Strive, Inc. (ASST) investors lift holdings after 1-for-20 reverse split

Rhea-AI Filing Summary

Strive, Inc. investors filed an amended Schedule 13D to update their ownership in the company’s Class A common stock. The amendment reflects a reverse stock split effective as of February 6, 2026, in which every 20 shares of both Class A and Class B stock converted into one share.

Following the split, Vivek Ramaswamy reports beneficial ownership of 5,693,897 shares, or 8.8% of the Class A common stock on an as-converted basis, while the Ramaswamy 2021 Irrevocable Trust reports 1,418,942 shares, or 2.3%. Several other entities and individuals, including Matthew Cole and Benjamin Pham, report smaller stakes.

The amendment also records additional open‑market purchases of Class A shares. On February 13, 2026, Logan Beirne acquired 11,500 shares. On February 17 and 18, 2026, Benjamin Pham acquired 7,900 and 6,214 shares, respectively, at prices ranging from $8.06 to $8.72 per share through brokerage accounts.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 4)

Strive, Inc.

(Name of Issuer)

Class A Common Stock, $0.001 par value

(Title of Class of Securities)

862945300

(CUSIP Number)

Logan Beirne
Strive, Inc, 200 Crescent Court, Suite 1400
Dallas, TX, 75201
(872)-270-5406

Derek Dostal
Davis Polk & Wardwell LLP, 450 Lexington Avenue
New York, NY, 10017
212-450-4000

Evan Rosen
Davis Polk & Wardwell LLP, 450 Lexington Avenue
New York, NY, 10017
212-450-4000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

03/16/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Vivek Ramaswamy

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 5,693,897.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 5,693,897.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

5,693,897.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

8.8 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Ramaswamy 2021 Irrevocable Trust

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 1,418,942.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 1,418,942.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

1,418,942.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

2.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Matthew Cole

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 416,352.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 416,352.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

416,352.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.7 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

2025-10 Investments LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 3,704.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 3,704.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

3,704.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.01 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Logan Beirne

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 36,983.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 36,983.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

36,983.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.1 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Virtuous Industries LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 106,245.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 106,245.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

106,245.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.2 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Benjamin Pham

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 232,264.10
8	Shared Voting Power 0.00
9	Sole Dispositive Power 232,264.10
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

232,264.10

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.4 %

14

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

LT&C LLC

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 18,336.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 18,336.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

18,336.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.03 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

CUSIP Number(s): 862945300

1

Name of reporting person

Liberty Pier Foundation

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 184,596.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 184,596.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

184,596.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

0.3 %

14

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person:

Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock. See Item 5 below.

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Class A Common Stock, $0.001 par value
(b)	Name of Issuer: Strive, Inc.
(c)	Address of Issuer's Principal Executive Offices: 200 Crescent Court, Suite 1400, Dallas, TEXAS , 75201.
Item 1 Comment: This Amendment No. 4 (this "Amendment") amends and supplements the Schedule 13D filed by the Reporting Persons on September 12, 2025 (the "Original Schedule 13D" and, as amended and supplemented by Amendment No. 1 to the Original Schedule 13D filed on November 17, 2025 ("Amendment No. 1"), Amendment No. 2 to the Original Schedule 13D filed on December 17, 2025 ("Amendment No. 2"), Amendment No. 3 to the Original Schedule 13D filed on January 22, 2026 ("Amendment No. 3") and this Amendment, (the "Schedule 13D"). This Amendment is being filed to reflect (i) updated percentage of class of securities information of the Reporting Persons as a result of the reverse stock split effective as of February 6, 2026 where every 20 shares of the Class A Common Stock issued and outstanding and every 20 shares of the Class B Common Stock issued and outstanding were automatically converted into one issued and outstanding share of Class A Common Stock and one issued and outstanding share of Class B Common Stock, respectively and (ii) additional acquisitions of shares of Class A Common Stock by certain Reporting Persons. Except as specifically provided herein, this Amendment does not modify any of the information previously reported on the Schedule 13D. Capitalized terms not otherwise defined in this Amendment shall have the same meanings ascribed thereto in the Original Schedule 13D. Information with respect to each of the Reporting Persons is given solely by such Reporting Person, and no Reporting Person assumes responsibility for the accuracy or completeness of the information concerning the other Reporting Persons, except as otherwise provided in Rule 13d-1(k).
Item 5.	Interest in Securities of the Issuer
(a)	Item 5(a) to the Original Schedule 13D is amended and restated in its entirety as follows: See Items 7-13 of the cover pages to this Amendment and Item 2 of the Schedule 13D (as amended by this Amendment).
(b)	Item 5(b) to the Original Schedule 13D is amended and restated in its entirety as follows: See Items 7-13 of the cover pages to this Amendment and Item 2 of the Schedule 13D (as amended by this Amendment).
(c)	Item(c) to the Original Schedule 13D is hereby amended and supplemented by adding the following at the end thereof: Since the filing of Amendment No. 3, Benjamin Pham and Logan Beirne acquired shares of Class A Common Stock. On February 13, 2026, Logan acquired 11,500 shares of Class A Common Stock. On February 17-18, 2026, Benjamin acquired 7,900 and 6,214 shares of Class A Common Stock, respectively. Such transactions were effected through brokerage accounts at share prices ranging from $8.06 to $8.72.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Vivek Ramaswamy

