Form 4: Strive CFO Converts Stock, Settles RSUs

Strive, Inc.'s CFO, Benjamin Pham, reported the conversion of Class B common stock to Class A, settlement of restricted stock units, and shares withheld for tax obligations.

Summary

• Benjamin Pham, Chief Financial Officer and Director of Strive, Inc. (ASST), reported changes in beneficial ownership.
• On January 16, 2026, 212,930 shares of Restricted Class B Common Stock were converted into an equal number of Class A Common Stock.
• Also on January 16, 2026, 226,583 Restricted Stock Units (RSUs) were settled into shares of Class B Common Stock.
• In connection with the vesting and settlement of RSUs, 95,816 shares of Class B Common Stock were withheld by the Registrant to satisfy tax withholding obligations.
• Following these transactions, Benjamin Pham beneficially owns 4,232,221 shares of Class B Common Stock and 4,458,804 shares of Class A Common Stock (after conversion of 212,930 Class B shares and before tax withholding).
• After the tax withholding, the beneficial ownership of Class B Common Stock is 4,362,988 shares.
• The reporting person did not voluntarily sell any shares of Class A Common Stock or Class B Common Stock in connection with these transactions.

Sentiment

Score: 6

Explanation: The filing reports routine insider compensation events, including stock conversions, RSU settlements, and tax withholdings, without any voluntary sales, indicating standard compensation practices and executive alignment.

Positives

• The transactions represent routine vesting and conversion of compensation, indicating continued executive alignment with shareholder interests.
• No voluntary sales of Class A or Class B Common Stock were made by the reporting person, suggesting confidence in the company's future.

Negatives

• A portion of shares (95,816 Class B Common Stock) was withheld to cover tax obligations, which is a standard practice but reduces the direct beneficial ownership.

Risks

• The vesting of Restricted Stock and Restricted Stock Units is contingent upon the reporting person's continued employment through each applicable vesting date, posing a risk to the full realization of the awards if employment ceases.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The transactions are routine and reflect standard executive compensation practices, with no immediate material impact on the company's valuation or strategic direction.
• Employees (specifically Benjamin Pham): The vesting and settlement of equity awards represent a realization of compensation, reinforcing long-term incentives tied to company performance and continued employment.

Next Steps

• Continued vesting of remaining Restricted Stock and Restricted Stock Units according to the established quarterly schedule, subject to continued employment.

Key Dates

Recommendation

This Form 4 details routine compensation-related transactions for a key executive, including stock conversions and RSU settlements with shares withheld for taxes. There were no voluntary sales, which is a neutral to slightly positive signal. The filing does not contain new information that would fundamentally alter the investment thesis for Strive, Inc., thus a 'hold' recommendation is appropriate.

Keywords

Strive, ASST, Form 4, Insider Transaction, Benjamin Pham, CFO, Director, Stock Conversion, Restricted Stock Units, RSU, Class A Common Stock, Class B Common Stock, Beneficial Ownership, Tax Withholding