Form 4: MicroStrategy SEVP & CFO Andrew Kang Reports Stock Transactions
SEC Form 4 Filing
Andrew Kang, SEVP & CFO of MicroStrategy, reports the acquisition and disposition of Class A Common Stock and Restricted Stock Units.
Summary
- On June 17, 2024, Andrew Kang, SEVP & CFO of MicroStrategy, reported transactions involving MicroStrategy Class A Common Stock.
- Kang acquired 425 shares of Class A Common Stock.
- Kang disposed of 209 shares of Class A Common Stock at a price of $1,441.81 per share.
- Following these transactions, Kang directly owns 1,987 shares of Class A Common Stock.
- Kang also directly owns 1,778 shares of Class A Common Stock after the reported transaction.
- Kang owns 1,278 Restricted Stock Units after the reported transaction.
- The disposition of shares was to cover tax withholding obligations upon vesting of restricted stock units.
- Remaining restricted stock units will vest in equal annual installments over a three-year period.
Sentiment
Score: 5
Explanation: The document is a neutral report of stock transactions, with no inherent positive or negative sentiment.
Future Outlook
Remaining restricted stock units will vest in equal annual installments over a three-year period, with 426 restricted stock units vesting on June 5, 2025, 426 restricted stock units vesting on June 5, 2026 and 426 restricted stock units vesting on June 5, 2027.
Industry Context
This filing is a routine disclosure of stock transactions by a company executive, which is common practice for publicly traded companies.
Key Dates
| Date | Description |
|---|---|
| 06/05/2024 | Vesting of restricted stock units. |
| 06/17/2024 | Date of stock transactions. |
| 06/20/2024 | Date of signature on the Form 4. |
| 05/18/2032 | Expiration date of employee stock option to purchase 11,250 shares of Class A common stock with an exercise price of $197.44 per share. |
| 06/05/2033 | Expiration date of employee stock option to purchase 4,949 shares of Class A common stock with an exercise price of $276.36 per share. |
| 03/21/2034 | Expiration date of employee stock option to purchase 955 shares of Class A common stock with an exercise price of $1,599.29 per share. |
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