Ashish Arora (CRCT) reports 26.7M shares; 33.20% on stated basis

Rhea-AI Filing Summary

Cricut, Inc. Schedule 13G/A amendment shows Ashish Arora reporting beneficial ownership of 26,724,051 shares of the issuer's common stock as of March 31, 2026. The filing breaks this total into 24,104,362 shares with sole voting/dispositive power and 2,619,689 shares with shared voting/dispositive power.

The filing lists 1,248,861 shares of Class A common stock held of record by Mr. Arora, 22,455,732 shares of Class B common stock held of record by Mr. Arora, and 399,769 shares of Class A common stock subject to options exercisable within 60 days of March 31, 2026. It states the 33.20% figure is calculated using 80,492,846 shares as a base (including convertible Class B and exercisable options); the filing also notes that, assuming conversion of all Class B common stock, the percentage would equal 12.71%.

Insights

Corporate Governance Analyst

Amendment documents a concentrated founder stake with both direct and indirect holdings.

The filing quantifies Mr. Arora's ownership across record holdings, trust holdings, spouse holdings, and near-term exercisable options, showing 33.20% on the stated calculation basis and a separate convert‑all basis of 12.71%. The schedule lists voting and dispositive powers separately, with 24,104,362 shares under sole power and 2,619,689 shares under shared power as of March 31, 2026.

Key dependencies include the conversion treatment of Class B shares and the exercise window for options (exercisable within 60 days). Subsequent filings may clarify any voting agreement or additional conversions that change the effective percentage.

Securities Compliance Counsel

The amendment updates disclosure elements required under beneficial‑ownership reporting rules.

Information shown attributes holdings across direct record ownership and entities for which Mr. Arora and his spouse serve as trustees, and it explicitly links option exercisability timing to the share count. The filing cites its percentage calculation method, using a specific denominator of 80,492,846 shares.

Compliance implications are procedural: the Schedule clarifies power and counts; any investor impact depends on conversion mechanics and whether additional exercises or conversions occur after the stated date.

Key Figures

Beneficial ownership total: 26,724,051 shares Sole voting/dispositive power: 24,104,362 shares Shared voting/dispositive power: 2,619,689 shares +5 more

8 metrics

Beneficial ownership total 26,724,051 shares aggregate reported in Row 9 as of March 31, 2026

Sole voting/dispositive power 24,104,362 shares Rows 5 and 7 (sole power) as of March 31, 2026

Shared voting/dispositive power 2,619,689 shares Rows 6 and 8 (shared power) as of March 31, 2026

Reported percentage (filing basis) 33.20% Calculated using a base of 80,492,846 shares as stated in the filing

Class A shares held of record 1,248,861 shares Direct Class A holdings reported for Mr. Arora

Class B shares held of record 22,455,732 shares Direct Class B holdings reported for Mr. Arora

Options exercisable 399,769 shares Class A common stock subject to options exercisable within 60 days of March 31, 2026

Percent if all Class B convert 12.71% Hypothetical assuming conversion of all Class B common stock into Class A

Key Terms

beneficially owned, Class B common stock, exercisable within 60 days, sole voting power

4 terms

beneficially owned regulatory

"The shares set forth in Row 9 consist of (a) 1,248,861 shares of Class A common stock held of record"

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.

Class B common stock financial

"22,455,732 shares of Class B common stock held of record by Mr. Arora"

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.

exercisable within 60 days regulatory

"399,769 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days"

sole voting power regulatory

"Sole Voting Power 24,104,362.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 4)

Cricut, Inc.

(Name of Issuer)

Class A Common Stock, $0.001 par value

(Title of Class of Securities)

22658D100

(CUSIP Number)

03/31/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 22658D100

1

Names of Reporting Persons

Ashish Arora

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

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 24,104,362.00
6	Shared Voting Power 2,619,689.00
7	Sole Dispositive Power 24,104,362.00
8	Shared Dispositive Power 2,619,689.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,724,051.00

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)

33.20 %

12

Type of Reporting Person (See Instructions)

