As of the most recent reporting period, the following institutional investors, funds, and major shareholders have reported short positions of MicroStrategy: Shaolin Capital Management LLC, CTC LLC, Barclays PLC, Jane Street Group LLC, Whitebox Advisors LLC, Wolverine Trading LLC, Weiss Asset Management LP, Point72 Asset Management L.P., Parallax Volatility Advisers L.P., Murchinson Ltd., Clear Street Derivatives LLC, Paloma Partners Management Co, Verition Fund Management LLC, Capstone Investment Advisors LLC, HBK Investments L P, Walleye Trading LLC, Walleye Capital LLC, PEAK6 Investments LLC, BNP Paribas Financial Markets, Citigroup Inc., LMR Partners LLP, Marathon Trading Investment Management LLC, Wolverine Asset Management LLC, Belvedere Trading LLC, IMC Chicago LLC, SG Americas Securities LLC, Cubist Systematic Strategies LLC, and Bluefin Capital Management LLC. These positions are disclosed in Form 13F filings with the Securities and Exchange Commission.