Vivek Ramaswamy keeps multimillion-share stake in Strive (ASST)
Rhea-AI Filing Summary
Strive, Inc. (ASST) received an Amendment No. 2 to a Schedule 13D from Vivek Ramaswamy and Virtuous Industries LLC updating their ownership in Strive’s Class A Common Stock. Ramaswamy reports beneficial ownership of 5,693,897 Class A shares on an as-converted basis, representing 6.6% of the Class A Common Stock. Virtuous Industries LLC reports 106,245 shares, representing 0.1% of the class, also assuming conversion of Class B into Class A shares. The amendment states that the update is due to Strive’s ongoing issuance of additional Class A shares under its at-the-market equity offering program and notes that the reporting persons have not effected transactions in the Class A stock during the 60 days preceding the event date.
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Key Figures
Shares beneficially owned by Vivek Ramaswamy: 5,693,897 shares of Class A Common Stock
Ownership percentage of class by Vivek Ramaswamy: 6.6%
Shares beneficially owned by Virtuous Industries LLC: 106,245 shares of Class A Common Stock
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5 metrics
Shares beneficially owned by Vivek Ramaswamy
5,693,897 shares of Class A Common Stock
Assumes conversion of Class B Common Stock into Class A Common Stock
Ownership percentage of class by Vivek Ramaswamy
6.6%
Percent of Strive, Inc. Class A Common Stock represented by shares beneficially owned
Shares beneficially owned by Virtuous Industries LLC
106,245 shares of Class A Common Stock
Assumes conversion of Class B Common Stock into Class A Common Stock
Ownership percentage of class by Virtuous Industries LLC
0.1%
Percent of Strive, Inc. Class A Common Stock represented by shares beneficially owned
Date of event requiring filing
08/24/2026
Date of event which triggered the Schedule 13D/A Amendment No. 2
Key Terms
beneficially owned, at-the-market equity offering program, Schedule 13D, Class B Common Stock
4 terms
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 5,693,897.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
at-the-market equity offering program financial
"as a result of the Issuer's ongoing issuance of additional shares of Class A Common Stock by the Issuer pursuant to the Issuer's at-the-market equity offering program"
A program that lets a company sell newly issued shares directly into the open market at whatever the current trading price is, usually through a broker, and do so gradually over time instead of all at once. Investors care because it can dilute existing ownership and put steady selling pressure on the stock price, while giving the company a flexible, on-demand way to raise cash — like adding small amounts of water to a pool rather than dumping in a bucket.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
Class B Common Stock financial
"Assumes conversion of Class B Common Stock (as defined below) into Class A Common Stock."
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.
FAQ
What percentage of Strive, Inc. (ASST) does Vivek Ramaswamy report owning in this Schedule 13D/A?
Vivek Ramaswamy reports beneficial ownership of 5,693,897 Class A shares of Strive, Inc., representing 6.6% of the Class A Common Stock, assuming conversion of Class B Common Stock into Class A Common Stock.
Why was this Schedule 13D/A Amendment No. 2 filed for Strive, Inc. (ASST)?
The amendment was filed to update the percentage of class information for the reporting persons as a result of Strive, Inc.’s ongoing issuance of additional Class A Common Stock under its at-the-market equity offering program.
Did Vivek Ramaswamy or Virtuous Industries LLC trade Strive, Inc. (ASST) stock in the last 60 days?
The reporting persons state that, except as otherwise described in the statement, they have not effected any transactions in Strive, Inc. Class A Common Stock during the 60 days preceding the date of the filing.
What class of securities of Strive, Inc. (ASST) is covered by this Schedule 13D/A?
The filing relates to Strive, Inc.’s Class A Common Stock, $0.001 par value. The reported beneficial ownership figures assume conversion of Class B Common Stock into Class A Common Stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
