ASST CFO settles RSUs; shares withheld for taxes
Strive, Inc. director and CFO Benjamin Pham reported compensation-related equity activity, not open-market trading.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Form Type
4
Rhea-AI Filing Summary
Strive, Inc. director and CFO Benjamin Pham reported compensation-related equity activity, not open-market trading. On June 30, he exercised 11,329 Restricted Stock Units into an equal number of shares of Class B Common Stock, reflecting routine vesting.
To cover tax obligations from this vesting, 4,267 shares were withheld by the company, a non-market “F” code tax-withholding disposition. After these transactions, he directly held 236,558 shares of Class B Common Stock and 79,305 Restricted Stock Units, indicating he retains a substantial equity position.
Insider Trade Summary
22,658 shares exercised/converted
Exercise
3 txns
Insider
Pham Benjamin
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 11,329 | $0.00 | $0.00 |
| Exercise | Class B Common Stock | 11,329 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Class B Common Stock | 4,267 | $10.91 | $47K |
Holdings After Transaction:
Restricted Stock Units — 79,305 contracts (Direct);
Class B Common Stock — 232,291 contracts (Direct)
Footnotes (4)
- F1. 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.
- F2. 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.
- F3. Represents the settlement of Restricted Stock Units into shares of Class B Common Stock. The Reporting Person did not voluntarily sell any shares of Class A Common Stock or Class B Common Stock in connection with the transactions reported herein.
- F4. Represents the withholding of shares by the Registrant solely to satisfy the Reporting Person's tax withholding obligations in connection with the vesting and settlement of the Restricted Stock Units. The Reporting Person did not voluntarily sell any shares of Class B Common Stock or Class A Common Stock in connection with the transactions reported herein.
Key Figures
RSUs vested and settled: 11,329 units
Shares withheld for taxes: 4,267 shares
Class B shares held after: 236,558 shares
+3 more
6 metrics
RSUs vested and settled
11,329 units
Restricted Stock Units converted into Class B Common Stock on June 30
Shares withheld for taxes
4,267 shares
Withholding to satisfy tax obligations on RSU vesting
Class B shares held after
236,558 shares
Direct holdings of Class B Common Stock following transactions
RSUs remaining after
79,305 units
Restricted Stock Units outstanding after June 30 activity
Total derivative exercises
22,658 units
Aggregate derivative exercise shares from two M-code transactions
Tax-withholding transaction price
$10.91 per share
Value used for tax-withholding disposition of 4,267 shares
Key Terms
Restricted Stock Units, Class B Common Stock, Class A Common Stock, tax withholding obligations, +1 more
5 terms
Restricted Stock Units financial
"The Restricted Stock Units vest as follows: 25% vests on the first anniversary..."
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.
Class B Common Stock financial
"Each share of Class B Common Stock of the Registrant, automatically and without further action..."
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"is converted into one share of Class A Common Stock, upon the occurrence of a Transfer..."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding obligations financial
"Represents the withholding of shares by the Registrant solely to satisfy the Reporting Person's tax withholding obligations..."
derivative security financial
"transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider equity activity did ASST CFO Benjamin Pham report?
Benjamin Pham reported routine compensation-related equity activity, including vesting of 11,329 Restricted Stock Units into Class B Common Stock and associated tax withholding. These transactions involved no open-market buying or selling and reflect standard equity compensation mechanics tied to his employment.
What was the size of the tax withholding in the ASST CFO’s equity event?
The company withheld 4,267 shares of Class B Common Stock to satisfy Benjamin Pham’s tax obligations arising from Restricted Stock Unit vesting. This is coded as an “F” transaction, meaning a tax-withholding disposition, not an open-market sale initiated by the insider.
How many Restricted Stock Units vested for Strive (ASST) CFO Benjamin Pham?
A total of 11,329 Restricted Stock Units vested and were settled into the same number of Class B Common shares. Vesting follows a schedule where 25% vests after one year and the remainder in 12 quarterly installments, contingent on continued employment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
