Strategy insider activity
What the executives and directors of Strategy actually did with their own shares, decoded from their SEC Form 4 filings. Each figure says the stretch of time it covers.
−$18M
net open-market flow, 12 m
8 open-market buys, 12 m
34.5%
of sale value on 10b5-1 plans, 12 m
180 days since an insider bought, whole record
The tape: three years of insider trades
Open-market buy
Discretionary sale
Planned sale (10b5-1)
Reported-price path
Routine
Every marker sits at the price reported on the Form 4. The line is the monthly median of all prices insiders reported, so the chart needs no market feed; the grey strip is the routine flow (grants, vestings, tax withholding and gifts) that a headline gets wrong by counting it as selling.
The 111 routine events on the chart, as a list
| Date | Insider | Shares |
|---|---|---|
| Aug 27, 2026 | Patten Jarrod M | 1,850 |
| Mar 30, 2026 | Patten Jarrod M | 700 |
| Mar 26, 2026 | Patten Jarrod M | 700 |
| Mar 23, 2026 | Montgomery Jeanine | 1,560 |
| Mar 23, 2026 | Le Phong | 7,320 |
| Mar 23, 2026 | Kang Andrew | 5,330 |
| Mar 11, 2026 | Montgomery Jeanine | 787 |
| Mar 11, 2026 | Le Phong | 4,473 |
| Mar 11, 2026 | Kang Andrew | 2,071 |
| Dec 20, 2025 | Dietze Jane A | 686 |
| Dec 20, 2025 | WINIARSKI GREGG | 686 |
| Dec 20, 2025 | BROOKS BRIAN P | 686 |
| Dec 19, 2025 | Kang Andrew | 1,800 |
| Nov 19, 2025 | Shao Wei-Ming | 7,800 |
| Nov 17, 2025 | Montgomery Jeanine | 100 |
| Nov 14, 2025 | Shao Wei-Ming | 41K |
| Oct 7, 2025 | Shao Wei-Ming | 30K |
| Sep 18, 2025 | Shao Wei-Ming | 10K |
| Aug 7, 2025 | Kang Andrew | 25K |
| Jul 14, 2025 | Shao Wei-Ming | 11K |
| Jul 11, 2025 | Shao Wei-Ming | 63K |
| Jul 11, 2025 | Montgomery Jeanine | 44K |
| Jun 18, 2025 | Le Phong | 8,400 |
| Jun 5, 2025 | Montgomery Jeanine | 1,140 |
| Jun 5, 2025 | Le Phong | 12K |
| Jun 5, 2025 | Shao Wei-Ming | 3,830 |
| Jun 5, 2025 | Kang Andrew | 4,260 |
| Jun 2, 2025 | RICKERTSEN CARL J | 26K |
| May 31, 2025 | Patten Jarrod M | 17K |
| May 31, 2025 | RICKERTSEN CARL J | 980 |
| May 31, 2025 | GRAHAM STEPHEN X | 980 |
| May 31, 2025 | RECHAN LESLIE J | 980 |
| May 23, 2025 | Patten Jarrod M | 8,900 |
| May 19, 2025 | Kang Andrew | 13K |
| May 16, 2025 | Patten Jarrod M | 7,900 |
| May 14, 2025 | Shao Wei-Ming | 18K |
| May 9, 2025 | Patten Jarrod M | 8,700 |
| Apr 28, 2025 | Patten Jarrod M | 2,100 |
| Apr 25, 2025 | Patten Jarrod M | 5,900 |
| Apr 15, 2025 | Shao Wei-Ming | 20K |
| Mar 25, 2025 | RECHAN LESLIE J | 15K |
| Mar 24, 2025 | Montgomery Jeanine | 1,550 |
| Mar 24, 2025 | Le Phong | 7,320 |
| Mar 24, 2025 | Shao Wei-Ming | 4,990 |
| Mar 24, 2025 | Kang Andrew | 5,320 |
| Nov 21, 2024 | GRAHAM STEPHEN X | 20K |
| Nov 18, 2024 | Montgomery Jeanine | 100 |
| Nov 14, 2024 | Shao Wei-Ming | 21K |
| Nov 14, 2024 | Montgomery Jeanine | 1,500 |
| Nov 14, 2024 | Le Phong | 2,500 |
| Nov 13, 2024 | GRAHAM STEPHEN X | 30K |
| Nov 11, 2024 | RECHAN LESLIE J | 20K |
| Nov 7, 2024 | RECHAN LESLIE J | 20K |
| Nov 7, 2024 | Shao Wei-Ming | 20K |
| Nov 6, 2024 | Montgomery Jeanine | 56K |
| Aug 23, 2024 | Shao Wei-Ming | 12K |
| Aug 22, 2024 | Le Phong | 50K |
| Aug 16, 2024 | Le Phong | 49K |
| Aug 13, 2024 | RICKERTSEN CARL J | 45K |
| Aug 13, 2024 | Shao Wei-Ming | 13K |
Where the shares went, last 12 months
Every Form 4 movement decomposed: what flowed in (grants, vested equity, purchases) and what flowed out (tax withholding, plan sales, discretionary sales, gifts). Counted in shares, because grants carry no price.
