On April 11, 2021, the Board of Directors (the "Board") of MicroStrategy
Incorporated (the "Company") modified the compensation arrangements for
non-employee directors. Going forward, non-employee directors will receive all
fees for their service on the Company's Board in bitcoin instead of cash. In
approving bitcoin as a form of compensation for Board service, the Board cited
its commitment to bitcoin given its ability to serve as a store of value,
supported by a robust and public open-source architecture, untethered to
sovereign monetary policy.
Under this modified arrangement, the amount of Board fees payable to
non-employee directors remains unchanged and will be nominally denominated in
USD. At the time of payment, the fees will be converted from USD into bitcoin by
the payment processor and then deposited into the digital wallet of the
applicable non-employee director.
MicroStrategy Incorporated is a bitcoin development company. It is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. It designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. It provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. It offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.
MICROSTRATEGY INCORPORATED 
