MicroStrategy declares 10-for-1 stock split

MicroStrategy announced that its board of directors has declared a 10-for-1 stock split of MicroStrategy’s class A common stock and class B common stock to make MicroStrategy’s stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of MicroStrategy’s class A common stock and class B common stock as of the close of business on August 1, the record date for the dividend. As a result of the dividend, each holder of a share of MicroStrategy’s class A common stock will receive nine additional shares of class A common stock and each holder of a share of MicroStrategy’s class B common stock will receive nine additional shares of class B common stock. In each case, the shares are expected to be distributed after the close of trading on August 7. Trading is expected to commence on a split-adjusted basis at market open on August 8. The stock dividend will not have any impact on the voting and other rights of stockholders.