On March 30, 2023, Timothy E. Lang, Senior Executive Vice President & Chief Technology Officer (CTO") and a named executive officer of MicroStrategy Incorporated, informed the Company of his intention to retire from his position as CTO on April 14, 2023 (the Retirement Date"). To assist the Company in the transition of his duties and other related matters, Mr. Lang will serve in a non-executive employee advisory role reporting to the Company's President & Chief Executive Officer, Phong Le, from the Retirement Date until June 30, 2023 (Transition Period"). Following Mr. Lang's Retirement Date, Mr. Le will assume Mr. Lang's responsibilities as head of the Company's technology organization.