MSTR.NASDAQMicrostrategy INC

Form 4: MicroStrategy Director Stephen Graham Exercises Stock Options and Sells Shares

Sentiment:

SEC Form 4 Filing

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Stephen Graham, a director at MicroStrategy, exercised stock options to acquire 1,000 shares at $186.54 and sold 1,000 shares at $890 on February 27, 2024.

Summary

  • On February 27, 2024, Stephen Graham, a director of MicroStrategy, exercised stock options to acquire 1,000 shares of Class A Common Stock at a price of $186.54 per share.
  • On the same day, Mr. Graham sold 1,000 shares of Class A Common Stock at a price of $890 per share.
  • Following these transactions, Mr. Graham directly owns 200 shares of Class A Common Stock.
  • Mr. Graham also holds multiple director stock options to purchase MicroStrategy Class A common stock at various exercise prices and expiration dates.
  • These options include the right to purchase 5,000 shares each at exercise prices of $182.36, $129.57, $132.91, $124.48, $470.00, and $264.69, as well as an option to purchase 761 shares at $301.63.
  • Mr. Graham also owns restricted stock units with the contingent right to receive 497 shares of Class A common stock.

Sentiment

Score: 5

Explanation: This is a neutral disclosure of insider trading activity. The director exercised options and sold shares, which is a common practice. There's no indication of positive or negative sentiment towards the company.

Industry Context

This Form 4 filing is a routine disclosure of insider transactions, providing transparency to the market regarding the actions of company directors. It's common for directors to exercise stock options and sell shares for personal financial management.

Comparison to Industry Standards

  • Form 4 filings are standard practice for publicly traded companies and their insiders, ensuring compliance with SEC regulations.
  • The details provided are consistent with what is expected in such filings, including transaction dates, share amounts, and prices.
  • Comparable companies like Block, Coinbase, and Tesla also have frequent Form 4 filings related to their executives and directors.

Key Dates

DateDescription
May 31, 2018Various stock options began vesting.
May 31, 2019Various stock options vested.
May 31, 2020Various stock options vested.
May 31, 2021Various stock options vested.
May 31, 2022Various stock options vested.
May 31, 2023Various stock options vested.
02/27/2024Stephen Graham exercised stock options and sold shares.
02/28/2024Date of Form 4 signature.
May 31, 2024Various stock options and restricted stock units are scheduled to vest.
May 31, 2025Various stock options are scheduled to vest.
May 31, 2026Various stock options are scheduled to vest and expire.
May 31, 2027Stock options expire.
May 31, 2028Stock options expire.
May 31, 2029Stock options expire.
May 31, 2030Stock options expire.
May 31, 2031Stock options expire.
May 31, 2032Stock options expire.
May 31, 2033Stock options expire.

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