The chart, in numbers
| Flow | Shares |
|---|---|
| Vested / exercised | 116K |
| Bought on market | 46K |
| Planned sales (10b5-1) | 38K |
| Discretionary sales | 43K |
| Gifts | 1,800 |
| Kept | 78K |
Who holds what
| Insider | Role | Shares held | Buys 12 m | Sales 12 m | 12 m | Last trade |
|---|---|---|---|---|---|---|
| Briger Peter L JR Last trade Jul 29, 2025 | Director | 220K | – | – | Jul 29, 2025 | |
| SAYLOR MICHAEL J Executive Chairman Last trade Apr 25, 2024 | Officer | 55K | – | – | Apr 25, 2024 | |
| Shao Wei-Ming EVP & General Counsel Last trade Nov 19, 2025 | Officer | 35K | $1.2M | $21M | net selling over the year: 0 months buying, 3 months selling | Nov 19, 2025 |
| Patten Jarrod M Last trade Aug 27, 2026 | Director | 30K | $2.3M | $426K | net buying over the year: 1 month buying, 2 months selling | Aug 27, 2026 |
| Kang Andrew EVP & CFO Last trade Mar 24, 2026 | CFO | 28K | – | $454K | net selling over the year: 0 months buying, 1 month selling | Mar 24, 2026 |
| Le Phong President & CEO Last trade Mar 24, 2026 | CEO | 24K | $251K | $736K | net selling over the year: 1 month buying, 1 month selling | Mar 24, 2026 |
| Montgomery Jeanine VP & CAO Last trade Mar 24, 2026 | Officer | 11K | – | $110K | net selling over the year: 0 months buying, 2 months selling | Mar 24, 2026 |
| GRAHAM STEPHEN X Last trade Nov 21, 2024 | Director | 7,950 | – | – | Nov 21, 2024 | |
| RECHAN LESLIE J Last trade Mar 25, 2025 | Director | 7,808 | – | – | Mar 25, 2025 | |
| RICKERTSEN CARL J Last trade Jan 12, 2026 | Director | 5,000 | $779K | – | net buying over the year: 1 month buying, 0 months selling | Jan 12, 2026 |
| Dietze Jane A Last trade Jan 20, 2026 | Director | 3,600 | $204K | – | net buying over the year: 2 months buying, 0 months selling | Jan 20, 2026 |
| WINIARSKI GREGG Last trade Aug 8, 2025 | Director | 686 | – | – | Aug 8, 2025 | |
| BROOKS BRIAN P | Director | 686 | – | – | – | |
| Chow Thomas C. EVP & General Counsel Last trade Sep 4, 2026 | Officer | 0 | – | $15K | net selling over the year: 0 months buying, 1 month selling | Sep 4, 2026 |
Open-market trade log
the 60 most recent of 5,498| Date | Insider | Type | Shares | Price | Value | Since trade | Filed |
|---|---|---|---|---|---|---|---|
| Sep 4, 2026 | Chow Thomas C. (Officer) 106 shares $138.75 +0.0% since trade filed Sep 8, 2026 | Discretionary sale | 106 | $138.75 | $15K | +0.0% | Sep 8, 2026 |
| Aug 27, 2026 | Patten Jarrod M (Director) 925 shares $129.00 +7.6% since trade filed Aug 31, 2026 | Discretionary sale | 925 | $129.00 | $119K | +7.6% | Aug 31, 2026 |
| Aug 27, 2026 | Patten Jarrod M (Director) 925 shares $131.00 +5.9% since trade filed Aug 31, 2026 | Discretionary sale | 925 | $131.00 | $121K | +5.9% | Aug 31, 2026 |
| Mar 30, 2026 | Patten Jarrod M (Director) 700 shares $128.04 +8.4% since trade filed Mar 31, 2026 | Discretionary sale | 700 | $128.04 | $90K | +8.4% | Mar 31, 2026 |
| Mar 26, 2026 | Patten Jarrod M (Director) 700 shares $137.37 +1.0% since trade filed Mar 30, 2026 | Discretionary sale | 700 | $137.37 | $96K | +1.0% | Mar 30, 2026 |
| Mar 24, 2026 | Montgomery Jeanine (Officer) 19 shares $139.45 −0.5% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 19 | $139.45 | $3K | −0.5% | Mar 25, 2026 |
