Strategy (MSTR) Proxy filing summary

Executive summary

• Proposed amendments would make dividends on STRF, STRC, STRK, and STRD accrue every calendar day, including weekends and holidays, and be paid the next business day, subject to MSTR shareholder approval.

• Stated aims include greater price stability and market efficiency, improved liquidity, reduced reinvestment lag, and dampened cyclicality; STRC is intended to trade closer to its $100 target price.

Voting matters and shareholder proposals

• Voting opened October 5, 2026; the Special Meeting is scheduled for October 28. MSTR common-stock holders as of September 25, 2026, are eligible to vote.

• Votes may be changed until 11:59 p.m. EDT on October 27, 2026, by contacting a broker, submitting a new proxy, or voting online during the meeting.

• If approved, STRC’s first daily record date and payment date would be November 1 and 2, 2026; for STRF, STRK, and STRD, January 1 and 4, 2027.

Risk oversight and compliance

• Forward-looking outcomes are subject to risks including Bitcoin price fluctuations, shareholder approval of the amendments, and risk factors in the August 3, 2026 Form 10-Q and other SEC filings.