CFO Andrew Kang sells 18,750 MSTR shares for $7.4M at $390.00–$400.00; reduces holdings by 43.4% in 3 separate sales
Andrew Kang, EVP & CFO of MSTR, executed 3 separate sales on 2025-08-07 totaling 18,750 shares (18.8K shares) for $7,406,250.00 ($7.4M) at a blended average price of $395.00, reducing his holdings from 43,210 shares (43.2K shares) to 24,460 shares (24.5K shares)—a 43.4% reduction in post-transaction holdings. The stock is currently priced at $400.25, down 15.5% from its 52-week high of $473.83 and down 7.9% over 30 days. This is Kang's second sale in 2 days (following a 2025-08-05 sale) and part of a recent pattern of 3 sells at MSTR on 2025-06-06. His cross-ticker track record shows 17 prior sells with an average 90-day return of +23.9% (a 0.00% well-timed rate, indicating his prior sales have not preceded declines), though his 3 prior buys averaged a 90-day return of +334.2% with a 100% win rate. The fundamental backdrop shows annual revenue declined 6.6% year-over-year, the company reported a negative full-year net income despite a latest-quarter net income of $10,020,846,000.00, and recent quarterly revenue was $114,488,000.00. The magnitude of the sale and the sharp holding reduction deserve investor scrutiny given the company's deteriorating top-line growth and historical profitability concerns.