Strategy (MSTR) Proxy filing summary

Executive summary

• Proposal to amend dividend payment schedule for STRC preferred stock from monthly to semi-monthly, aiming to enhance liquidity, price stability, and market efficiency.

• No change to the total annual dividend rate; only the frequency of payments would be affected.

• If approved, the first semi-monthly dividend would be announced June 15, 2026, with a record date of June 30, 2026, and payment on July 15, 2026.

• Voting eligibility is limited to shareholders of record as of April 17, 2026.

• Forward-looking statements caution that actual results may differ due to various risk factors.

Voting matters and shareholder proposals

• Shareholders are asked to vote on the amendment to change STRC dividend payments to a semi-monthly schedule.

• Both STRC and MSTR shareholders must vote separately if they hold both securities; both votes must pass for the amendment to take effect.

• Voting can be done online or through brokers, with the deadline to change votes set for June 7, 2026.

Board of directors and corporate governance

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

• Information on director and executive compensation, as well as security ownership, is available in the definitive proxy statement.