| Mar 24, 2026 | Montgomery Jeanine (Officer) 201 shares $138.98 −0.2% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 201 | $138.98 | $28K | −0.2% | Mar 25, 2026 |
| Mar 24, 2026 | Montgomery Jeanine (Officer) 250 shares $137.73 +0.7% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 250 | $137.73 | $34K | +0.7% | Mar 25, 2026 |
| Mar 24, 2026 | Le Phong (CEO) 136 shares $139.45 −0.5% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 136 | $139.45 | $19K | −0.5% | Mar 25, 2026 |
| Mar 24, 2026 | Le Phong (CEO) 1,410 shares $138.98 −0.2% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 1,410 | $138.98 | $196K | −0.2% | Mar 25, 2026 |
| Mar 24, 2026 | Le Phong (CEO) 1,753 shares $137.73 +0.7% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 1,753 | $137.73 | $241K | +0.7% | Mar 25, 2026 |
| Mar 24, 2026 | Kang Andrew (CFO) 98 shares $139.45 −0.5% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 98 | $139.45 | $14K | −0.5% | Mar 25, 2026 |
| Mar 24, 2026 | Kang Andrew (CFO) 1,014 shares $138.98 −0.2% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 1,014 | $138.98 | $141K | −0.2% | Mar 25, 2026 |
| Mar 24, 2026 | Kang Andrew (CFO) 1,261 shares $137.73 +0.7% since trade filed Mar 25, 2026 | Planned sale (10b5-1) | 1,261 | $137.73 | $174K | +0.7% | Mar 25, 2026 |
| Mar 19, 2026 | Le Phong (CEO) 2,509 shares $99.62 +39.3% since trade filed Mar 23, 2026 | Open-market buy | 2,509 | $99.62 | $250K | +39.3% | Mar 23, 2026 |
| Mar 12, 2026 | Montgomery Jeanine (Officer) 260 shares $137.25 +1.1% since trade filed Mar 13, 2026 | Planned sale (10b5-1) | 260 | $137.25 | $36K | +1.1% | Mar 13, 2026 |
| Mar 12, 2026 | Le Phong (CEO) 2,034 shares $137.25 +1.1% since trade filed Mar 13, 2026 | Planned sale (10b5-1) | 2,034 | $137.25 | $279K | +1.1% | Mar 13, 2026 |
| Mar 12, 2026 | Kang Andrew (CFO) 916 shares $137.25 +1.1% since trade filed Mar 13, 2026 | Planned sale (10b5-1) | 916 | $137.25 | $126K | +1.1% | Mar 13, 2026 |
| Jan 20, 2026 | Dietze Jane A (Director) 1,000 shares $99.49 +39.5% since trade filed Jan 21, 2026 | Open-market buy | 1,000 | $99.49 | $99K | +39.5% | Jan 21, 2026 |
| Jan 12, 2026 | RICKERTSEN CARL J (Director) 5,000 shares $155.88 −11.0% since trade filed Jan 12, 2026 | Open-market buy | 5,000 | $155.88 | $779K | −11.0% | Jan 12, 2026 |
| Jan 8, 2026 | Le Phong (CEO) 12 shares $99.99 +38.8% since trade filed Jan 9, 2026 | Open-market buy | 12 | $99.99 | $1K | +38.8% | Jan 9, 2026 |
| Nov 21, 2025 | Dietze Jane A (Director) 1,100 shares $95.28 +45.6% since trade filed Nov 25, 2025 | Open-market buy | 1,100 | $95.28 | $105K | +45.6% | Nov 25, 2025 |
| Nov 19, 2025 | Shao Wei-Ming (Officer) 2,600 shares $202.02 −31.3% since trade filed Nov 20, 2025 | Planned sale (10b5-1) | 2,600 | $202.02 | $525K | −31.3% | Nov 20, 2025 |
| Nov 18, 2025 | Montgomery Jeanine (Officer) 43 shares $208.55 −33.5% since trade filed Nov 19, 2025 | Planned sale (10b5-1) | 43 | $208.55 | $9K | −33.5% | Nov 19, 2025 |
| Nov 18, 2025 | Shao Wei-Ming (Officer) 2,600 shares $200.00 −30.6% since trade filed Nov 20, 2025 | Planned sale (10b5-1) | 2,600 | $200.00 | $520K | −30.6% | Nov 20, 2025 |
| Nov 17, 2025 | Shao Wei-Ming (Officer) 2,600 shares $200.00 −30.6% since trade filed Nov 18, 2025 | Planned sale (10b5-1) | 2,600 | $200.00 | $520K | −30.6% | Nov 18, 2025 |
