$MSTR Convertible Notes - Conversion Eligibility Watch 2027 Notes ($1.05B / 7,330,050 Shares) Status: Eligible ✅ The 2027 notes have qualified for early conversion by the bond holders. In addition, these have also qualified for early cash redemption by MSTR. 2028 Notes ($1.01B / 5,513,489 Shares) Status: Not Eligible ❌ We have had 12 closes above the $238.14 130% trigger price in the last 15 days. We need 8 more closes above $238.14 over the next 15 trading days. 2030 Notes ($800M / 5,341,600 Shares) Status: Eligible ✅ The 2030 notes have qualified for early conversion by the bond holder. For these, it is 100% up to bond holder discretion and MSTR cannot call for redemption. 2031 Notes ($603.75M / 2,594,310 Shares) Status: Not Eligible ❌ We have had 5 closes above the $302.54 130% trigger price in the last 5 day. We need 15 more closes above $302.54 over the next 25 trading days. 2032 Notes ($800M / 3,915,200 Shares) Status: Not Eligible ❌ We have had 7 closes above the $265.63 130% trigger price in the last 7 days. We need 13 more closes above $265.63 over the next 23 trading days. Reminder: This is only tracking eligibility. There is no obligation for the bond holders to convert or for MSTR to redeem for cash (2027 only).