MSTR Strategy Inc

BEARISH Impact: 6/10 Insider Cluster (3 insiders)
Horizon days Filed Mar 24, 2026 Processed 2mo ago
Insider cluster: 2 insiders, $415K total
Latest settled — T+20d
MSTR ▲ +31.64% at T+20d
SHORT call ✗ call lost -31.64% · α vs SPY -22.74% · entry $136.25 → $179.36
Next anchor: T+60d in 7d
Currently $117.02 · +14.11% from $136.25 entry (call sign-flipped)
Entry anchored
Mar 23, 07:59 PM ET
via Databento tick
T+1d
+2.11%
call -2.11% · α -1.55%
$139.13
settled 3mo ago
T+5d
-8.40%
call +8.40% · α +7.98%
$124.80
settled 2mo ago
T+20d
+31.64%
call -31.64% · α -22.74%
$179.36
settled 7w ago
T+60d
call — · α —
in 7d

Price Chart

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Executive Summary

Multiple MSTR executives, including the CEO and CFO, sold shares in open-market transactions totaling approximately $449,550, while also exercising stock options for over 32,000 shares. The sales represent modest insider selling by key leaders shortly after option exercises.

Key Financial Metrics

Direction
selling
Total Value
$449.6K
Insiders
3

Actionable Insight

Monitor for further selling in coming weeks — coordinated sales by CEO, CFO, and VP after option exercise could signal lack of confidence at a time of elevated stock price. Check next Form 4 filings for patterns.

Key Facts

  • CEO Le Phong sold $241,441 in open-market transactions (1,753 shares at $137.73).
  • CFO Kang Andrew sold $173,678 (1,261 shares at $137.73).
  • VP Montgomery sold $34,433 (250 shares at $137.73).
  • All three executives exercised derivative securities on 2026-03-23, totaling 32,180 shares with $0 transaction value (non-cash).
  • Total open-market sales by insiders: $449,550 over 7 days.
  • Sales represent 0.001% of MSTR's $45.5B market cap — small in relative terms but notable due to concentration among top executives.

Financial Impact

$449,550 in net open-market selling by C-suite executives

insider ownershipinvestor sentiment

Risk Factors

  • Insider selling may pressure sentiment, especially if perceived as profit-taking after a run-up.
  • Potential misinterpretation of routine post-exercise selling as negative signal, even if part of pre-arranged 10b5-1 plans.

Market Snapshot

Exchange
Nasdaq

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (9 trades, 7d window)cluster-MSTR-1774484938684
13 reports for MSTR
Performance horizon
100% Hit rate 3 of 3 directional calls best @ T+60▲ +16.19%Feb 28, 2026
Filters
Rows
Reports for MSTR — sortable, filterable
Type Now
Jun 6, 2026
4d ago
Insider Cluster
NEUTRAL ★ 2/10
$120.00 awaiting T+1awaiting T+1$117.02 (−2.48%)
Jun 6, 2026
4d ago
Insider Cluster
NEUTRAL ★ 3/10
$124.25 awaiting T+1awaiting T+1$117.02 (−5.82%)
Jun 1, 2026
8d ago
Insider Cluster
NEUTRAL ★ 2/10
$136.08 $126.55▼ −7.01%▼ −6.31%$117.02 (−14.01%)
May 28, 2026
12d ago
Insider Cluster
NEUTRAL ★ 2/10
$159.09 $149.78▼ −5.85%▼ −6.13%$117.02 (−26.44%)
May 26, 2026
14d ago
Insider Cluster
NEUTRAL ★ 3/10
$154.20 $151.64▼ −1.66%▼ −2.21%$117.02 (−24.11%)
May 22, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$159.89 $159.93▲ +0.03%▼ −0.56%$117.02 (−26.81%)
May 21, 2026
19d ago
Insider Cluster
NEUTRAL ★ 2/10
$159.89 $159.93▲ +0.03%▼ −0.56%$117.02 (−26.81%)
May 21, 2026
20d ago
Insider Cluster
NEUTRAL ★ 2/10
$164.85 $159.89▼ −3.01%▼ −3.45%$117.02 (−29.01%)
Mar 24, 2026
11w ago
Insider Cluster
BEARISH ★ 7/10
$136.25 $139.13▼ −2.11%▼ −1.55%$117.02 (+14.11%)
Mar 24, 2026
11w ago
Insider Cluster
BEARISH ★ 6/10
$136.25 $139.13▼ −2.11%▼ −1.55%$117.02 (+14.11%)
Showing 10 of 13

US Market Status

Market Closed — Opens Thu (10h 7m)

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