Strategy Inc filed a Form 8-K on October 29, 2026, disclosing the resignation of Chief Financial Officer Andrew Kang effective November 5, 2026, a multi-step CFO transition plan, and the company's financial results for the quarter ended September 30, 2026.

Key Highlights

  • CFO resignation: Andrew Kang informed the company on October 26, 2026 of his intention to resign as Executive Vice President and CFO effective November 5, 2026, citing personal reasons and no disagreement with the company.
  • Interim financial officer: President and CEO Phong Le will serve as principal financial officer from November 6, 2026 through December 31, 2026.
  • Successor named: Reza Virasteh, currently Executive Vice President of Operations, will become Executive Vice President and CFO effective January 1, 2027, serving as co-principal financial officer alongside Mr. Le.
  • New Chief Accounting Officer: Shelley Khanna, current Global Controller, will serve as Chief Accounting Officer and principal accounting officer effective November 6, 2026.
  • Separation package for Kang: Subject to execution of a general release, Mr. Kang will receive a lump sum payment of $883,400 and six months of COBRA premium coverage valued at approximately $20,000, plus continued base pay through December 31, 2026.
  • Virasteh compensation: Mr. Virasteh's base salary was increased to $500,000, his annual discretionary cash bonus target was increased to $400,000, and he will receive RSUs and an option each with a target value of $1,000,000, effective grant date November 5, 2026.
  • Q3 2026 results announced: The company also issued a press release announcing financial results for the quarter ended September 30, 2026, attached as Exhibit 99.1.

Strategy Inc Outlines Multi-Step CFO Transition Through Early 2027

According to the filing, Andrew Kang notified Strategy Inc on October 26, 2026 that he would resign as Executive Vice President, CFO, principal financial officer, and principal accounting officer, with the resignation taking effect November 5, 2026. The company disclosed that Mr. Kang's decision was due to personal reasons and was "not the result of any disagreement between Mr. Kang and the Company on any matter relating to the Company's operations, policies or practices." Mr. Kang will remain with the company as a non-executive employee in an advisory capacity through December 31, 2026.

The filing describes a phased transition of Mr. Kang's responsibilities. From November 6 through December 31, 2026, CEO Phong Le will serve as principal financial officer, overseeing the company's finance organization. Effective January 1, 2027, Reza Virasteh will formally assume the title of Executive Vice President and CFO, at which point he and Mr. Le will serve as co-principal financial officers. According to the filing, Mr. Le's co-principal role will focus on "financial management of the Company's bitcoin strategy, including capital markets activity, capital management, and treasury and investor relations," while Mr. Virasteh will be "primarily responsible for the financial management of the Company's software operations, finances and budget." During the interim period from November 6 through December 31, 2026, Mr. Virasteh's title will be Executive Vice President, Finance and Operations.

The filing states that Mr. Virasteh, age 50, has been with the company since 2008 and has served as Executive Vice President of Operations since January 2024. His base salary was increased to $500,000, with an annual discretionary cash bonus target of $400,000. He will also receive RSUs and a stock option, each with a target value of $1,000,000, vesting in equal annual installments of 25% over four years under the Strategy Inc 2023 Equity Incentive Plan, as amended. Separately, the filing reports that Shelley Khanna, age 48, who joined the company in August 2025 and has served as Global Controller since July 2026, will become Chief Accounting Officer effective November 6, 2026. The company is listed on NASDAQ:MSTR.

What Was Disclosed

Strategy Inc disclosed the resignation of its CFO, a structured three-stage leadership transition ending January 1, 2027, separation terms for the departing CFO including a $883,400 lump sum payment, updated compensation for incoming CFO Reza Virasteh, and the appointment of Shelley Khanna as Chief Accounting Officer.