Strategy Director Jarrod Patten Sells 4,750 MSTR Shares After Exercising Options, Realizing Approximately USD 670,000

TechFlow reported on November 9 that, according to a Form 4 filing disclosed by the U.S. Securities and Exchange Commission (SEC), Strategy (MSTR) director Jarrod M. Patten exercised stock options on November 4 at USD 18.236 per share, acquiring 4,750 Class A common shares, and subsequently sold all of them in five transactions.

The filing shows that each of the five transactions sold 950 shares at prices of USD 143, USD 145, USD 137, USD 139 and USD 141 per share, respectively, for total sale proceeds of approximately USD 669,800. After deducting approximately USD 86,600 in exercise costs, the difference was approximately USD 583,100, excluding taxes and fees.

After the transactions were completed, Patten still directly held 28,406 Strategy Class A common shares.

Source: TechFlow