Strategy (MSTR) Proxy filing summary

Executive summary

• Michael Saylor and Chaitanya Jain discussed a proposal to move STRC dividends from twice monthly to daily, with calendar-day accrual intended to support 24/7 tokenized markets.

• Saylor and Jain cited potential benefits including higher liquidity, less volatility, broader investor participation and improved use of STRC as repo collateral; these were presented as expected impacts.

Voting matters and shareholder proposals

• The STRC daily-dividend proposal is subject to a shareholder vote at the Special Meeting on October 28, 2026; voting is scheduled to continue through October 27, and daily dividends were expected to begin in November if approved.

• Definitive proxy materials and proxy cards began mailing October 5; this additional communication does not include proxy cards, and votes must follow the definitive proxy's instructions.

Shareholder rights and capital structure

• Only Class A and Class B common stockholders of record on September 25, 2026, may vote at the Special Meeting; preferred-stock holders are not eligible solely by holding preferred shares.