Form 4: Strive Executive Chairman Reports Stock Reclassification

Michael Gaubert, Executive Chairman of Strive, Inc., reported a reclassification of Class A and Class B common stock, alongside a conversion of 1 million shares.

Summary

• Michael Gaubert, Executive Chairman, Director, and 10% Owner of Strive, Inc. (ASST), filed a Form 4 reporting transactions on September 12, 2025.
• Asset Entities Holdings, LLC, an entity through which Mr. Gaubert has indirect beneficial ownership, converted 1,000,000 shares of Original Class A Common Stock into 1,000,000 shares of Original Class B Common Stock.
• Following this conversion, a reclassification occurred where each share of the issuer's Original Class B Common Stock ($0.0001 par value) was redesignated as New Class A Common Stock ($0.001 par value).
• Concurrently, each share of the issuer's Original Class A Common Stock ($0.0001 par value) was redesignated as New Class B Common Stock ($0.001 par value).
• As a result of these transactions, Mr. Gaubert's indirect beneficial ownership through Asset Entities Holdings, LLC now consists of 1,250,000 shares of New Class A Common Stock.
• His direct beneficial ownership now consists of 20,567 shares of New Class A Common Stock.
• Mr. Gaubert reports no beneficial ownership of Class B Common Stock following these transactions.

Sentiment

Score: 5

Explanation: Neutral. The filing reports an administrative reclassification and a conversion, which are structural changes and do not inherently indicate positive or negative company performance or outlook.

Future Outlook

No forward-looking statements or guidance were provided in this filing.

Industry Context

This filing reports an insider transaction and a corporate structural change (stock reclassification), which are internal company matters and do not directly relate to broader industry trends or competitor performance.

Corporate Governance

Related Party Transactions

• Conversion of 1,000,000 Original Class A Common Stock into 1,000,000 Original Class B Common Stock by Asset Entities Holdings, LLC, an entity through which Michael Gaubert has indirect beneficial ownership.
• Reclassification of all Class A and Class B Common Stock, affecting shares held indirectly by Asset Entities Holdings, LLC and directly by Michael Gaubert, resulting in all his beneficial holdings being redesignated as New Class A Common Stock.

Stakeholder Impact

• Shareholders: The reclassification changes the designation and par value of Class A and Class B common stock. For Michael Gaubert, all his beneficial holdings are now in Class A Common Stock. The specific impact on voting rights or other features of the new classes for all shareholders is not detailed in this filing, but such changes can affect shareholder rights and market perception.

Key Dates

Keywords

Strive Inc, ASST, Michael Gaubert, SEC Form 4, Beneficial Ownership, Stock Reclassification, Class A Common Stock, Class B Common Stock, Corporate Governance, Insider Transaction, Equity Conversion