Strategy (MSTR) Proxy filing summary

Executive summary

• Proxy materials supplement details engagement of Alliance Advisors to solicit votes for Proposal 5 at the 2026 Annual Meeting scheduled for June 8, 2026.

• Proposal 5 seeks to amend the STRC preferred stock dividend cadence from monthly to semi-monthly, aiming for reduced reinvestment lag, enhanced liquidity, and increased price stability.

• Shareholders of record as of April 17, 2026, are eligible to vote, with instructions provided for both online and broker-assisted voting.

• Forward-looking statements caution that actual results may differ due to various risk factors disclosed in the annual report and SEC filings.

Voting matters and shareholder proposals

• Proposal 5 requests approval to change STRC dividend payments from monthly to semi-monthly without altering the dividend rate, annual dividend, voting rights, or par value.

• Approval requires affirmative votes from both MSTR and STRC shareholders.

• Voting can be conducted online, through brokers, or via Alliance Advisors, with detailed instructions for various brokerage platforms.

Board of directors and corporate governance

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

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