MICROSTRATEGY INC

Ticker: MSTR CUSIP: 594972408 Class: EQTY

Parallax Volatility Advisers, L.P.'s Holding History (CIK: 0001521001)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 39,735 Value ($000) $6,038 Avg Close $230.22 Range $151.42 - $365.21

Q1 2025

Shares 3 Value ($000) $1 Avg Close $317.51 Range $231.51 - $404.42

Q3 2024

Shares 10,076 Value ($000) $1,699 Avg Close $142.97 Range $102.40 - $183.70

Q2 2024

Shares 622 Value ($000) $857 Avg Close $144.09 Range $101.00 - $174.00

Q1 2024

Shares 589 Value ($000) $1,004 Avg Close $91.17 Range $43.87 - $200.00

Q4 2023

Shares 2,000 Value ($000) $1,263 Avg Close $47.40 Range $30.71 - $68.94

Q3 2023

Shares 1,001 Value ($000) $329 Avg Close $37.65 Range $31.01 - $47.51

Q2 2023

Shares 2,021 Value ($000) $692 Avg Close $30.31 Range $26.60 - $35.27

Q1 2023

Shares 3,343 Value ($000) $977 Avg Close $24.41 Range $13.94 - $31.50

Q4 2022

Shares 18,624 Value ($000) $2,637 Avg Close $20.44 Range $13.26 - $29.00

Q3 2022

Shares 2,795 Value ($000) $593 Avg Close $25.08 Range $16.00 - $36.20

Q1 2022

Shares 12,327 Value ($000) $5,995 Avg Close $43.28 Range $30.72 - $57.63

Q4 2021

Shares 9,130 Value ($000) $4,971 Avg Close $68.74 Range $52.88 - $89.14

Q3 2021

Shares 5,220 Value ($000) $3,019 Avg Close $64.12 Range $47.24 - $79.80

Q4 2017

Shares 1,470 Value ($000) $193 Avg Close $13.42 Range $12.80 - $14.34

Q1 2017

Shares 2,066 Value ($000) $388 Avg Close $19.38 Range $18.22 - $20.60

Q4 2015

Shares 95,424 Value ($000) $17,109 Avg Close $18.18 Range $16.42 - $20.98

Q1 2015

Shares 236 Value ($000) $40 Avg Close $16.88 Range $15.00 - $18.26

Q4 2014

Shares 839 Value ($000) $136 Avg Close $15.80 Range $12.75 - $17.70

Q3 2014

Shares 739 Value ($000) $97 Avg Close $13.91 Range $12.95 - $15.59

Q2 2014

Shares 203 Value ($000) $29 Avg Close $12.76 Range $9.88 - $14.61

Q1 2014

Shares 2,176 Value ($000) $251 Avg Close $12.49 Range $11.24 - $13.58

Q3 2013

Shares 41 Value ($000) $4 Avg Close $9.74 Range $8.71 - $10.89

Q2 2013

Shares 36 Value ($000) $3 Avg Close $9.35 Range $8.27 - $10.50

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	39,735	$6,038	$230.22	$151.42 - $365.21
Q1 2025	3	$1	$317.51	$231.51 - $404.42
Q3 2024	10,076	$1,699	$142.97	$102.40 - $183.70
Q2 2024	622	$857	$144.09	$101.00 - $174.00
Q1 2024	589	$1,004	$91.17	$43.87 - $200.00
Q4 2023	2,000	$1,263	$47.40	$30.71 - $68.94
Q3 2023	1,001	$329	$37.65	$31.01 - $47.51
Q2 2023	2,021	$692	$30.31	$26.60 - $35.27
Q1 2023	3,343	$977	$24.41	$13.94 - $31.50
Q4 2022	18,624	$2,637	$20.44	$13.26 - $29.00
Q3 2022	2,795	$593	$25.08	$16.00 - $36.20
Q1 2022	12,327	$5,995	$43.28	$30.72 - $57.63
Q4 2021	9,130	$4,971	$68.74	$52.88 - $89.14
Q3 2021	5,220	$3,019	$64.12	$47.24 - $79.80
Q4 2017	1,470	$193	$13.42	$12.80 - $14.34
Q1 2017	2,066	$388	$19.38	$18.22 - $20.60
Q4 2015	95,424	$17,109	$18.18	$16.42 - $20.98
Q1 2015	236	$40	$16.88	$15.00 - $18.26
Q4 2014	839	$136	$15.80	$12.75 - $17.70
Q3 2014	739	$97	$13.91	$12.95 - $15.59
Q2 2014	203	$29	$12.76	$9.88 - $14.61
Q1 2014	2,176	$251	$12.49	$11.24 - $13.58
Q3 2013	41	$4	$9.74	$8.71 - $10.89
Q2 2013	36	$3	$9.35	$8.27 - $10.50