VIP: MSTR SPLIT (Patreon)

The wording used on the MicroStrategy website regarding the stock split has certainly raised eyebrows. It's important for everyone to know that despite the unusual language, shareholders should still receive the split shares. Typically, shareholders of record by the close on August 1st are eligible, but the distinctive phrasing has caused some confusion. Having been involved in numerous stock splits myself, I find this phrasing atypical, and I wanted to highlight it to ensure investors are informed. Even those purchasing shares last minute on August 7th might still be curious about their eligibility, though traditionally, the key date is the record date, not the payable date. Either way I am not buying or selling till after the split just in case and I am moving large numbers of shares so I share this out of an abundance of caution.

THIS COMES FROM THE MSTR WEBSITE AND HAS CAUSED A STIR ON THE INTERNET

IT IS THE REASON I AM SHARING

TYSONS CORNER, Va., July 11, 2024 — MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that its board of directors has declared a 10-for-1 stock split of MicroStrategy’s class A common stock and class B common stock to make MicroStrategy’s stock more accessible to investors and employees. The stock split will be effected by means of a stock dividend to the holders of record of MicroStrategy’s class A common stock and class B common stock as of the close of business on August 1, 2024, the record date for the dividend.

As a result of the dividend, each holder of a share of MicroStrategy’s class A common stock will receive nine (9) additional shares of class A common stock and each holder of a share of MicroStrategy’s class B common stock will receive nine (9) additional shares of class B common stock. In each case, the shares are expected to be distributed after the close of trading on August 7, 2024. Trading is expected to commence on a split-adjusted basis at market open on August 8, 2024. The stock dividend will not have any impact on the voting and other rights of stockholders.

https://www.microstrategy.com/press/microstrategy-announces-10-for-1-stock-split_07-11-2024 

To benefit from MicroStrategy's 10-for-1 stock split, you need to own the shares by the close of business on the record date, which is August 1, 2024. Here are the key dates and details related to the stock split:

Record Date: August 1, 2024. You must own the shares by this date to be eligible for the stock split.

Payable Date: August 7, 2024. This is when the additional shares will be distributed.

Ex-Distribution Date: August 8, 2024. This is when the stock will begin trading on a split-adjusted basis.