Summary by Moomoo AI
On July 11, 2024, MicroStrategy Incorporated announced a 10-for-1 stock split for both its class A and class B common stock, aimed at making the shares more accessible to investors and employees. The stock split will be executed as a stock dividend for shareholders on record as of August 1, 2024, with the distribution of additional shares scheduled after the market closes on August 7, 2024. Trading on a split-adjusted basis is expected to begin on August 8, 2024. This stock dividend will not affect the voting and other rights of the stockholders. The announcement was made via a press release, which is filed with the SEC and incorporated by reference into the Current Report on Form 8-K.