Lite Strategy, Inc. (LITS) investor reports full exit and 0% stake
Rhea-AI Filing Summary
Alexander Schornstein reports that he no longer owns any common stock of Lite Strategy, Inc. He previously filed as a beneficial owner of the company’s common stock but has now reduced his holdings to zero.
On or about June 30, 2026, he liquidated all of his shares and, as of that date, ceased to be a beneficial owner. His beneficial ownership is listed as 0 shares, or 0.00% of the class, based on 34,025,200 shares of common stock issued and outstanding as referenced in a Form 10-Q dated May 13, 2026. He reports no sole or shared voting or dispositive power over any Lite Strategy, Inc. shares.
Positive
- None.
Negative
- None.
Key Figures
Shares beneficially owned: 0 shares
Percent of class owned: 0.00%
Shares outstanding: 34,025,200 shares
+5 more
8 metrics
Shares beneficially owned
0 shares
Amount beneficially owned by Alexander Schornstein as of June 30, 2026
Percent of class owned
0.00%
Percentage of Lite Strategy, Inc. common stock class held by Alexander Schornstein
Shares outstanding
34,025,200 shares
Common stock issued and outstanding as referenced from Form 10-Q dated May 13, 2026
Sole voting power
0 shares
Shares for which Alexander Schornstein has sole power to vote or direct the vote
Shared voting power
0 shares
Shares for which Alexander Schornstein has shared power to vote or direct the vote
Sole dispositive power
0 shares
Shares for which he has sole power to dispose or direct the disposition
Shared dispositive power
0 shares
Shares for which he has shared power to dispose or direct the disposition
Cessation date as beneficial owner
June 30, 2026
Date on or about which all Lite Strategy, Inc. shares were liquidated
Key Terms
beneficial owner, Sole Voting Power, Shared Dispositive Power, Percent of class, +1 more
5 terms
beneficial owner regulatory
"As of June 30, 2026, the respondent is no longer a beneficial owner of the Company."
A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.
Sole Voting Power regulatory
"5 | Sole Voting Power 0.00 6 | Shared Voting Power 0.00"
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.
Percent of class financial
"(b) | Percent of class: 0.00%"
Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.
CUSIP No. financial
"(e) | CUSIP No.: 55279B301"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Schedule 13G/A show about Alexander Schornstein’s ownership in LITS?
The Schedule 13G/A shows that Alexander Schornstein now owns 0 shares of Lite Strategy, Inc. common stock, representing 0.00% of the class, and has no voting or dispositive power over any shares.
When did Alexander Schornstein cease being a beneficial owner of Lite Strategy, Inc. (LITS)?
Alexander Schornstein ceased being a beneficial owner on or about June 30, 2026, when he liquidated all of his Lite Strategy, Inc. shares and no longer held any common stock as of that date.
Does Alexander Schornstein retain any voting power in Lite Strategy, Inc. (LITS)?
No. The report lists 0 shares for sole voting power and 0 shares for shared voting power, indicating he has no authority to vote or direct the vote of any Lite Strategy, Inc. shares.