SCHEDULE: FMR LLC, Abigail Johnson Disclose 11% Stake in Strive Inc

Sentiment:

Beneficial Ownership Report 5 December 2025 2:03 PM

FMR LLC and Abigail P. Johnson have reported beneficial ownership of 11.0% of Strive Inc.'s Class A Common Stock as of November 28, 2025.

Summary

FMR LLC and Abigail P. Johnson, through various entities, beneficially own 64,895,268 shares of Strive Inc.'s Class A Common Stock.
This represents 11.0% of the total outstanding Class A Common Stock.
The event requiring this filing occurred on November 28, 2025.
Fidelity Tactical High Income Fund, a subsidiary of FMR LLC, holds 43,352,217 shares, accounting for 7.3% of the Class A Common Stock.
FMR LLC is classified as a parent holding company, and Abigail P. Johnson is an individual reporting person.

Sentiment

Score: 7

Explanation: The filing reveals a substantial 11.0% beneficial ownership by FMR LLC and Abigail P. Johnson, a major institutional investor. This indicates a strong vote of confidence from a sophisticated market participant, which is generally viewed favorably by investors.

Positives

Significant institutional investment from FMR LLC, a major asset manager, indicates confidence in Strive Inc.
The 11.0% stake suggests a substantial long-term interest from a prominent financial institution.

Risks

Concentration of ownership: A single entity (FMR LLC and its affiliates) holding 11.0% could potentially influence corporate decisions, though the filing certifies the shares were not acquired for control purposes.

Future Outlook

This filing is a disclosure of current beneficial ownership and does not provide forward-looking statements or guidance regarding Strive Inc.'s future performance or FMR LLC's investment strategy beyond the certification that shares were acquired in the ordinary course of business.

Management Comments

The securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities.

Industry Context

The disclosure of a significant 11.0% stake by FMR LLC, a major global asset management firm, signals substantial institutional interest in Strive Inc. Such filings are common for large investment managers who cross beneficial ownership thresholds, reflecting their portfolio allocation decisions rather than direct operational insights into the issuer. This level of ownership can be viewed positively by the market as it indicates a large, sophisticated investor sees value in the company.

Comparison to Industry Standards

Institutional ownership by firms like FMR LLC is a common feature in publicly traded companies. While no specific comparable companies or projects are mentioned in the filing, a significant stake from a top-tier asset manager like Fidelity (FMR LLC's parent) is generally considered a positive signal, aligning Strive Inc. with other companies that attract substantial institutional investment.
For example, large-cap companies often have institutional ownership exceeding 70-80%, while smaller companies might see 10-30% as a strong institutional endorsement.

Corporate Governance

Change Type	Description	Effective Date	Impact Assessment
Disclosure of Reporting Entity Governance	The filing details the governance structure of FMR LLC, the beneficial owner, noting Abigail P. Johnson's role as Director, Chairman, and CEO, and the Johnson family's control through Series B voting common shares and a shareholders' voting agreement.	NA	Provides transparency into the control and decision-making structure of the significant institutional investor, FMR LLC, which holds an 11.0% stake in Strive Inc. This clarifies who ultimately directs the investment decisions for this substantial block of shares.

Stakeholder Impact

Shareholders: Increased institutional ownership may lead to greater market stability and potentially attract other investors, signaling confidence in Strive Inc.
Management: May feel increased scrutiny or validation from a significant institutional investor.

Next Steps

FMR LLC and Abigail P. Johnson will continue to monitor their investment in Strive Inc.
Further Schedule 13G/D filings would be required if their beneficial ownership significantly changes (e.g., crosses another 5% threshold or if they decide to seek control).

Key Dates

Date	Description
2023-01-03	Effective date of Power of Attorney for FMR LLC.
2023-01-10	Date of Schedule 13G filing by FMR LLC where Power of Attorney was incorporated by reference.
2023-01-26	Effective date of Power of Attorney for Abigail P. Johnson.
2023-01-31	Date of Schedule 13G filing by FMR LLC where Abigail P. Johnson's Power of Attorney was incorporated by reference.
2025-11-28	Date of event which requires filing of this statement (beneficial ownership threshold crossed).
2025-12-04	Date of signing of the Schedule 13G filing.

Recommendation

hold

The filing indicates a significant institutional stake by FMR LLC, which is generally a positive signal of confidence. However, a Schedule 13G filing primarily discloses ownership and does not provide new operational or financial performance data for Strive Inc. Without additional information on Strive Inc.'s fundamentals, earnings, or strategic direction, a 'hold' recommendation is appropriate, acknowledging the positive signal of institutional interest while awaiting further company-specific news.

Keywords

STRIVE INC, FMR LLC, Abigail P. Johnson, Beneficial Ownership, Schedule 13G, Institutional Investor, Class A Common Stock, Fidelity Tactical High Income Fund, Investment Management

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