{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-26-033573","form_type":"8-K","ticker":"MSTR","cik":"0001050446","company_name":"Strategy Inc","filed_at":"2026-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:34.466823+00:00","generated_at":"2026-05-16T05:32:19.180781+00:00","sec_items":["8.01","9.01"],"event_type":"regulatory","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Strategy Inc says 100% of 2025 preferred dividends are return of capital, no E&P expected","bullets":["For 2025, 100% of preferred stock distributions were nontaxable return of capital (ROC) per U.S. federal income tax.","Raised $5.5B from five perpetual preferred IPOs and $1.9B from ATM programs; paid $413M in cumulative distributions at 9.6% blended rate.","Strategy expects no current or future E&P for foreseeable future (10+ years); dividends treated as ROC to extent of shareholder basis.","Forms 8937 for each distribution available at strategy.com/investor-relations/dividend-return-of-capital."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-26-033573","json":"https://secwatch.observer/filing/0001193125-26-033573.json","markdown":"https://secwatch.observer/filing/0001193125-26-033573.md","text":"https://secwatch.observer/filing/0001193125-26-033573.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1050446/000119312526033573/0001193125-26-033573-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1050446/000119312526033573/mstr-20260202.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T05:32:19.180781+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}