Strive (ASST) Form 4: Merger Conversions and Large RSU Grants Detailed

Rhea-AI Filing Summary

Strive, Inc. (ASST) insider Brian Logan Beirne reported changes in beneficial ownership related to the companys merger and equity awards. On 09/12/2025 Mr. Beirne disposed of 74,074 shares of Class A Common Stock and received conversion of Old Strive shares and Old Strive restricted stock units into New Strive shares and New Strive RSUs under the Merger Agreement using an exchange ratio of 70.9470650. Multiple restricted stock unit awards were reported as acquired on 09/12/2025 (totaling 747,143 RSUs) and on 09/15/2025 (an additional 2,222,222 RSUs). The RSUs include awards that were fully vested on 06/15/2025 but have not yet settled into shares and others that vest over defined schedules subject to continued employment.

Positive

• Conversion under Merger Agreement completed using a defined Exchange Ratio (70.9470650), providing clear mechanics for Old Strive to New Strive equity translation
• Large RSU awards recorded (totaling 2,969,365 RSUs across reported entries), indicating significant equity alignment for the reporting person
• Some RSUs were fully vested as of 06/15/2025, meaning the reporting person earned those awards prior to settlement

Negative

• Disposition of 74,074 Class A shares reported on 09/12/2025
• Several RSUs remain unsettled despite vesting (vested on 06/15/2025 but not yet converted into shares), creating timing uncertainty for actual share issuance

Insights

Corporate Governance Expert

TL;DR: Insider reported post-merger conversions and large RSU holdings; some awards remain unvested or unsettled.

The filing documents conversion mechanics from Old Strive equity into New Strive shares and RSUs under the Merger Agreement using a specified exchange ratio of 70.9470650. It also shows a disposal of 74,074 Class A shares and acquisition/recording of RSUs totaling 2,969,365 units across dates, with certain RSUs fully vested as of 06/15/2025 but not yet settled. Vesting schedules are explicit: some RSUs vest quarterly over one year; another tranche vests 33% after one year with the remainder quarterly thereafter, all subject to continued employment. These are governance and insider-compensation events rather than operational results.

Securities Analyst

TL;DR: Material share movements recorded due to merger conversion and large RSU grants; settlement timing remains important.

The form shows conversion of Old Strive equity into New Strive equity pursuant to the Merger Agreement and records acquisitions of 87,903, 659,240, and 2,222,222 restricted stock units on 09/12/2025 and 09/15/2025. One tranche of RSUs was fully vested on 06/15/2025 but has not settled into shares, indicating potential timing between vesting and actual share issuance. The only outright disposition reported is 74,074 Class A shares. These are material insider changes that investors can verify in cap table movements and outstanding share counts.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Beirne Brian Logan

(Last) (First) (Middle)

C/O STRIVE, INC.

200 CRESCENT COURT, SUITE 1400

(Street)

DALLAS TX 75201

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Strive, Inc. [ ASST ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Legal Officer

3. Date of Earliest Transaction (Month/Day/Year)
09/12/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Class A Common Stock								74,074	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)(2)(3)(4)(5)	09/12/2025		A		87,903(1)(2)(3)(4)(5)		(5)	(1)(2)(3)(4)(5)	Class B Common Stock	87,903	(1)(2)(3)(4)(5)	87,903	D
Restricted Stock Units	(1)(2)(3)(4)(6)	09/12/2025		A		659,240(1)(2)(3)(4)(6)		(6)	(1)(2)(3)(4)(6)	Class B Common Stock	659,240	(1)(2)(3)(4)(6)	659,240	D
Restricted Stock Units	(7)	09/15/2025		A		2,222,222		(7)	(7)	Class A Common Stock	2,222,222	(7)	2,222,222	D

Explanation of Responses:

1. On September 12, 2025, pursuant to the Agreement and Plan of Merger dated as of May 6, 2025, as amended by that certain Amended and Restated Agreement and Plan of Merger, dated as of June 27, 2025 (as it may be further amended, restated or otherwise modified from time to time, the "Merger Agreement," and the consummation of the transactions contemplated thereby, the "Closing"), by and among the Registrant, Strive Enterprises, Inc., an Ohio corporation, and Alpha Merger Sub, Inc., an Ohio corporation and a direct, wholly owned subsidiary of the Registrant, (i) each share Class B Common Stock of Old Strive (the "Old Strive Shares")

2. (Footnote 1 continued) held by the Reporting Person as of the Closing was converted into the right to receive a number of shares of Class B Common Stock of the Registrant (the "New Strive Shares") equal to the product, rounded down to the nearest whole share, obtained by multiplying (x) the number of Old Strive Shares held by the Reporting Person and (y) a ratio equal to 70.9470650 (the "Exchange Ratio"), (ii) each outstanding restricted stock unit in respect of Old Strive Shares held by the Reporting Person as of the Closing (each, an "Old Strive RSU") was converted into an award of restricted stock units with respect to a number of New Strive Shares (each, a "New Strive RSU") equal to the product, rounded down to the nearest whole share, obtained by multiplying (x) the number of Old Strive RSUs held by the Reporting Person by (y) the Exchange Ratio, which such New Strive RSUs shall remain subject to the same terms and conditions as were applicable to the corresponding Old Strive RSU

3. Each share of Class B Common Stock of the Registrant, automatically and without further action by the Reporting Person, shall be 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.

4. (Footnote 3 continued) The Class B Common Stock may also be converted into Class A Common Stock at the election of the Reporting Person.

5. The Restricted Stock Units were fully vested on June 15, 2025, but have not yet settled into shares of Class B Common Stock.

6. The Restricted Stock Units vest over one year in four 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 the applicable vesting date.

7. 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.

	/s/ Brian Logan Beirne	09/16/2025
	** Signature of Reporting Person	Date
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FAQ

What did Brian Logan Beirne report on Form 4 for ASST?

The filing reports a disposition of 74,074 Class A shares and the conversion/acquisition of restricted stock units totaling 2,969,365 RSUs under the Merger Agreement and subsequent awards dated 09/12/2025 and 09/15/2025.

What exchange ratio was used to convert Old Strive shares and RSUs?

The Merger Agreement conversion used an Exchange Ratio of 70.9470650 to convert Old Strive shares and Old Strive RSUs into New Strive shares and New Strive RSUs.

How many RSUs were fully vested but not settled?

The filing states certain Restricted Stock Units were fully vested on 06/15/2025 but had not yet settled into Class B Common Stock as of the report.

What are the vesting schedules for the reported RSUs?

One group of RSUs vests over one year in four substantially equal quarterly installments; another tranche vests 33% on the first anniversary with the remainder vesting ~8.33% quarterly, all subject to continued employment.

Did the Form 4 indicate any conversion of Class B into Class A shares?

The filing explains that Class B Common Stock can convert into Class A Common Stock automatically upon certain transfers or by election, but it does not show an automatic conversion event occurring on the Form 4.

When were the reported transactions dated?

Transactions and award entries are dated 09/12/2025 and 09/15/2025, with vesting noted as of 06/15/2025 for a fully vested tranche.