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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 hundreds of stock splits myself, I find this phrasing a tad weird, 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.

READ HERE FOR YOURSELVES

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

Comments

JobberWokker

Well, if you buy on the 7th I am not sure the trade will have settled. So if you really wanted to have shares pre-split, which I don’t get, buying before or after nets you the same outcome, you should have purchased on the 6th.

OrcinusOrca

@InvestAnswers James, a question cross my mind all the last 2 days. What led Warren Buffet to dump Apple shares. Did he foresee the coming market drop? Japans Nikkei 225? Now he has a slot of cash to deploy. ???

Maseface

So what would happen if I bought shares yesterday? How would that work?

Calanhi

Hi guys, had this back from HL in the UK :- Thank you for your message. I have confirmed with our corporate actions team and any you’ll receive 9 shares in addition to each share you hold at close of business on 7 August 2024, increasing your holding by 10 times. The 1st of august date that is displayed is a record date, this is a register date used by registrars, not the date to qualify for a corporate action. The information in the previous secure message is correct. If you have any further questions, please reply by secure message from your HL account or send us an email. Please note that attachments we send will only be available to view on our website and not on the HL App.

Tim

Thanks for the clarification

Wulfgar_S

Split confirmed!!! Stress level reduced 📈🚀

DENOMINATOR

I had a limit order set on MSTR I had forgot to cancel which filled yesterday 8/7 this morning those shares received the split dividend.

Eduardo Zanatti

Will the ARb Cloud for MSTR vs BTC be updated?

Juan Satoshi

Uk SSIP interactive investor also not showing the split as yet … keep checking 😅

Eduardo Zanatti

Now that MSTR completed the stock split, the ARB Cloud tool is showing a bottom Band of -$30 and a top band price of $241. It doesnt make sense. Can someone help?