Kang Andrew 4
4 · Strategy Inc · Filed Mar 19, 2026
Research Summary
AI-generated summary of this filing
Strategy (MSTR) EVP/CFO Andrew Kang Receives Stock Awards
What Happened
Andrew Kang, Strategy Inc.’s EVP and CFO, received equity awards on March 17, 2026: an option-like award for 8,391 units, 18,298 restricted stock units (RSUs), and 6,722 performance stock units (PSUs). All grants are reported as derivative awards with a $0 per-share grant price; the filing does not report a cash value — actual value depends on Strategy’s future stock price and PSU performance outcomes.
Key Details
- Transaction date: 2026-03-17; Form 4 filed: 2026-03-19 (timely filing). Transaction code: A = Award/Grant/Other acquisition.
- Awards granted: 8,391 (options per footnote F1), 18,298 RSUs (F2/F3), 6,722 PSUs at target (F4). Total target units = 33,411.
- Grant price reported: $0.00 per unit (derivative awards; not a cash purchase or sale). Market value not disclosed in the filing.
- Shares/units owned after transaction: not disclosed in the provided filing details.
- Vesting/conditions (footnotes): F1 — option vests 25% after one year, then 25% each year thereafter; F2/F3 — each RSU = right to one share, with 25% vesting after one year and 25% each year thereafter; F4 — PSUs pay between 0%–200% of target based on Strategy’s relative total shareholder return vs. Nasdaq Composite over the 3-year period (Mar 17, 2026–Mar 16, 2029) and require Compensation Committee certification and continued service.
Context
These are compensation awards (options/RSUs/PSUs), common for executives, and do not represent an open-market purchase or sale. PSUs are performance-based and may result in more or fewer than the target 6,722 shares (0%–200%), depending on relative TSR over the three-year performance period. Awards typically vest over time and/or subject to performance certification, so they do not immediately change outstanding tradable shares in the market.
Insider Transaction Report
- Award
Employee Stock Option (Right to buy)
[F1]2026-03-17+8,391→ 8,391 totalExercise: $150.28Exp: 2036-03-17→ Class A Common Stock (8,391 underlying) - Award
Restricted Stock Units
[F2][F3]2026-03-17+18,298→ 18,298 total→ Class A Common Stock (18,298 underlying) - Award
Performance Stock Units
[F4]2026-03-17+6,722→ 6,722 total→ Class A Common Stock (6,722 underlying)
- 1,500
Series A Perpetual Strife Preferred Stock
- 2,800
Series A Perpetual Stretch Preferred Stock
- 2,250
Series A Perpetual Stride Preferred Stock
- 23,815
Class A Common Stock
Footnotes (4)
- [F1]25 percent of the shares subject to this option vest on the first anniversary of the grant date, and an additional 25 percent of the shares originally subject to this option vest on each anniversary thereafter until the option is vested in full.
- [F2]Each restricted stock unit ("RSU") represents a contingent right to receive one share of class A common stock of Strategy Inc ("Strategy").
- [F3]25 percent of these RSUs vest on the first anniversary of the grant date, and an additional 25 percent of the original number of RSUs vest on each anniversary thereafter until the RSUs are vested in full.
- [F4]Each performance stock unit ("PSU") represents a contingent right to receive shares of Strategy class A common stock of between 0% and 200% of the target number of units, with the percentage determined based on Strategy's relative total shareholder return ("TSR") as compared to the TSR of members of the Nasdaq Composite Index over a three-year performance period (March 17, 2026 to March 16, 2029). Vesting is subject to certification by Strategy's Compensation Committee of the level of achievement of the performance goal and the participant's continued service through that date. The "target" number of PSUs is reported on this Form 4.