SCHEDULE: Beachbody Founder Daikeler Maintains Significant Stake

Carl Daikeler, founder of The Beachbody Company, Inc., continues to hold a substantial 37.4% beneficial ownership of Class A Common Stock and 81.4% of total voting power as of September 17, 2025.

Summary

• Carl Daikeler beneficially owns 2,597,149 shares in The Beachbody Company, Inc. as of September 17, 2025.
• This ownership comprises 2,576,991 shares of Class X Common Stock and 20,158 stock options exercisable within 60 days.
• His beneficial ownership represents 37.4% of the Class A Common Stock as of September 17, 2025, based on 4,355,973 outstanding Class A shares.
• His total voting power in the company is 81.4% as of September 17, 2025, due to Class X shares carrying 10 votes per share.
• There were no transactions involving Class A or Class X Common Stock by Carl Daikeler in the 60 days prior to the filing date of September 18, 2025.
• The ownership percentages and voting power were largely consistent with figures reported on June 5, 2025 (37.5% Class A ownership, 81.5% voting power).

Sentiment

Score: 7

Explanation: The filing indicates stable and significant beneficial ownership by the founder, Carl Daikeler, including a substantial voting majority. This suggests strong insider confidence and control, which can be viewed positively for strategic stability and alignment of interests. However, the high concentration of voting power could also be seen as a governance risk by some investors.

Positives

• High insider ownership by the founder, Carl Daikeler, indicates strong alignment of interests with the company's long-term success.
• Stable ownership percentages suggest no recent significant selling activity by the founder.
• Significant voting control (81.4%) provides stability in strategic direction and corporate governance.

Negatives

• The high concentration of voting power (81.4%) in one individual, Carl Daikeler, could limit the influence of other shareholders on corporate decisions.

Risks

• Concentrated voting power with Carl Daikeler (81.4%) means that a single individual has substantial control over corporate actions, potentially overriding minority shareholder interests.
• The dual-class share structure (Class A and Class X) inherently creates a disparity in voting rights, which can be a governance concern for some investors.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Stakeholder Impact

• Shareholders: Class A shareholders have significantly less voting power compared to Carl Daikeler due to the dual-class structure, potentially limiting their influence on major corporate decisions. However, Daikeler's substantial stake aligns his interests with long-term shareholder value.
• Management/Employees: Daikeler's continued strong control provides clear leadership and strategic direction, which can offer stability.

Key Dates

Recommendation

The filing primarily reports stable insider ownership by the founder, Carl Daikeler, who maintains significant control over The Beachbody Company. This stability, coupled with high insider alignment, generally supports a 'hold' recommendation for existing investors, as it doesn't present new information that would drastically alter the investment thesis. However, the concentrated voting power remains a factor for consideration regarding corporate governance.

Keywords

The Beachbody Company, Carl Daikeler, Schedule 13D, Beneficial Ownership, Class A Common Stock, Class X Common Stock, Voting Power, Insider Ownership, Corporate Governance, SEC Filing