X0306 4 2016-11-18 0 0001050446 MICROSTRATEGY INC MSTR 0001309191 Patten Jarrod M C/O MICROSTRATEGY INCORPORATED 1850 TOWERS CRESCENT PLAZA TYSONS CORNER VA 22182 1 0 0 0 Class A Common Stock 2016-11-18 4 M 0 3317 121.43 A 3317 D Class A Common Stock 2016-11-18 4 S 0 3317 197.20 D 0 D Director Stock Option (Right to buy) 121.43 2016-11-18 4 M 0 3317 0.00 D 2024-04-30 Class A Common Stock 3317 31683 D The reported price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $196.93 to $197.27, 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. The 3,317 shares exercised on November 18, 2016 pursuant to this option vested on April 30, 2015. Of the remaining 31,683 shares subject to this option, 5,433 shares vested on April 30, 2015, 8,750 shares vested on April 30, 2016, 8,750 shares are scheduled to vest on April 30, 2017, and 8,750 shares are scheduled to vest on April 30, 2018. See Exhibit A. /s/ Jarrod M. Patten 2016-11-22