Form 4: MicroStrategy SVP & CAO Jeanine Montgomery Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Jeanine Montgomery, SVP & CAO of MicroStrategy, reports the acquisition and disposition of Class A Common Stock related to restricted stock units.
Summary
- Jeanine Montgomery, SVP & CAO of MicroStrategy, filed a Form 4 detailing changes in her beneficial ownership of MicroStrategy stock.
- On June 17, 2024, Ms. Montgomery acquired 114 shares of Class A Common Stock and disposed of 38 shares at a price of $1,441.81.
- The disposition of shares was to cover tax withholding obligations upon the vesting of restricted stock units.
- Following the reported transactions, Ms. Montgomery directly owns 605 shares of Class A Common Stock.
- Ms. Montgomery also holds options to purchase 7,500 shares at $691.23 and 4,000 shares at $404.60, with various vesting schedules.
- She also owns restricted stock units for additional shares that will vest in the future.
Sentiment
Score: 5
Explanation: This is a routine disclosure of insider transactions, with no clear positive or negative implications for the company's performance.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders. These filings are closely watched by investors for signals about management's confidence in the company's prospects.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- Employees holding similar stock options and restricted stock units may be interested in the vesting schedules and exercise prices.
Key Dates
| Date | Description |
|---|---|
| 02/23/2022 | 1,875 shares of stock option vested |
| 02/17/2023 | 250 shares of stock option vested |
| 02/23/2023 | 1,875 shares of stock option vested |
| 02/17/2024 | 1,250 shares of stock option vested |
| 02/23/2024 | 1,875 shares of stock option vested |
| 06/05/2024 | Restricted stock units vested and settled |
| 06/17/2024 | Reported transaction date: Acquisition and disposition of shares |
| 11/13/2024 | 150 shares of restricted stock units scheduled to vest |
| 11/15/2024 | 10 shares of restricted stock units scheduled to vest |
| 02/17/2025 | 1,250 shares of stock option scheduled to vest |
| 02/23/2025 | 1,875 shares of stock option scheduled to vest |
| 03/21/2025 | 155 shares of restricted stock units scheduled to vest |
| 06/05/2025 | 114 restricted stock units vesting |
| 11/15/2025 | 10 shares of restricted stock units scheduled to vest |
| 02/17/2026 | 1,250 shares of stock option scheduled to vest |
| 03/21/2026 | 156 shares of restricted stock units scheduled to vest |
| 06/05/2026 | 114 restricted stock units vesting |
| 03/21/2027 | 156 shares of restricted stock units scheduled to vest |
| 06/05/2027 | 115 restricted stock units vesting |
| 03/21/2028 | 156 shares of restricted stock units scheduled to vest |
| 02/23/2031 | Expiration date of stock option to purchase 7,500 shares |
| 02/17/2032 | Expiration date of stock option to purchase 4,000 shares |
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