Signature:	/s/ Vivek Ramaswamy
Name/Title:	Vivek Ramaswamy
Date:	03/26/2026

Ramaswamy 2021 Irrevocable Trust

Signature:	/s/ Brandon Guillemin
Name/Title:	Brandon Guillemin / Trust Officer of Rockefeller Trust Company of Delaware
Date:	03/26/2026

Matthew Cole

Signature:	/s/ Matthew Cole
Name/Title:	Matthew Cole
Date:	03/26/2026

2025-10 Investments LLC

Signature:	/s/ Benjamin Pham
Name/Title:	Benjamin Pham
Date:	03/26/2026

Logan Beirne

Signature:	/s/ Logan Beirne
Name/Title:	Logan Beirne
Date:	03/26/2026

Virtuous Industries LLC

Signature:	/s/ Vivek Ramaswamy
Name/Title:	Vivek Ramaswamy
Date:	03/26/2026

Benjamin Pham

Signature:	/s/ Benjamin Pham
Name/Title:	Benjamin Pham
Date:	03/26/2026

LT&C LLC

Signature:	/s/ Anastasia Cole
Name/Title:	Anastasia Cole
Date:	03/26/2026

Liberty Pier Foundation

Signature:	/s/ Anastasia Cole
Name/Title:	Anastasia Cole
Date:	03/26/2026

FAQ

What does the latest Schedule 13D/A for Strive, Inc. (ASST) report?

The amendment updates major holders’ ownership in Strive, Inc. after a reverse stock split and recent share purchases. It restates beneficial ownership percentages and documents additional Class A common stock acquired by certain reporting persons in February 2026 at specified market prices.

How did Strive, Inc. (ASST) change its share structure in February 2026?

Strive implemented a reverse stock split effective February 6, 2026, at a 1-for-20 ratio. Every 20 shares of Class A and Class B common stock automatically converted into one share of the same class, reducing the share count and prompting updated ownership percentages.

How many Strive, Inc. (ASST) shares does Vivek Ramaswamy now beneficially own?

Vivek Ramaswamy reports beneficial ownership of 5,693,897 Class A shares, representing 8.8% of the class. These figures assume conversion of his Class B common stock into Class A common stock, as described in the amended Schedule 13D filing.

What is the Ramaswamy 2021 Irrevocable Trust’s stake in Strive, Inc. (ASST)?

The Ramaswamy 2021 Irrevocable Trust reports beneficial ownership of 1,418,942 Class A shares, or 2.3% of the class. This percentage also assumes conversion of associated Class B common stock into Class A common stock under the company’s capital structure.

Which Strive, Inc. (ASST) insiders recently bought additional Class A shares?

Logan Beirne and Benjamin Pham recently acquired extra Class A shares. Beirne purchased 11,500 shares on February 13, 2026, while Pham bought 7,900 and 6,214 shares on February 17 and 18, at prices ranging from $8.06 to $8.72 per share.

What ownership stake does Matthew Cole report in Strive, Inc. (ASST)?

Matthew Cole reports beneficial ownership of 416,352 Class A shares, equal to 0.7% of the class. Like other reporting persons, his percentage interest is calculated assuming conversion of his Class B common stock into Class A common stock.