Sec Form 4 Filing - Patten Jarrod M @ MICROSTRATEGY Inc - 2025-04-22

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Patten Jarrod M 2. Issuer Name and Ticker or Trading Symbol MICROSTRATEGY Inc [ MSTR] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O MICROSTRATEGY INCORPORATED, 1850 TOWERS CRESCENT PLAZA 3. Date of Earliest Transaction (MM/DD/YY) 04/22/2025 (Street) TYSONS CORNER, VA22182 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Class A Common Stock 04/22/2025 M 1,700 A $ 17.598 6,670 ( 1 ) D Class A Common Stock 04/22/2025 S 500 D $ 335.65 6,170 D Class A Common Stock 04/22/2025 S 500 D $ 340 5,670 D Class A Common Stock 04/22/2025 S 700 D $ 348 4,970 D Class A Common Stock 04/23/2025 M 1,100 A $ 17.598 6,070 D Class A Common Stock 04/23/2025 S 1,100 D $ 355 4,970 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares Director Stock Option (Right to buy) $ 17.598 ( 2 ) 04/22/2025 M 1,700 ( 2 ) ( 2 ) 05/31/2025 Class A Common Stock 1,700 $ 0 48,300 ( 3 ) D Director Stock Option (Right to buy) $ 17.598 04/23/2025 M 1,100 ( 4 ) 05/31/2025 Class A Common Stock 1,100 $ 0 47,200 ( 3 ) D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Patten Jarrod M C/O MICROSTRATEGY INCORPORATED 1850 TOWERS CRESCENT PLAZA TYSONS CORNER, VA22182 X Signatures /s/ Allein Sabel, Attorney-in-Fact 04/24/2025 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On August 7, 2024, the Issuer effected a 10-for-1 forward stock split. See Exhibit A for additional information. ( 2 )As a result of the Stock Dividend, effective August 7, 2024, the exercise price of this option decreased from $175.98 per share to $17.598 per share and the number of shares underlying this option increased from 5,000 shares to 50,000 shares. The 1,700 shares exercised on April 22, 2025 pursuant to this option vested on May 31, 2016. Of the remaining 48,300 shares subject to this option, 10,800 shares vested on May 31, 2016, 12,500 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, and 12,500 shares vested on May 31, 2019. ( 3 )See Exhibit A. ( 4 )The 1,100 shares exercised on April 23, 2025 pursuant to this option vested on May 31, 2016. Of the remaining 47,200 shares subject to this option, 9,700 shares vested on May 31, 2016, 12,500 shares vested on May 31, 2017, 12,500 shares vested on May 31, 2018, and 12,500 shares vested on May 31, 2019.

Remarks: Exhibit 24 - Power of Attorney

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