| Nov 14, 2025 | Shao Wei-Ming (Officer) 2,600 shares $200.48 −30.8% since trade filed Nov 18, 2025 | Planned sale (10b5-1) | 2,600 | $200.48 | $521K | −30.8% | Nov 18, 2025 |
| Nov 13, 2025 | Shao Wei-Ming (Officer) 2,600 shares $223.67 −38.0% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 2,600 | $223.67 | $582K | −38.0% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 48 shares $229.20 −39.5% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 48 | $229.20 | $11K | −39.5% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 111 shares $227.89 −39.1% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 111 | $227.89 | $25K | −39.1% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 126 shares $234.43 −40.8% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 126 | $234.43 | $30K | −40.8% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 187 shares $231.70 −40.1% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 187 | $231.70 | $43K | −40.1% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 198 shares $230.44 −39.8% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 198 | $230.44 | $46K | −39.8% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 309 shares $220.62 −37.1% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 309 | $220.62 | $68K | −37.1% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 342 shares $226.00 −38.6% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 342 | $226.00 | $77K | −38.6% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 348 shares $232.96 −40.4% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 348 | $232.96 | $81K | −40.4% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 455 shares $227.02 −38.9% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 455 | $227.02 | $103K | −38.9% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 490 shares $233.76 −40.6% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 490 | $233.76 | $115K | −40.6% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 511 shares $221.90 −37.5% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 511 | $221.90 | $113K | −37.5% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 629 shares $222.92 −37.8% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 629 | $222.92 | $140K | −37.8% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 727 shares $224.06 −38.1% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 727 | $224.06 | $163K | −38.1% | Nov 14, 2025 |
| Nov 12, 2025 | Shao Wei-Ming (Officer) 853 shares $224.77 −38.3% since trade filed Nov 14, 2025 | Planned sale (10b5-1) | 853 | $224.77 | $192K | −38.3% | Nov 14, 2025 |
| Nov 11, 2025 | Shao Wei-Ming (Officer) 589 shares $236.46 −41.3% since trade filed Nov 12, 2025 | Planned sale (10b5-1) | 589 | $236.46 | $139K | −41.3% | Nov 12, 2025 |
| Nov 11, 2025 | Shao Wei-Ming (Officer) 1,539 shares $235.59 −41.1% since trade filed Nov 12, 2025 | Planned sale (10b5-1) | 1,539 | $235.59 | $363K | −41.1% | Nov 12, 2025 |
| Nov 11, 2025 | Shao Wei-Ming (Officer) 3,206 shares $234.75 −40.9% since trade filed Nov 12, 2025 | Planned sale (10b5-1) | 3,206 | $234.75 | $753K | −40.9% | Nov 12, 2025 |
