STRD terms, all versions
Terms are never edited in place. When a filing changes them, the previous version is closed and a new one starts, so each version below shows the dates it applied and the document it was taken from.
Current
10 Jun 2025 to present · 8-K, 10 Jun 2025 ↗ · awaiting review| Issuer | Strategy Inc. |
|---|---|
| Security | 10.00% Series A Perpetual Stride Preferred Stock |
| Stated amount (par) | $100.00 per share |
| Dividend rate | 10.00% a year, fixed |
| Cumulative | No |
| Payment frequency | Quarterly |
| Ranking | Junior to STRF, STRC, STRE, STRK; senior to common stock |
| Liquidation preference | Initially $100; adjusted each business day to the greatest of (i) stated amount, (ii) prior-day last reported sale price if the issuer sold shares in the prior 10 trading days, (iii) 10-trading-day average last reported sale price. |
| Redemption | Clean-up (<25% outstanding) and tax redemptions only, at liquidation preference plus declared and unpaid dividends. |
| Conversion | None |
| Listing | Nasdaq, USD, listed 10 Jun 2025 |
| Notes | Holders may require repurchase at stated amount plus declared and unpaid dividends. Included in 2026-10-28 daily-dividend proposal; first daily dividends expected 2027-01-04 if approved. |