Jarrod Patten, Director at MicroStrategy (NASDAQ:MSTR), reported a large exercise of company stock options on September 26, according to a new SEC filing.
What Happened: A Form 4 filing from the U.S. Securities and Exchange Commission on Tuesday showed that Patten, Director at MicroStrategy, a company in the Information Technology sector, just exercised stock options worth 1,000 shares of MSTR stock with an exercise price of $121.43.
MicroStrategy shares are trading down 0.46% at $315.84 at the time of this writing on Wednesday morning. Since the current price is $315.84, this makes Patten's 1,000 shares worth $315,843.
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