| Nov 10, 2025 | Shao Wei-Ming (Officer) 1,567 shares $249.56 −44.4% since trade filed Nov 12, 2025 | Planned sale (10b5-1) | 1,567 | $249.56 | $391K | −44.4% | Nov 12, 2025 |
| Nov 10, 2025 | Shao Wei-Ming (Officer) 3,767 shares $248.94 −44.3% since trade filed Nov 12, 2025 | Planned sale (10b5-1) | 3,767 | $248.94 | $938K | −44.3% | Nov 12, 2025 |
| Oct 17, 2025 | Patten Jarrod M (Director) 12K shares $96.88 +43.2% since trade filed Oct 20, 2025 | Open-market buy | 12K | $96.88 | $1.2M | +43.2% | Oct 20, 2025 |
| Oct 16, 2025 | Patten Jarrod M (Director) 12K shares $97.95 +41.7% since trade filed Oct 20, 2025 | Open-market buy | 12K | $97.95 | $1.2M | +41.7% | Oct 20, 2025 |
| Oct 7, 2025 | Shao Wei-Ming (Officer) 1,796 shares $358.82 −61.3% since trade filed Oct 9, 2025 | Discretionary sale | 1,796 | $358.82 | $644K | −61.3% | Oct 9, 2025 |
| Oct 7, 2025 | Shao Wei-Ming (Officer) 6,198 shares $356.05 −61.0% since trade filed Oct 9, 2025 | Discretionary sale | 6,198 | $356.05 | $2.2M | −61.0% | Oct 9, 2025 |
| Oct 7, 2025 | Shao Wei-Ming (Officer) 10K shares $357.14 −61.2% since trade filed Oct 9, 2025 | Discretionary sale | 10K | $357.14 | $3.7M | −61.2% | Oct 9, 2025 |
| Oct 7, 2025 | Shao Wei-Ming (Officer) 12K shares $358.05 −61.3% since trade filed Oct 9, 2025 | Discretionary sale | 12K | $358.05 | $4.2M | −61.3% | Oct 9, 2025 |
| Sep 18, 2025 | Shao Wei-Ming (Officer) 10K shares $355.79 −61.0% since trade filed Sep 22, 2025 | Discretionary sale | 10K | $355.79 | $3.6M | −61.0% | Sep 22, 2025 |
| Sep 15, 2025 | Shao Wei-Ming (Officer) 13K shares $96.92 +43.2% since trade filed Sep 16, 2025 | Open-market buy | 13K | $96.92 | $1.2M | +43.2% | Sep 16, 2025 |
| Aug 26, 2025 | Le Phong (CEO) 16 shares $95.05 +46.0% since trade filed Aug 28, 2025 | Open-market buy | 16 | $95.05 | $2K | +46.0% | Aug 28, 2025 |
| Aug 26, 2025 | Le Phong (CEO) 32 shares $95.05 +46.0% since trade filed Aug 28, 2025 | Open-market buy | 32 | $95.05 | $3K | +46.0% | Aug 28, 2025 |
| Aug 26, 2025 | Le Phong (CEO) 71 shares $95.02 +46.0% since trade filed Aug 28, 2025 | Open-market buy | 71 | $95.02 | $7K | +46.0% | Aug 28, 2025 |
| Aug 8, 2025 | WINIARSKI GREGG (Director) 10K shares $97.65 +42.1% since trade filed Aug 12, 2025 | Open-market buy | 10K | $97.65 | $977K | +42.1% | Aug 12, 2025 |
| Aug 7, 2025 | Kang Andrew (CFO) 6,250 shares $390.00 −64.4% since trade filed Aug 11, 2025 | Discretionary sale | 6,250 | $390.00 | $2.4M | −64.4% | Aug 11, 2025 |
“Since trade” compares with the latest insider-implied price, not a market quote: these pages are built from filings alone. A role here is the one on that day's Form 4, so somebody promoted since appears under both titles.
Filing hygiene
278 Forms 4, 3 years
1 filed late
0 amendments
1.4 avg. days to file
How to read this
A Form 4 transaction code decides everything. P is an open-market purchase and S an open-market sale; those two are the only codes where an insider chose to trade. A is a grant, M an option exercise or vesting, F shares withheld to cover tax, G a gift. Most “insiders dumped billions” headlines are code F and M mechanics.
Sales flagged 10b5-1 run on a plan the insider adopted in advance; since 2023 every Form 4 carries that flag. Buys have historically predicted returns, sales mostly have not, and this page states filings, not advice.