-230001193125-26-314630Insider equity transaction reported since the proxy statement. Filing ↗
181Section 02, Jarrod M. Patten 2026-07-24Form 42026-07-280001193125-26-321074Insider equity transaction reported since the proxy statement. Filing ↗
182Section 02, Jarrod M. Patten 2026-07-24Form 42026-07-280001193125-26-321074Insider equity transaction reported since the proxy statement. Filing ↗
183Section 02, Jarrod M. Patten 2026-07-24Form 42026-07-280001193125-26-321074Insider equity transaction reported since the proxy statement. Filing ↗
184Section 02, Jarrod M. Patten 2026-07-27Form 42026-07-280001193125-26-321074Insider equity transaction reported since the proxy statement. Filing ↗
185Section 02, Jarrod M. Patten 2026-07-27Form 42026-07-280001193125-26-321074Insider equity transaction reported since the proxy statement. Filing ↗
186Section 02, Jarrod M. Patten 2026-07-27Form 42026-07-280001193125-26-321074Insider equity transaction reported since the proxy statement. Filing ↗
187Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
188Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
189Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
190Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
191Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
192Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
193Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
194Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
195Section 02, Jarrod M. Patten 2026-08-07Form 42026-08-100001193125-26-342315Insider equity transaction reported since the proxy statement. Filing ↗
196Section 02, Jarrod M. Patten 2026-08-24Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
197Section 02, Jarrod M. Patten 2026-08-24Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
198Section 02, Jarrod M. Patten 2026-08-24Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
199Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
200Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
201Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
202Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
203Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
204Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
205Section 02, Jarrod M. Patten 2026-08-25Form 42026-08-260001193125-26-368879Insider equity transaction reported since the proxy statement. Filing ↗
206Section 02, Jarrod M. Patten 2026-08-27Form 42026-08-310001193125-26-376987Insider equity transaction reported since the proxy statement. Filing ↗
207Section 02, Jarrod M. Patten 2026-08-27Form 42026-08-310001193125-26-376987Insider equity transaction reported since the proxy statement. Filing ↗
208Section 02, Jarrod M. Patten 2026-08-27Form 42026-08-310001193125-26-376987Insider equity transaction reported since the proxy statement. Filing ↗
209Section 02, Jarrod M. Patten 2026-08-27Form 42026-08-310001193125-26-376987Insider equity transaction reported since the proxy statement. Filing ↗
210Section 02, Thomas Chow 2026-09-04Form 42026-09-080001193125-26-385183Insider equity transaction reported since the proxy statement. Filing ↗
211Section 02, Jarrod M. Patten 2026-09-21Form 42026-09-220001193125-26-398168Insider equity transaction reported since the proxy statement. Filing ↗
212Section 02, Jarrod M. Patten 2026-09-21Form 42026-09-220001193125-26-398168Insider equity transaction reported since the proxy statement. Filing ↗
213Section 02, Jarrod M. Patten 2026-09-21Form 42026-09-220001193125-26-398168Insider equity transaction reported since the proxy statement. Filing ↗
214Section 02, Jarrod M. Patten 2026-09-21Form 42026-09-220001193125-26-398168Insider equity transaction reported since the proxy statement. Filing ↗
215Section 02, Jarrod M. Patten 2026-09-21Form 42026-09-220001193125-26-398168Insider equity transaction reported since the proxy statement. Filing ↗
216Section 02, Jarrod M. Patten 2026-09-22Form 42026-09-230001193125-26-399364Insider equity transaction reported since the proxy statement. Filing ↗
217Section 02, Jarrod M. Patten 2026-09-22Form 42026-09-230001193125-26-399364Insider equity transaction reported since the proxy statement. Filing ↗
218Section 02, Jarrod M. Patten 2026-09-22Form 42026-09-230001193125-26-399364Insider equity transaction reported since the proxy statement. Filing ↗
219Section 02, Jarrod M. Patten 2026-10-08Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
220Section 02, Jarrod M. Patten 2026-10-08Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
221Section 02, Jarrod M. Patten 2026-10-08Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
222Section 02, Jarrod M. Patten 2026-10-08Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
223Section 02, Jarrod M. Patten 2026-10-09Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
