MICROSTRATEGY INC

Ticker: MSTR CUSIP: 594972408 Class: EQTY

Maryland State Retirement & Pension System's Holding History (CIK: 0001795552)

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

Q4 2025

Shares 13,168 Value ($000) $2,001 Avg Close $230.22 Range $151.42 - $365.21

Q3 2025

Shares 13,168 Value ($000) $4,243 Avg Close $371.01 Range $292.36 - $457.22

Q2 2025

Shares 12,140 Value ($000) $4,907 Avg Close $364.26 Range $235.93 - $430.35

Q1 2025

Shares 10,819 Value ($000) $3,119 Avg Close $317.51 Range $231.51 - $404.42

Q4 2024

Shares 8,991 Value ($000) $2,604 Avg Close $300.91 Range $157.02 - $543.00

Q3 2024

Shares 8,961 Value ($000) $1,511 Avg Close $142.97 Range $102.40 - $183.70

Q2 2024

Shares 1,220 Value ($000) $1,681 Avg Close $144.09 Range $101.00 - $174.00

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	13,168	$2,001	$230.22	$151.42 - $365.21
Q3 2025	13,168	$4,243	$371.01	$292.36 - $457.22
Q2 2025	12,140	$4,907	$364.26	$235.93 - $430.35
Q1 2025	10,819	$3,119	$317.51	$231.51 - $404.42
Q4 2024	8,991	$2,604	$300.91	$157.02 - $543.00
Q3 2024	8,961	$1,511	$142.97	$102.40 - $183.70
Q2 2024	1,220	$1,681	$144.09	$101.00 - $174.00