IN

Comment for Type of Reporting Person: The shares set forth in Rows 5 and 7 consist of (a) 1,248,861 shares of Class A common stock held of record by Mr. Arora; (b) 22,455,732 shares of Class B common stock held of record by Mr. Arora; and (c) 399,769 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days of March 31, 2026. The shares set forth in Rows 6 and 8 consist of (a) 456,839 shares of Class B common stock held of record by Mr. Arora's spouse; (b) 1,532,556 shares of Class B common stock held of record by the Rushil Arora Trust dated January 20, 2021, for which Mr. Arora and his spouse serve as trustees; and (c) 630,294 shares of Class B common stock held of record by the Arora Trust, for which Mr. Arora and his spouse serve as trustees. The shares set forth in Row 9 consist of (a) 1,248,861 shares of Class A common stock held of record by Mr. Arora; (b) 22,455,732 shares of Class B common stock held of record by Mr. Arora; (c) 399,769 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days of March 31, 2026; (d) 456,839 shares of Class B common stock held of record by Mr. Arora's spouse; (e) 1,532,556 shares of Class B common stock held of record by the Rushil Arora Trust dated January 20, 2021, for which Mr. Arora and his spouse serve as trustees; and (f) 630,294 shares of Class B common stock held of record by the Arora Trust, for which Mr. Arora and his spouse serve as trustees. The percentage set forth in Row 11 is calculated based on 80,492,846 shares of Class A common stock of the Issuer, which includes (a) 55,017,656 shares of Class A common stock outstanding as of March 31, 2026, (b) 25,075,421 shares of convertible Class B common stock beneficially owned by Mr. Arora, and (c) 399,769 shares of Class A common stock subject to stock option awards held by Mr. Arora exercisable within 60 days of March 31, 2026, and assumes that only shares of convertible Class B common stock beneficially owned by Mr. Arora convert to Class A common stock. Assuming the conversion of all Class B common stock into Class A common stock, the percentage in row 11 would equal 12.71%.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Cricut, Inc.
(b)	Address of issuer's principal executive offices: 10855 South River Front Parkway South Jordan, UT 84095
Item 2.
(a)	Name of person filing: Ashish Arora
(b)	Address or principal business office or, if none, residence: c/o Cricut, Inc. 10855 South River Front Parkway South Jordan, UT 84095
(c)	Citizenship: Reference is made to the response to Row 4 of this Schedule 13G/A (this "Schedule"), which responses are incorporated herein by reference.
(d)	Title of class of securities: Class A Common Stock, $0.001 par value
(e)	CUSIP No.: 22658D100
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: Reference is made to the response to Row 9 on page 2 of this Schedule, which response is incorporated herein by reference.
(b)	Percent of class: Reference is made to the response to Row 11 on page 2 of this Schedule, which response is incorporated herein by reference.
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Reference is made to the response to Row 5 on page 2 of this Schedule, which response is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: Reference is made to the response to Row 6 on page 2 of this Schedule, which response is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: Reference is made to the response to Row 7 on page 2 of this Schedule, which response is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: Reference is made to the response to Row 8 on page 2 of this Schedule, which response is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
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.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.	Certifications:
	Not Applicable

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.

Ashish Arora

Signature:	/s/ Ashish Arora
Name/Title:	Ashish Arora
Date:	05/12/2026

FAQ

What stake does Ashish Arora report in CRCT?

Mr. Arora reports beneficial ownership of 26,724,051 shares. The figure aggregates sole and shared voting/dispositive powers and option interests exercisable within 60 days of March 31, 2026.

How is the 33.20% ownership percentage calculated?

The filing calculates 33.20% based on a denominator of 80,492,846 shares. That base includes outstanding Class A shares, convertible Class B shares beneficially owned by Mr. Arora, and options exercisable within 60 days of March 31, 2026.

What holdings are exercisable within 60 days?

The filing states 399,769 shares of Class A common stock are subject to option awards exercisable within 60 days of March 31, 2026. Those options are included in the beneficial‑ownership calculation described in the schedule.

How would conversion of Class B shares affect the percentage?

Assuming conversion of all Class B common stock into Class A, the filing states the percentage would equal 12.71%. The schedule distinguishes that hypothetical conversion from the 33.20% calculation basis.

Which family or trust holdings are disclosed?

The schedule discloses 456,839 Class B shares held by Mr. Arora's spouse, 1,532,556 Class B shares in the Rushil Arora Trust, and 630,294 Class B shares in the Arora Trust, for which Mr. Arora and his spouse serve as trustees.