Strategy (MSTR) Proxy filing summary

Executive summary

• A live Q&A with executive leadership addressed key proposals for the 2026 Annual Meeting, focusing on dividend policy and shareholder voting matters.

• The company is proposing to move dividends for its Variable Rate Series A Perpetual Stretch Preferred Stock (STRC) from monthly to semi-monthly, aiming to increase liquidity and reduce volatility.

• The stability of the $100 peg for STRC is a primary business objective, with management committed to actions supporting this target.

• Forward-looking statements highlight potential future changes to dividend rates and terms, subject to shareholder demand and market performance.

Voting matters and shareholder proposals

• Shareholders are being asked to vote on an amendment to pay STRC dividends semi-monthly instead of monthly, with the vote scheduled for June 8, 2026.

• The company encourages all eligible shareholders to participate in the vote, emphasizing the benefits of increased dividend frequency.

• Consideration of more frequent dividends for other preferred stock series may occur in the future, but the current focus is on STRC.

Board of directors and corporate governance

• The company operates under Delaware corporate governance requirements, which influence the pace and structure of proposed changes.

• Directors, executive officers, and certain investor relations employees are participants in the proxy solicitation.