Strategy (MSTR) Proxy filing summary

Executive summary

• Shareholders are being asked to vote on a proposal to change the dividend payment frequency for STRC preferred stock from monthly to semi-monthly, with the same total annual yield but twice as many payments.

• The change aims to stabilize the stock price, reduce volatility, increase liquidity, and drive demand for STRC.

• If approved, the new dividend cadence would begin with a record date at the end of June and the first payment on July 15, 2026.

• STRC would become the only preferred or common equity globally to pay semi-monthly dividends.

• Voting is open to shareholders as of April 17, 2026, with polls closing in early June.

Voting matters and shareholder proposals

• The main proposal is to amend the dividend payment schedule for STRC preferred stock to semi-monthly payments.

• Shareholders can vote online or via proxy card, with instructions provided in the proxy materials.

• The rationale, timeline, and FAQs for the amendment are available to shareholders.

Board of directors and corporate governance

• The board or a duly authorized committee retains discretion to declare dividends, subject to funds being legally available.

• Directors and executive officers are participants in the proxy solicitation process.