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sellModerate cluster of 210b5-1 plan

Wei-Ming Shao sold $2.6M of MSTR

EVP & General Counsel at Strategy Inc. 10,668 shares at an average of $242.15, traded Nov 10, 2025, filed Nov 12, 2025.

Warning score
43
Value
$2.6M
10,668 shares
Holdings after
12,726
-59% from before
From 52-week low
+1%
low $237.20, close $238.88
From 52-week high
-50%
high $473.83, as of Nov 10, 2025

Score components

  • Role
    Officer
    +15
  • Trade size
    $2.6M at market
    +25
  • Share of holdings sold
    Sold 59% of holdings
    +20
  • Cluster
    2 insiders selling within 14 days
    +8
  • Role exit
    The filing reports the insider leaving
    +10
  • Exercise and sell
    Shares came from an option exercise in the same filing
    -15
  • 10b5-1 plan
    Pre-scheduled under a 10b5-1 plan
    -20

What happened after comparable sells

Same side and tier, against the S&P 500, at 1, 3 and 6 months. Shown to Pro users; the whole table is on the backtest page.

This signal so far: 1m -21.4%, 3m -43.9%, 6m -20.7%.

Price around the trade, and since

From a quarter before the trade to today. The arrow is the trade, the circle the day the filing reached EDGAR, which is the first day anyone outside could act; the dotted line is the S&P 500 rebased to that day's close.

MSTROct 9, 2026 · close 154.34
Since filing Nov 12, 2025: -31.3%SPY +15.2% · excess -46.4%

Daily candles, adjusted for splits and dividends. Green arrows are insider buys, red are sells, sized by value; the dashed line is the close on the filing day, the dotted line SPY rebased to it.Charts by TradingView Lightweight Charts™

Rows in this filing

Every transaction in Form 4 0001193125-25-277745, as filed. Open on EDGAR

DateTransactionSharesPriceValueHoldings afterFiled
Nov 10, 2025MOption exercise
Class A Common Stock10b5-1
+5,334$69.12$369k18,060Nov 12, 2025
Nov 10, 2025SOpen-market sale
Class A Common Stock10b5-1
-3,767$248.94$938k14,293Nov 12, 2025
Nov 10, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,567$249.56$391k12,726Nov 12, 2025
Nov 11, 2025MOption exercise
Class A Common Stock10b5-1
+5,334$69.12$369k18,060Nov 12, 2025
Nov 11, 2025SOpen-market sale
Class A Common Stock10b5-1
-3,206$234.75$753k14,854Nov 12, 2025
Nov 11, 2025SOpen-market sale
Class A Common Stock10b5-1
-1,539$235.59$363k13,315Nov 12, 2025
Nov 11, 2025SOpen-market sale
Class A Common Stock10b5-1
-589$236.46$139k12,726Nov 12, 2025
Nov 10, 2025MOption exercise
Employee Stock Option (Right to buy)derivative10b5-1
-5,334$0.00$0194,666Nov 12, 2025
Nov 11, 2025MOption exercise
Employee Stock Option (Right to buy)derivative10b5-1
-5,334$0.00$0189,332Nov 12, 2025

Related signals

Other insiders at Strategy Inc and this insider’s other filings.

ScoreCompanyInsiderValueHoldingsFiled
9Weak
MSTRsell
Strategy Inc
Jarrod M Patten
director
$81k
475 shares
-2%
13Weak
MSTRsell
Strategy Inc
Jarrod M Patten
director
$238k
1,425 shares
-5%
43Moderate
MSTRsell 2
Strategy Inc
Thomas C. Chow
EVP & General Counsel
$15k
106 shares
-100%
21Weak
MSTRsell 2
Strategy Inc
Jarrod M Patten
director
$241k
1,850 shares
-6%
30Weak
MSTRsell 2
Strategy Inc
Jarrod M Patten
director
$461k
3,700 shares
-13%
21Weak
MSTRsell
Strategy Inc
Jarrod M Patten
director
$389k
3,800 shares
-13%
20Weak
MSTRsell
Strategy Inc
Jarrod M Patten
director
$372k
3,900 shares
-13%
10Weak
MSTRsell
Strategy Inc
Jarrod M Patten
director
$125k
1,250 shares
-4%
26Weak
MSTRsell 4
Strategy Inc
Jarrod M Patten
director
$159k
1,500 shares
-5%
84Strong
MSTRbuy 2
Strategy Inc
Phong Le
President & CEO
$999k
11,000 shares
-

Not investment advice. Scores and forward returns are decision support built from public SEC filings and past prices; they describe what happened after comparable filings, not what will happen after this one. Do your own research and size your risk.

Wei-Ming Shao sold $2.6M of MSTR | InsiderTell