Jane Street Reports 9.9% Shared Ownership in Strive, Includes Convertible Warrants

Rhea-AI Filing Summary

Jane Street entities disclosed a passive Schedule 13G stake in Strive, Inc. (ASST) representing 9.9% of Class A common stock on a shared basis. The filing shows Jane Street Group, LLC and affiliates collectively report shared voting and dispositive power over 37,024,026 shares, equal to 9.9% of the class based on an adjusted outstanding share count of 370,610,872 that includes 5,785,290 warrants convertible subject to a blocker preventing conversion above 9.99%. Individual Jane Street entities report varying smaller holdings, including 36,896,510 and 17,916 shares. The statement affirms the position is not held to influence control of the issuer and lists New York addresses for the filers.

Positive

• Material stake disclosed: Reporting persons collectively state 9.9% of Class A common stock, providing transparency to the market
• Warrant details disclosed: Filing explains inclusion of 5,785,290 shares acquirable via warrants and notes a conversion blocker that limits conversion above 9.99%
• Passive intent certified: The filers certify the shares are not held to influence control, consistent with Schedule 13G treatment

Negative

• None.

Insights

Securities Analyst

TL;DR: Jane Street reports a non-control, 9.9% aggregated stake in Strive, with convertible warrants capped by a conversion blocker.

The filing is a routine Schedule 13G disclosure showing collective shared voting and dispositive power over 37,024,026 Class A shares, representing 9.9% of an adjusted 370,610,872-share base. The inclusion of 5,785,290 warrant-derived shares in the outstanding share calculation and an explicit blocker limiting conversion above 9.99% are material to calculating potential dilution and voting influence. The certification that holdings are not for control purposes aligns with passive investor reporting standards.

Corporate Governance Expert

TL;DR: Disclosure is complete for Schedule 13G purposes and highlights governance-relevant details about convertible warrants and voting power.

The filing identifies the reporting entities, shared power metrics, and a clear statement that the holdings are not intended to change control. Notably, the conversion blocker on warrants is explicitly disclosed, which clarifies potential changes in voting power if conversion were unrestricted. The signature and authorized signatory are provided for each entity, satisfying procedural compliance requirements for a passive investor filing.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Strive, Inc.

(Name of Issuer)

Class A Common Stock, $0.001 par value per share

(Title of Class of Securities)

862945102

(CUSIP Number)

09/12/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 862945102

1

Names of Reporting Persons

JANE STREET GROUP, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 37,024,026.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 37,024,026.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

37,024,026.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

HC

Comment for Type of Reporting Person: The reported holding includes 5,785,290 shares held in warrants convertible to Class A Common Stock with a blocker preventing conversion that would cause the holder to exceed 9.99%. The outstanding shares includes (1) 364,825,582 Class A common shares outstanding as of September 12, 2025 as indicated in the registration statement published on September 15, 2025; and (2) 5,785,290 shares acquirable by Jane Street Global Trading, LLC through conversion of warrants held, up to the conversion limit for a total of 370,610,872 shares outstanding.

SCHEDULE 13G

CUSIP No. 862945102

1

Names of Reporting Persons

Jane Street Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 17,916.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 17,916.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

17,916.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: The outstanding shares includes (1) 364,825,582 Class A common shares outstanding as of September 12, 2025 as indicated in the registration statement published on September 15, 2025; and (2) 5,785,290 shares acquirable by Jane Street Global Trading, LLC through conversion of warrants held, up to the conversion limit for a total of 370,610,872 shares outstanding.

SCHEDULE 13G

CUSIP No. 862945102

1

Names of Reporting Persons

Jane Street Options, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 109,600.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 109,600.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

109,600.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.0 %

12

Type of Reporting Person (See Instructions)

BD

Comment for Type of Reporting Person: The outstanding shares includes (1) 364,825,582 Class A common shares outstanding as of September 12, 2025 as indicated in the registration statement published on September 15, 2025; and (2) 5,785,290 shares acquirable by Jane Street Global Trading, LLC through conversion of warrants held, up to the conversion limit for a total of 370,610,872 shares outstanding.

SCHEDULE 13G

CUSIP No. 862945102

1

Names of Reporting Persons

Jane Street Global Trading, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 36,896,510.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 36,896,510.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

36,896,510.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.9 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: The reported holding includes 5,785,290 shares held in warrants convertible to Class A Common Stock with a blocker preventing conversion that would cause the holder to exceed 9.99%. The outstanding shares includes (1) 364,825,582 Class A common shares outstanding as of September 12, 2025 as indicated in the registration statement published on September 15, 2025; and (2) 5,785,290 shares acquirable by Jane Street Global Trading, LLC through conversion of warrants held, up to the conversion limit for a total of 370,610,872 shares outstanding.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Strive, Inc.
(b)	Address of issuer's principal executive offices: 100 CRESCENT CT, 7TH FLOOR, DALLAS, TEXAS, 75201.
Item 2.
(a)	Name of person filing: Jane Street Group, LLC; Jane Street Capital, LLC; Jane Street Options, LLC; Jane Street Global Trading, LLC
(b)	Address or principal business office or, if none, residence: Jane Street Group, LLC 250 Vesey Street 6th Floor New York, NY 10281 Jane Street Capital, LLC 250 Vesey Street 6th Floor New York, NY 10281 Jane Street Options, LLC 250 Vesey Street 6th Floor New York, NY 10281 Jane Street Global Trading, LLC 250 Vesey Street 6th Floor New York, NY 10281
(c)	Citizenship: See Item 4 of Cover Page
(d)	Title of class of securities: Class A Common Stock, $0.001 par value per share
(e)	CUSIP No.: 862945102
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 37024026
(b)	Percent of class: 9.9 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 37024026
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 37024026
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Subsidiary Jane Street Capital, LLC Jane Street Global Trading, LLC Jane Street Options, LLC
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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.

JANE STREET GROUP, LLC

Signature:	Jeremy Kahn
Name/Title:	Jeremy Kahn (Authorized Signatory)
Date:	09/19/2025

Jane Street Capital, LLC

Signature:	Jeremy Kahn
Name/Title:	Jeremy Kahn (Authorized Signatory)
Date:	09/19/2025

Jane Street Options, LLC

Signature:	Jeremy Kahn
Name/Title:	Jeremy Kahn (Authorized Signatory)
Date:	09/19/2025

Jane Street Global Trading, LLC

Signature:	Jeremy Kahn
Name/Title:	Jeremy Kahn (Authorized Signatory)
Date:	09/19/2025

FAQ

What stake does Jane Street report in Strive, Inc. (ASST)?

Jane Street entities report shared beneficial ownership of 37,024,026 Class A shares, representing 9.9% of the class on an adjusted basis.

Do the filings include convertible securities for ASST?

Yes. The filing includes 5,785,290 shares acquirable through warrants held by Jane Street Global Trading, LLC, included in the adjusted outstanding share count.

Is Jane Street claiming control of Strive (ASST)?

No. The filing contains a certification that the securities were not acquired and are not held to change or influence control of the issuer.

What limit affects the conversion of warrants reported in the filing?

A blocker prevents conversion of warrants that would cause the holder to exceed 9.99% ownership.

Which Jane Street entities filed the Schedule 13G for ASST?

The filers are Jane Street Group, LLC, Jane Street Capital, LLC, Jane Street Options, LLC, and Jane Street Global Trading, LLC.