224Section 02, Jarrod M. Patten 2026-10-09Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
225Section 02, Jarrod M. Patten 2026-10-09Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
226Section 02, Jarrod M. Patten 2026-10-09Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
227Section 02, Jarrod M. Patten 2026-10-09Form 42026-10-130001193125-26-420388Insider equity transaction reported since the proxy statement. Filing ↗
228Section 06, 2026 voteForm 8-K2026-06-100001193125-26-265108Item 5.07 · say-on-pay result. As reported: 96.91% (votes for as printed: 327,711,367). Filing ↗
229Section 06, 2023 voteForm 8-K2023-05-300001193125-23-156662Item 5.07 · say-on-pay result. As reported: 89.84% (votes for as printed: 20,967,338). Filing ↗
230Section 06, 2020 voteForm 8-K2020-06-020001193125-20-158478Item 5.07 · say-on-pay result. As reported: 99.66%. Filing ↗
231Section 01 trend, Δ column (computed)Computed——Δ = current-FY total − prior-FY total per named officer.machine: formula: Δ = FY(n) − FY(n−1)
232Section 03b vehicle mix (computed)Computed——RSU / PSU / Options grant-date fair values summed per officer from the grants table; % performance-vested = PSU ÷ (RSU+PSU+Options).machine: formula: sums + PSU ratio
233Section 09b board cost (computed)Computed——Cash 900,000 + equity 10,566,250 + all other 26,765 = 11,493,015, summed across the director compensation table rows.machine: formula: Σ = 11,493,015
234CrowdStrike Holdings, Inc., Section 10b CEO totalDEF 14A2026-05-050001104659-26-055599CEO total compensation as printed in CrowdStrike Holdings, Inc.'s own proxy. As printed: 247,579,143. Filing ↗machine: r1 · c35 · span 883743–883754
235Fiserv, Inc., Section 10b CEO totalDEF 14A2026-04-020001140361-26-013003CEO total compensation as printed in Fiserv, Inc.'s own proxy. As printed: 70,341,992. Filing ↗machine: t198 · r2 · c22 · span 1028715–1028725
236BlackRock, Inc., Section 10b CEO totalDEF 14A2026-04-100001308179-26-000262CEO total compensation as printed in BlackRock, Inc.'s own proxy. As printed: 37,749,569. Filing ↗machine: span 1984856–1984866
237PayPal Holdings, Inc., Section 10b CEO totalDEF 14A2026-04-070001193125-26-145721CEO total compensation as printed in PayPal Holdings, Inc.'s own proxy. As printed: 25,243,486. Filing ↗machine: t411 · r4 · c27 · span 1387299–1387309
238C3.ai, Inc., Section 10b CEO totalDEF 14A2026-08-280001577526-26-000110CEO total compensation as printed in C3.ai, Inc.'s own proxy. As printed: 24,308,723. Filing ↗machine: r2 · c24 · span 463508–463518
239Workday, Inc., Section 10b CEO totalDEF 14A2026-05-050001104659-26-055687CEO total compensation as printed in Workday, Inc.'s own proxy. As printed: 19,231,325. Filing ↗
240Intapp, Inc., Section 10b CEO totalDEF 14A2026-10-060001140361-26-038804CEO total compensation as printed in Intapp, Inc.'s own proxy. As printed: 18,548,023. Filing ↗machine: r2 · c18 · span 516318–516329
241Five9, Inc., Section 10b CEO totalDEF 14A2026-04-070001288847-26-000055CEO total compensation as printed in Five9, Inc.'s own proxy. As printed: 17,403,709. Filing ↗machine: r4 · c24 · span 919196–919206
242Qualys, Inc., Section 10b CEO totalDEF 14A2026-04-220001140361-26-016101CEO total compensation as printed in Qualys, Inc.'s own proxy. As printed: 15,947,158. Filing ↗machine: t212 · r2 · c19 · span 828448–828458
243Varonis Systems, Inc., Section 10b CEO totalDEF 14A2026-04-170001140361-26-015263CEO total compensation as printed in Varonis Systems, Inc.'s own proxy. As printed: 14,375,278. Filing ↗machine: r2 · c22 · span 1111019–1111029
244Guidewire Software, Inc., Section 10b CEO totalDEF 14A2025-10-300001528396-25-000233CEO total compensation as printed in Guidewire Software, Inc.'s own proxy. As printed: 14,012,061. Filing ↗machine: r3 · c21 · span 777771–777781
245Strategy (subject), Section 10b CEO totalDEF 14A2026-04-280001193125-26-186895CEO total compensation as printed in Strategy's own proxy. As printed: 13,784,204. Filing ↗machine: span 684288–684298
246Fortinet, Inc., Section 10b CEO totalDEF 14A2026-04-290002077096-26-000106CEO total compensation as printed in Fortinet, Inc.'s own proxy. As printed: 11,458,039. Filing ↗machine: r1 · c14 · span 1588404–1588414
247SPS Commerce, Inc., Section 10b CEO totalDEF 14A2026-04-140001092699-26-000029CEO total compensation as printed in SPS Commerce, Inc.'s own proxy. As printed: 11,410,244. Filing ↗machine: r2 · c42 · span 913548–913558
248Clearwater Analytics Holdings, Inc., Section 10b CEO totalDEF 14A2025-04-290001628280-25-020660CEO total compensation as printed in Clearwater Analytics Holdings, Inc.'s own proxy. As printed: 11,123,831. Filing ↗machine: t29 · r3 · c18 · span 1151764–1151774
249Verint Systems Inc., Section 10b CEO totalDEF 14A2025-05-080001166388-25-000085CEO total compensation as printed in Verint Systems Inc.'s own proxy. As printed: 10,825,132. Filing ↗machine: t40 · r3 · c16 · span 735065–735075
