Strive CFO Benjamin Pham receives 11,574 Class A shares
A later Form 4 was anticipated to report a separate Class A share sale to pay taxes resulting from the vesting.
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Form Type
4
Rhea-AI Filing Summary
Strive, Inc. Chief Financial Officer Benjamin Pham reported restricted stock unit vesting and share conversions on September 30, 2026. The vesting converted 11,574 Restricted Stock Units into Class A Common Stock and 11,329 into Class B Common Stock; 11,329 Class B shares were converted into Class A shares. Direct Class A holdings following the 11,574-share acquisition were reported as 21,573 shares.
The issuer withheld 4,387 Class B shares to satisfy tax withholding obligations related to vesting and settlement. A later Form 4 was anticipated to disclose a separate sale of Class A shares to pay taxes resulting from the vesting.
Insider Trade Summary
34,232 shares exercised/converted
Exercise
5 txns
Insider
Pham Benjamin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units F1 | 11,574 | -- | -- |
| Exercise | Restricted Stock Units F3, F4 | 11,329 | -- | -- |
| Exercise | Class B Common Stock F3, F4 | 11,329 | -- | -- |
| Tax Withholding | Class B Common Stock F4, F5 | 4,387 | -- | -- |
| Exercise | Class A Common Stock F1, F2 | 11,574 | -- | -- |
Holdings After Transaction:
Restricted Stock Units — 84,180 contracts (Direct);
Class B Common Stock — 239,233 contracts (Direct);
Class A Common Stock — 21,573 shares (Direct)
Footnotes (5)
- F1. The Restricted Stock Units vest as follows: 33% vests on the first anniversary of the grant date and the remainder vests as to 8.33% on a quarterly basis (with the vesting dates always being on March 31, June 30, September 30 or December 31, as applicable), in all cases subject to the Reporting Person's continued employment through each applicable vesting date. Vesting of Restricted Stock Units does not constitute a sale of securities, but rather a conversion to shares of the Issuer's Class A Common Stock by default.
- F2. Subsequent to this filing, it is anticipated that a Form 4 will be filed to disclose the sale of shares of Issuer's Class A Common Stock for the specific purpose of paying taxes resulting from the vesting of the Restricted Stock Units.
- F3. The Restricted Stock Units vest as follows: 25% vests on the first anniversary of the applicable vesting commencement date and the remainder vests in 12 substantially equal installments on a quarterly basis (with the vesting dates always being on March 31, June 30, September 30 or December 31, as applicable), in all cases subject to the Reporting Person's continued employment through each applicable vesting date. Vesting of Restricted Stock Units does not constitute a sale of securities, but rather a conversion to shares of the Issuer's Class B Common Stock by default.
- F4. Each share of Class B Common Stock of the Registrant, automatically and without further action by the Reporting Person, is converted into one share of Class A Common Stock, upon the occurrence of a Transfer, other than a Permitted Transfer (each as defined in the Registrant's Amended and Restated Articles of Incorporation) or all shares of Class B Common Stock, automatically and without further action by the Reporting Person, shall be converted into an identical number of shares of Class A Common Stock at such date and time, or the occurrence of an event, specified by the affirmative vote (or written consent if action by written consent of stockholders is permitted at such time under the Registrant's Amended and Restated Articles of Incorporation) of the holders of a majority of the total voting power of the outstanding Class B Common Stock, voting as a separate class. The Class B Common Stock may also be converted into Class A Common Stock at the election of the Reporting Person.
- F5. Represents shares withheld by the Issuer to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of Restricted Stock Units.
Key Figures
Class A shares from RSU vesting: 11,574 shares
Class B shares from RSU vesting: 11,329 shares
Class B shares converted to Class A: 11,329 shares
+2 more
5 metrics
Class A shares from RSU vesting
11,574 shares
September 30, 2026
Class B shares from RSU vesting
11,329 shares
September 30, 2026
Class B shares converted to Class A
11,329 shares
September 30, 2026
Class B shares withheld for taxes
4,387 shares
Withheld in connection with RSU vesting and settlement on September 30, 2026
Direct Class A holdings following acquisition
21,573 shares
Following the 11,574-share acquisition on September 30, 2026
Key Terms
Restricted Stock Units, vesting commencement date, Permitted Transfer, tax withholding obligations
4 terms
Restricted Stock Units technical
"Vesting of Restricted Stock Units does not constitute a sale of securities"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
vesting commencement date technical
"first anniversary of the applicable vesting commencement date"
The vesting commencement date is the starting point when an employee begins earning ownership rights to their promised benefits, such as stock options or retirement contributions. Think of it like the day a savings account is opened—only after this date do the benefits start to grow and become fully available over time. It matters to investors because it marks when the clock begins ticking toward full ownership, affecting the timing and value of these benefits.
Permitted Transfer technical
"other than a Permitted Transfer"
tax withholding obligations financial
"satisfy the Reporting Person's tax withholding obligations"
FAQ
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