Explanation of
Responses: |
(1) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $259.27 to $260.26, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(2) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $260.70 to $261.68, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(3) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $261.70 to $262.68, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(4) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $262.72 to $263.37, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(5) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $267.13 to $268.03, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(6) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $268.26 to $268.98, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(7) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $269.43 to $269.68, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(8) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $270.55 to $271.42, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(9) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $272.50 to $272.88, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(10) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $273.61 to $274.53, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(11) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $274.94 to $275.54, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(12) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $275.94 to $276.87, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(13) |
The reported price is a
weighted average price. These shares were sold in multiple
transactions at prices ranging from $276.94 to $277.61, inclusive.
The reporting person undertakes to provide to MicroStrategy
Incorporated, any security holder of MicroStrategy Incorporated, or
the staff of the Securities and Exchange Commission, upon request,
full information regarding the number of shares sold at each price
within the ranges set forth in this footnote. |
(14) |
Of the 10,000 shares
exercised on February 9, 2023 pursuant to this option, 2,500 shares
vested on March 8, 2020 and 7,500 shares vested on March 8,
2021. |
(15) |
See Exhibit A. |
(16) |
The 10,000 shares exercised
on February 9, 2023 pursuant to this option vested on February 8,
2022. |
(17) |
Of the 10,000 shares
exercised on February 9, 2023 pursuant to this option, 5,000 shares
vested on November 22, 2021 and 5,000 shares vested on November 22,
2022. The remaining 5,000 shares subject to this option are
scheduled to vest on November 22, 2023. |