ASST Insider Filing: Gaubert Reports Major Share Reclassification and LLC Holdings
Rhea-AI Filing Summary
Michael Gaubert, Executive Chairman and director of Strive, Inc. (ticker: ASST), reported transactions dated 09/12/2025 showing a mix of acquisitions, dispositions and a corporate reclassification recorded on Form 4. The report shows an indirect acquisition of 1,000,000 Class B shares held by Asset Entities Holdings, LLC at $0 and an indirect beneficial ownership of 1,250,000 Class B shares following the transaction. The filing also records a reclassification under Rule 16b-7 that redesignated Original Class B shares to Class A and Original Class A to Class B, with entries reflecting 1,250,000 shares reclassified and smaller direct movements of 20,567 shares between classes. The reporting person disclaims beneficial ownership except for pecuniary interest; the form is signed by an attorney-in-fact on 09/16/2025.
Positive
- Large indirect position reported: Asset Entities Holdings, LLC is shown holding 1,250,000 Class B shares, indicating significant stake recorded of record.
- Reclassification documented under Rule 16b-7: The filing clearly explains the redesignation between Original Class A and Original Class B shares, providing transparency on the share-class changes.
Negative
- Significant dispositions recorded: The filing shows a reported disposition entry of 1,250,000 Class B shares (code J) which reduces the reporting person’s direct holdings to zero for that entry.
- Beneficial ownership disclaimed: The reporting person disclaims beneficial ownership of shares held of record by the LLC, which may limit clarity about direct control or voting intent.
Insights
TL;DR: Large share reclassification and related transfers were reported; ownership remains primarily indirect via an LLC.
The Form 4 documents sizable non-derivative and derivative-class movements dated 09/12/2025, including an indirect acquisition of 1,000,000 Class B shares recorded at $0 and an indicated indirect beneficial holding of 1,250,000 Class B shares held of record by Asset Entities Holdings, LLC. The filing also records reclassification activity pursuant to Rule 16b-7 converting between the issuer's Class A and Class B shares, producing matched entries across both classes. The reporting person explicitly disclaims direct beneficial ownership beyond pecuniary interest, which is important for interpreting control and voting implications. No cash purchase price is reported for the primary 1,000,000 entry (priced at $0) and the filing is signed by an attorney-in-fact.
TL;DR: The filing reflects complex ownership structuring via an LLC and a Rule 16b-7 reclassification, with standard reporting disclosures and disclaimers.
The report highlights that shares are held of record by Asset Entities Holdings, LLC and that the reporting person disclaims beneficial ownership other than pecuniary interest, which affects how Section 16 ownership is interpreted. The Rule 16b-7 redesignation between Class A and Class B stock is documented with corresponding entries, and smaller direct transfers of 20,567 shares are recorded for each class. The signature by an attorney-in-fact is included, completing the required certification. From a governance perspective, this filing documents structural ownership arrangements rather than an unambiguous direct purchase or sale by the named individual.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class A Common Stock | 1,000,000 | $0.00 | -- |
| Conversion | Class B Common Stock | 1,000,000 | $0.00 | -- |
| Other | Class B Common Stock | 1,250,000 | $0.00 | -- |
| Other | Class B Common Stock | 20,567 | $0.00 | -- |
| Other | Class A Common Stock | 1,250,000 | $0.00 | -- |
| Other | Class A Common Stock | 20,567 | $0.00 | -- |
Footnotes (1)
- Shares held of record by Asset Entities Holdings, LLC. The reporting person disclaims beneficial ownership of the shares except to the extent of such person's pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Pursuant to a reclassification exempt under Rule 16b-7, each share of the issuer's Class B Common Stock, $0.0001 par value per share (the "Original Class B Common Stock"), was redesignated as Class A Common Stock, $0.001 par value per share, and each share of the issuer's Class A Common Stock, $0.0001 par value per share (the "Original Class A Common Stock"), was redesignated as Class B Common Stock, $0.001 par value per share. The Original Class A Common Stock was convertible into the Original Class B Common Stock on a 1-for-1 basis (a) at the holder's option or (b) upon certain transfers of such shares, and had no expiration date.
FAQ
What transactions did Michael Gaubert report on Form 4 for ASST?
What is the Rule 16b-7 reclassification noted in the ASST Form 4?
Who signed the Form 4 and when was it signed?
