Form 4: MicroStrategy Director Jarrod M. Patten Exercises Options and Sells Shares
SEC Form 4 Filing
Director Jarrod M. Patten exercised stock options and sold a portion of the acquired shares of MicroStrategy Inc. on May 5, 2025.
Summary
- On May 5, 2025, Jarrod M. Patten, a director of MicroStrategy Incorporated, exercised stock options to acquire 3,300 shares of Class A Common Stock at a price of $17.598 per share.
- Following the exercise, Patten sold 500 shares at $382 per share and 700 shares at $387 per share.
- After these transactions, Patten directly owns 9,170 shares of Class A Common Stock and holds options for 38,700 additional shares.
Sentiment
Score: 5
Explanation: This is a neutral disclosure of insider transactions. It doesn't inherently indicate positive or negative sentiment about the company's prospects.
Industry Context
This Form 4 filing is a routine disclosure of insider transactions, providing transparency to investors regarding the actions of company directors. It's common for executives to exercise stock options and sell a portion of the shares for personal financial management.
Stakeholder Impact
- The transactions may have a minor impact on shareholders due to the change in ownership, but the overall effect is likely minimal.
Key Dates
| Date | Description |
|---|---|
| 05/31/2016 | Vesting date of 1,200 option shares. |
| 05/31/2017 | Vesting date of 12,500 option shares. |
| 05/31/2018 | Vesting date of 12,500 option shares. |
| 05/31/2019 | Vesting date of 12,500 option shares. |
| 05/05/2025 | Date of option exercise and share sales. |
| 05/31/2025 | Expiration date of the director stock option. |
| 05/07/2025 | Date of Form 4 signature. |
Keywords
MicroStrategy, MSTR, Form 4, Insider Trading, Stock Options, Director, Jarrod M. Patten, Share Sale, Equity Securities
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