This market will resolve to “Yes” if MicroStrategy is removed from either the MSCI World Index or the MSCI USA Index at any point by December 31, 2026, 11:59 PM ET. Otherwise, it will resolve to “No.” If MicroStrategy is transferred between indexes (e.g., from MSCI World to another MSCI index), that will also count as a removal for the purposes of this market. An official MSCI announcement of removal or transfer will be sufficient for a ‘Yes’ resolution. The resolution source will be official MSCI communication or a consensus of credible reporting.