Insider Form 4: Ramaswamy discloses large Class B share disposal at ASST

Rhea-AI Filing Summary

Vivek Ramaswamy, a director of Strive, Inc. (ASST), reported transactions dated 09/12/2025 on Form 4. The filing shows a disposition of 113,877,916 shares of Class B common stock that were directly held by the reporting person, and reports 28,378,826 Class B shares held indirectly by the Ramaswamy 2021 Irrevocable Trust for the benefit of Apoorva Ramaswamy and descendants. The reporting person disclaims beneficial ownership of the trust-held shares except to the extent of pecuniary interest. The form is signed by an attorney-in-fact on behalf of Mr. Ramaswamy on 09/16/2025.

Positive

• Disclosure compliance: Form 4 filed, signed by attorney-in-fact, meeting Section 16 reporting requirements
• Trust transparency: Indirect holdings are identified and the trust relationship is disclosed

Negative

• Large direct disposition: Reported sale/disposition of 113,877,916 Class B shares which could be material to market supply or investor perception
• Missing transaction details: No price, proceeds, or transaction method provided, limiting assessment of financial impact

Insights

Securities Analyst

TL;DR Large direct disposition reported; trust retains significant indirect holdings.

The Form 4 documents a substantial direct sale of Class B shares totaling 113,877,916 shares on 09/12/2025 while leaving 28,378,826 shares in an irrevocable family trust. From a market disclosure standpoint, this is material because insider dispositions of this magnitude can affect supply dynamics and investor perception. The filing also clarifies that the reporting person disclaims beneficial ownership of the trust shares except for any pecuniary interest, which is a standard trustee-disclosure phrasing. No derivative transactions, option grants, or price per-share information are included in the document, and no explicit reason for the disposition is provided in the filing.

Corporate Governance Expert

TL;DR Filing is a routine Section 16 disclosure but shows notable insider selling volume.

This Form 4 satisfies Section 16 reporting requirements and was executed by an attorney-in-fact. The record differentiates between directly held shares and those held indirectly via an irrevocable trust, with the reporting person disclaiming beneficial ownership of the trust assets beyond pecuniary interest. The absence of transaction price, proceeds, or method (open-market vs. private transfer) limits assessment of economic impact. For governance review, the key takeaways are compliance with filing obligations and the maintenance of family-trust holdings that may influence voting and control dynamics.

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

OMB Number:			3235-0287
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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^*

Ramaswamy Vivek

(Last) (First) (Middle)

C/O STEVE ROBERTS

853 NEW JERSEY AVE., SE STE. 200-231

(Street)

WASHINGTON DC 20003

(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)

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

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 B Common Stock								113,877,916(1)	D
Class B Common Stock								28,378,826(2)	I	By Ramaswamy 2021 Irrevocable Trust

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

Explanation of Responses:

1. Includes only securities directly held by Reporting Person.

2. Represents securities held by Ramaswamy 2021 Irrevocable Trust, a trust managed for the benefit of Apoorva Ramaswamy and descendants. The Reporting Person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.

	By: /s/ Stephen Roberts, as Attorney-in-Fact for Vivek Ramaswamy	09/16/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did Vivek Ramaswamy report on the Form 4 for ASST?

The Form 4 reports a disposition of 113,877,916 Class B shares on 09/12/2025 and 28,378,826 Class B shares held indirectly in the Ramaswamy 2021 Irrevocable Trust.

Does the filing state the sale price or proceeds for the shares?

No. The Form 4 content provided does not include any price per share or total proceeds information.

What is the nature of the indirect holdings reported?

The indirect holdings are held by the Ramaswamy 2021 Irrevocable Trust, managed for the benefit of Apoorva Ramaswamy and descendants, with the reporting person disclaiming beneficial ownership except for pecuniary interest.

When was the Form 4 signed and by whom?

The Form 4 was signed by Stephen Roberts as Attorney-in-Fact for Vivek Ramaswamy on 09/16/2025.

Are there any derivative transactions reported in this filing?

No. Table II for derivative securities contains no reported transactions in the provided content.