Strategy (MSTR) Proxy filing summary

Executive summary

• Proxy solicitation focuses on a proposal to change the dividend payment frequency for STRC preferred stock from monthly to semi-monthly, aiming to enhance liquidity, reduce reinvestment lag, and improve price stability.

• The annual meeting is scheduled for June 8, 2026, with voting instructions provided via phone, online, or proxy card.

• Communications emphasize the benefits of the proposal, including alignment with bi-monthly payroll cycles and eligibility for low-volatility indices.

• Forward-looking statements highlight potential impacts of the dividend change and caution about risks and uncertainties.

Voting matters and shareholder proposals

• Shareholders are asked to approve an amendment to pay STRC dividends semi-monthly instead of monthly.

• The board recommends voting in favor of the proposal, citing benefits such as reduced volatility and improved liquidity.

• Voting can be conducted by phone, online, or by proxy card, with reminders sent to shareholders who have not yet voted.

Board of directors and corporate governance

• The board has authorized phone voting for shareholders who have not registered their vote close to the meeting date.

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