Form 4: MicroStrategy Director Jarrod M. Patten Executes Stock Options and Sells Shares
SEC Form 4 Filing
Director Jarrod M. Patten exercised stock options and sold MicroStrategy (MSTR) Class A Common Stock on March 20 and 21, 2024.
Summary
- On March 20 and 21, 2024, Jarrod M. Patten, a director at MicroStrategy, exercised stock options to acquire Class A Common Stock at a price of $121.43 per share.
- Following the exercise of these options, Patten sold shares of Class A Common Stock in multiple transactions at varying prices.
- On March 20, 2024, 1,425 shares were acquired via option exercise and 1,000 shares were sold at prices ranging from $1,443.64 to $1,531.54.
- On March 21, 2024, 3,675 shares were acquired via option exercise and 2,225 shares were sold at prices ranging from $1,598.61 to $1,700.
- After these transactions, Patten directly owns 0 shares of Class A Common Stock.
- Patten also holds multiple director stock options to purchase MicroStrategy Class A common stock with various exercise prices and expiration dates, as well as restricted stock units.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing detailing stock transactions by a company director. It doesn't inherently convey positive or negative sentiment, but rather provides factual information about insider trading activity.
Industry Context
This filing is a routine disclosure of insider trading activity, which is common for publicly traded companies. Investors often monitor these filings to understand the sentiment and actions of company insiders.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership of shares.
- The transactions do not appear to have a direct impact on employees, customers, suppliers, or creditors.
Key Dates
| Date | Description |
|---|---|
| 03/20/2024 | Director Patten exercised stock options and sold shares of Class A Common Stock. |
| 03/21/2024 | Director Patten exercised stock options and sold shares of Class A Common Stock. |
| 03/22/2024 | Date of signature for the SEC filing. |
| 04/30/2024 | Expiration date for options exercised on March 20 and 21, 2024. |
| 05/31/2024 | Vesting date for 1,250 shares subject to a director stock option with an exercise price of $124.48 per share. |
| 05/31/2025 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $175.98 per share. |
| 05/31/2026 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $186.54 per share. |
| 05/31/2027 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $182.36 per share. |
| 05/31/2028 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $129.57 per share. |
| 05/31/2029 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $132.91 per share. |
| 05/31/2030 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $124.48 per share. |
| 05/31/2031 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $470.00 per share. |
| 05/31/2032 | Expiration date for options to purchase 5,000 shares of Class A common stock with an exercise price of $264.69 per share. |
| 05/31/2033 | Expiration date for options to purchase 761 shares of Class A common stock with an exercise price of $301.63 per share. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.