MSTR 8-K: Smart Summary

On May 14, 2026, Strategy Inc entered into privately negotiated transactions to repurchase approximately $1.5B aggregate principal amount of its 0% Convertible Senior Notes due 2029 for an estimated aggregate cash repurchase price of approximately $1.4B, with settlement expected on or about May 19, 2026.

• Instrument: 0% Convertible Senior Notes due 2029 (the '2029 Notes')
• Aggregate principal amount to be repurchased: approximately $1.5B
• Estimated aggregate cash repurchase price: approximately $1.4B
• Final repurchase price is subject to adjustment based on the daily volume-weighted average price per share of Class A Common Stock during an agreed-upon Measurement Period
• Funding sources: available cash reserves, proceeds from at-the-market offering program, and/or proceeds from the sale of bitcoin
• Expected settlement date: on or about May 19, 2026; Strategy intends to cancel the Repurchased Notes, after which approximately $1.5B aggregate principal amount of the 2029 Notes will remain outstanding