250Coinbase Global, Inc., Section 10b CEO totalDEF 14A2026-04-240001679788-26-000045CEO total compensation as printed in Coinbase Global, Inc.'s own proxy. As printed: 9,713,000. Filing ↗machine: span 463259–463268
251Domo, Inc., Section 10b CEO totalDEF 14A2026-06-010001628280-26-039549CEO total compensation as printed in Domo, Inc.'s own proxy. As printed: 9,465,244. Filing ↗machine: t13 · r2 · c14 · span 455747–455756
252nCino, Inc., Section 10b CEO totalDEF 14A2026-05-080001193125-26-214613CEO total compensation as printed in nCino, Inc.'s own proxy. As printed: 9,089,558. Filing ↗machine: t137 · r2 · c34 · span 465103–465112
253Palantir Technologies Inc., Section 10b CEO totalDEF 14A2026-04-240001321655-26-000019CEO total compensation as printed in Palantir Technologies Inc.'s own proxy. As printed: 8,623,000. Filing ↗machine: span 519802–519811
254Pegasystems Inc., Section 10b CEO totalDEF 14A2026-04-240001013857-26-000031CEO total compensation as printed in Pegasystems Inc.'s own proxy. As printed: 8,332,032. Filing ↗machine: span 334047–334056
255EverCommerce Inc., Section 10b CEO totalDEF 14A2026-04-280001140361-26-017429CEO total compensation as printed in EverCommerce Inc.'s own proxy. As printed: 6,789,249. Filing ↗
256GitLab Inc., Section 10b CEO totalDEF 14A2026-05-010001653482-26-000085CEO total compensation as printed in GitLab Inc.'s own proxy. As printed: 1,047,060. Filing ↗machine: span 506534–506543
257Block, Inc., Section 10b CEO totalDEF 14A2026-04-240001628280-26-027203CEO total compensation as printed in Block, Inc.'s own proxy. As printed: 3. Filing ↗machine: r2 · c36 · span 720350–720354
258Section 10a, Five9, Inc. reciprocityDEF 14A—0001288847-26-000055Five9, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
259Section 10a, BlackRock, Inc. reciprocityDEF 14A—0001308179-26-000262BlackRock, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
260Section 10a, C3.ai, Inc. reciprocityDEF 14A—0001577526-26-000110C3.ai, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
261Section 10a, nCino, Inc. reciprocityDEF 14A—0001193125-26-214613nCino, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
262Section 10a, Varonis Systems, Inc. reciprocityDEF 14A—0001140361-26-015263Varonis Systems, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
263Section 10a, Clearwater Analytics Holdings, Inc. reciprocityDEF 14A—0001628280-25-020660Clearwater Analytics Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
264Section 10a, GitLab Inc. reciprocityDEF 14A—0001653482-26-000085GitLab Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
265Section 10a, Pegasystems Inc. reciprocityDEF 14A—0001013857-26-000031Pegasystems Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
266Section 10a, Verint Systems Inc. reciprocityDEF 14A—0001166388-25-000085Verint Systems Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
267Section 10a, Domo, Inc. reciprocityDEF 14A—0001628280-26-039549Domo, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
268Section 10a, Guidewire Software, Inc. reciprocityDEF 14A—0001528396-25-000233Guidewire Software, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
269Section 10a, Qualys, Inc. reciprocityDEF 14A—0001140361-26-016101Qualys, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
270Section 10a, Intapp, Inc. reciprocityDEF 14A—0001140361-26-038804Intapp, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
271Section 10a, SPS Commerce, Inc. reciprocityDEF 14A—0001092699-26-000029SPS Commerce, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
272Section 10a, CrowdStrike Holdings, Inc. reciprocityDEF 14A—0001104659-26-055599CrowdStrike Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
273Section 10a, Fortinet, Inc. reciprocityDEF 14A—0002077096-26-000106Fortinet, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
274Section 10a, Palantir Technologies Inc. reciprocityDEF 14A—0001321655-26-000019Palantir Technologies Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
275Section 10a, Block, Inc. reciprocityDEF 14A—0001628280-26-027203Block, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
276Section 10a, Fiserv, Inc. reciprocityDEF 14A—0001140361-26-013003Fiserv, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
277Section 10a, PayPal Holdings, Inc. reciprocityDEF 14A—0001193125-26-145721PayPal Holdings, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
278Section 10a, Workday, Inc. reciprocityDEF 14A—0001104659-26-055687Workday, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗
279Section 10a, Coinbase Global, Inc. reciprocityDEF 14A—0001679788-26-000045Coinbase Global, Inc.'s most recent proxy was read; its disclosed peer group does not include Strategy. Filing ↗

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