Andrew Kang, Chief Financial Officer of Strategy (Nasdaq: MSTR), announced his resignation on the day the company released quarterly earnings. The departure comes as insiders at the bitcoin-focused company have collectively sold 227,580 shares of MSTR throughout 2026.
The combined news weighed on the stock, which declined over 8% on the day of the announcement. MSTR has fallen 14% year-to-date, a period marked by significant shareholder dilution used to fund preferred share buybacks and bitcoin purchases.
Insider Sales Activity
Year-to-date insider sales at Strategy totaled nearly $30 million. CEO Phong Le led the selling, offloading 104,593 shares worth approximately $12.5 million. Strategy Director Jarrod Patten sold 77,900 shares for about $11.4 million. Kang sold 43,897 shares for approximately $5.5 million, with his final transaction occurring on June 9, 2026, less than five months before his resignation.
Two other insiders, former Chief Accounting Officer Jeanine Montgomery and General Counsel Thomas Chow, sold approximately 1,200 shares combined.
Kang's Departure
Strategy stated in an SEC filing that Kang's resignation was due to personal reasons and not the result of disagreement with the company on any matter. His departure is effective November 5, 2026.
Kang's share sales were executed to satisfy tax withholding obligations from vesting equity awards under a 2024 trading plan. He received $4.1 million in compensation during 2023, $7.8 million in 2024, and $5.7 million in 2025.
CEO Le will assume the role of principal financial officer on November 6, with Reza Virasteh scheduled to become co-CFO in January 2027.
