Boost Run (BRUN) CEO holds 29,533,018 convertible Class B shares
Rhea-AI Filing Summary
Boost Run Inc. filed an initial statement of beneficial ownership showing that Chief Executive Officer and director Karos Andrew directly holds 29,533,018 shares of Class B Common Stock. Each Class B share is convertible into one share of Class A Common Stock under the terms described.
The filing lists this large Class B position, which currently represents Andrew’s direct holding, and does not report any recent purchases or sales. The Class B shares automatically convert into Class A shares upon certain events, including specified transfers, his ceasing to serve as an executive or director, or his beneficial ownership falling below 40% of his initial Class B stake, subject to stated exceptions.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Karos Andrew
Role
Chief Executive Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class B Common Stock, par value $0.0001 per share | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock, par value $0.0001 per share — 29,533,018 shares (Direct)
Footnotes (1)
- F1. Each share of Class B Common Stock is convertible into one share of Class A Common Stock. Shares of Class B common stock held by the Reporting Person will automatically convert into an equal number of shares of Class A common stock upon (i) any sale, assignment, transfer or other disposition of such shares, other than certain permitted transfers, (ii) his cessation as an executive officer or director of the Company, or (iii) the date on which he ceases to beneficially own at least 40% of the shares of Class B common stock he held immediately following the closing, in each case subject to specified exceptions.
Key Figures
Class B shares owned: 29,533,018 shares
Underlying Class A shares: 29,533,018 shares
Exercise price: $0.0000 per share
+1 more
4 metrics
Class B shares owned
29,533,018 shares
Direct beneficial ownership reported on Form 3
Underlying Class A shares
29,533,018 shares
Each Class B share convertible into one Class A share
Exercise price
$0.0000 per share
Conversion/exercise price for Class B into Class A
Ownership status
More-than-10% owner
CEO, director, and ten percent owner designation
Key Terms
Class B Common Stock, Class A Common Stock, convertible, beneficially own
4 terms
Class B Common Stock financial
"Each share of Class B Common Stock is convertible into one share of 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.
Class A Common Stock financial
"underlying_security_title": "Class A Common Stock, par value $0.0001 per share""
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.
convertible financial
"Each share of Class B Common Stock is convertible into one share of Class A Common Stock."
A convertible is a type of investment that starts as a loan or preferred stake (like a bond or preferred share) but can be exchanged for common shares of the company at a set price or under certain conditions. It matters to investors because it offers a mix of steady income and downside protection like a loan, plus the upside of stock ownership if the company does well—similar to holding a coupon that you can trade for a full ticket if the event becomes valuable.
beneficially own financial
"the date on which he ceases to beneficially own at least 40% of the shares of Class B common stock he held immediately following the closing"
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does Boost Run (BRUN) CEO Karos Andrew report on this Form 3?
Karos Andrew reports direct beneficial ownership of 29,533,018 shares of Boost Run Class B Common Stock. This is an initial disclosure of his equity stake as CEO, director, and more-than-10% owner, rather than a report of new buying or selling activity.
Does this Boost Run (BRUN) Form 3 show any insider buying or selling?
The Form 3 does not show insider buying or selling; it records an existing holding. The transaction section is characterized as a holding entry, with no buy or sell transactions and 29,533,018 Class B shares reported as owned following the reported position.
What triggers automatic conversion of Boost Run (BRUN) Class B to Class A?
Automatic conversion to Class A occurs upon certain dispositions, loss of executive or director status, or the CEO ceasing to beneficially own at least 40% of his initial Class B stake. These events cause Class B shares to convert into an equal number of Class A shares.
Is the Boost Run (BRUN) CEO’s Class B ownership direct or indirect?
The CEO’s reported ownership of Class B shares is direct according to the filing. The ownership code is shown as direct, and there is no indication in the provided footnotes that the shares are held through a separate trust, partnership, or other related entity.