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The reporting person undertakes to provide to MicroStrategy Incorporated, any security holder of MicroStrategy Incorporated, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each price within the ranges set forth in this footnote."}],"balance_after":500,"source":{"system":"sec-edgar","filing":"0001209191-18-027330","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919118027330/doc4.xml","form_type":"4"}},{"id":3949978,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Class A Common Stock","published_at":"2018-05-02T20:17:58.000Z","date":"2018-05-01","kind":"exercise","acquired":true,"shares":3500,"price":121.43,"value":425005.0,"ownership":{"direct":true},"balance_after":3500,"source":{"system":"sec-edgar","filing":"0001209191-18-027330","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919118027330/doc4.xml","form_type":"4"}},{"id":4296322,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Director Stock Option (Right to buy)","published_at":"2017-06-02T20:31:45.000Z","date":"2017-05-31","kind":"grant","acquired":true,"shares":5000,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"This option is scheduled to vest as to 1,250 shares on the first anniversary of the grant date, and as to an additional 1,250 shares on each anniversary thereafter until the option is vested in full.  This option was granted pursuant to Amendment No. 2 to the MicroStrategy Incorporated 2013 Stock Incentive Plan (\"Amendment No. 2\"). Amendment No. 2 provides for the annual automatic grant of a stock option to purchase 5,000 shares of Class A common stock to each non-employee director on May 31 of each year, beginning in 2015.  Amendment No. 2 was approved by the stockholders of MicroStrategy Incorporated at the 2015 annual meeting."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"See Exhibit A."}],"balance_after":5000,"derivative":{"exercise_price":182.36,"expiration_date":"2027-05-31","underlying":"Class A Common Stock","underlying_shares":5000},"source":{"system":"sec-edgar","filing":"0001209191-17-037264","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919117037264/doc4.xml","form_type":"4"}},{"id":4530103,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Director Stock Option (Right to buy)","published_at":"2016-12-07T21:07:17.000Z","date":"2016-12-05","kind":"exercise","acquired":false,"shares":368,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"The 368 shares exercised on December 5, 2016 pursuant to this option vested on April 30, 2016. Of the remaining 17,900 shares subject to this option, 5,400 shares vested on April 30, 2016, 6,250 shares are scheduled to vest on April 30, 2017, and 6,250 shares are scheduled to vest on April 30, 2018."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"See Exhibit A."}],"balance_after":17900,"derivative":{"exercise_price":121.43,"expiration_date":"2024-04-30","underlying":"Class A Common Stock","underlying_shares":368},"source":{"system":"sec-edgar","filing":"0001209191-16-153873","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919116153873/doc4.xml","form_type":"4"}},{"id":4530102,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Class A Common Stock","published_at":"2016-12-07T21:07:17.000Z","date":"2016-12-05","kind":"sale","acquired":false,"shares":368,"price":195.25,"value":71852.0,"ownership":{"direct":true},"balance_after":0,"source":{"system":"sec-edgar","filing":"0001209191-16-153873","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919116153873/doc4.xml","form_type":"4"}},{"id":4530101,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Class A Common Stock","published_at":"2016-12-07T21:07:17.000Z","date":"2016-12-05","kind":"exercise","acquired":true,"shares":368,"price":121.43,"value":44686.24,"ownership":{"direct":true},"balance_after":368,"source":{"system":"sec-edgar","filing":"0001209191-16-153873","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919116153873/doc4.xml","form_type":"4"}},{"id":4533776,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Director Stock Option (Right to buy)","published_at":"2016-12-05T16:54:51.000Z","date":"2016-12-01","kind":"exercise","acquired":false,"shares":482,"price":0,"value":0.0,"ownership":{"direct":true},"footnotes":[{"field":"derivative.exercise_date","element":"exerciseDate","label":"F1","text":"The 482 shares exercised on December 1, 2016 pursuant to this option vested on April 30, 2016. Of the remaining 18,268 shares subject to this option, 5,768 shares vested on April 30, 2016, 6,250 shares are scheduled to vest on April 30, 2017, and 6,250 shares are scheduled to vest on April 30, 2018."},{"field":"balance_after","element":"sharesOwnedFollowingTransaction","label":"F2","text":"See Exhibit A."}],"balance_after":18268,"derivative":{"exercise_price":121.43,"expiration_date":"2024-04-30","underlying":"Class A Common Stock","underlying_shares":482},"source":{"system":"sec-edgar","filing":"0001209191-16-153245","document":"doc4.xml","document_sequence":1,"table":"derivative","row_type":"transaction","position":3,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919116153245/doc4.xml","form_type":"4"}},{"id":4533775,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Class A Common Stock","published_at":"2016-12-05T16:54:51.000Z","date":"2016-12-01","kind":"sale","acquired":false,"shares":482,"price":196,"value":94472.0,"ownership":{"direct":true},"balance_after":0,"source":{"system":"sec-edgar","filing":"0001209191-16-153245","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":2,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919116153245/doc4.xml","form_type":"4"}},{"id":4533774,"issuer":{"id":3031,"kind":"organization","name":"Strategy Inc","symbol":"MSTR"},"owners":[{"id":166451,"kind":"person","name":"Epstein Robert H","position":1,"cik":"0001345117","reported_name":"Epstein Robert H","relationship":{"director":true,"officer":false,"ten_percent_owner":false,"other":false}}],"security":"Class A Common Stock","published_at":"2016-12-05T16:54:51.000Z","date":"2016-12-01","kind":"exercise","acquired":true,"shares":482,"price":121.43,"value":58529.26,"ownership":{"direct":true},"balance_after":482,"source":{"system":"sec-edgar","filing":"0001209191-16-153245","document":"doc4.xml","document_sequence":1,"table":"nonDerivative","row_type":"transaction","position":1,"url":"https://www.sec.gov/Archives/edgar/data/1050446/000120919116153245/doc4.xml","form_type":"4"}}]}