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Corvex (MOVE) Co-CEO Seth Demsey reports 20% ownership stake

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

Seth Demsey, Co-Chief Executive Officer and director of Corvex, Inc., reports beneficial ownership of 5,540,329 shares of the company’s common stock, representing 20.0% of the 27,635,745 shares outstanding as of July 7, 2026. These shares include 5,508,920 held directly and 31,409 held through Ainsworth Holdings, LLC, over which he has sole voting and dispositive power. He also holds additional unvested restricted stock units and unexercisable stock options that are excluded from this 20.0% figure. Demsey received these shares primarily as consideration for Corvex, Inc.’s acquisition of Corvex Legacy Holdings, Inc. and for his executive and board service, giving him significant influence over the company’s governance and strategic direction.

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Insights

Corvex’s Co-CEO now holds a disclosed 20% equity stake.

Seth Demsey, Co-Chief Executive Officer and director of Corvex, Inc., reports beneficial ownership of 5,540,329 common shares, or 20.0% of the company, based on 27,635,745 shares outstanding as of July 7, 2026. This is a sizable block for a single insider.

The filing details that 5,508,920 shares are held directly and 31,409 shares are held via Ainsworth Holdings, LLC, where Demsey has sole voting and dispositive power. Additional equity exposure through 3,054,235 restricted stock units and 2,902,143 stock options is excluded because they will not vest or become exercisable within 60 days.

These holdings largely arose from consideration for the acquisition of Corvex Legacy Holdings, Inc. and compensation for executive and board service. Demsey’s combined ownership and executive role suggest meaningful influence over corporate decisions, including operations and governance matters referenced in the Schedule 13D, though any future actions would depend on decisions not specified in this disclosure.

Beneficially owned shares 5,540,329 shares Corvex common stock beneficially owned by Seth Demsey
Ownership percentage 20.0% Percent of Corvex common stock class represented by Demsey’s holdings
Shares outstanding 27,635,745 shares Corvex common stock outstanding as of July 7, 2026
Directly held shares 5,508,920 shares Common stock held directly by Seth Demsey
Ainsworth Holdings shares 31,409 shares Common stock held by Ainsworth Holdings, LLC
Unvested RSUs 3,054,235 shares Common stock underlying restricted stock units not vesting within 60 days
Unexercisable options 2,902,143 shares Common stock underlying stock options not exercisable within 60 days
Preferred conversion receipts 24,671 and 5,515,658 shares Common shares received on March 31 and July 7, 2026 from preferred conversion
beneficially owned financial
"The Reporting Person beneficially own an aggregate of 5,540,329 shares of the Issuer's Common Stock."
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.
sole dispositive power financial
"has the sole power to dispose or direct the disposition of 5,540,329 shares of Common Stock"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
restricted stock units financial
"Such amount excludes an additional 3,054,235 shares of Common Stock underlying restricted stock units that will not vest in the next 60 days"
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
stock options financial
"and 2,902,143 shares of Common Stock underlying stock options that are not exercisable in the next 60 days."
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
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.
Power of Attorney regulatory
"1. Power of Attorney, dated July 7, 2026."
A power of attorney is a legal document that allows one person to make decisions and act on behalf of another person, often in financial or legal matters. It’s like giving someone a trusted helper or agent the authority to handle important tasks if you are unable to do so yourself. This matters to investors because it can impact how their assets are managed or transferred if they become unable to oversee their affairs.
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FAQ

How many Corvex (MOVE) shares does Seth Demsey beneficially own?

Seth Demsey beneficially owns 5,540,329 shares of Corvex common stock. This total includes 5,508,920 shares held directly and 31,409 shares held through Ainsworth Holdings, LLC, where he has sole voting and dispositive power over the shares.

What percentage of Corvex (MOVE) does Seth Demsey’s stake represent?

His 5,540,329 shares represent 20.0% of Corvex’s outstanding common stock. This percentage is calculated using 27,635,745 shares outstanding as of July 7, 2026, giving Demsey a significant single-holder stake in the company.

How did Seth Demsey acquire his Corvex (MOVE) shares?

Demsey received 5,540,329 shares between March and July 2026 as consideration for Corvex, Inc.’s acquisition of Corvex Legacy Holdings, Inc. Additional shares and derivative securities were issued as compensation for his roles as Co-Chief Executive Officer and board member.

What additional Corvex (MOVE) equity does Seth Demsey hold beyond current shares?

Beyond current shares, Demsey has 3,054,235 shares underlying restricted stock units and 2,902,143 shares underlying stock options. These are excluded from his reported beneficial ownership because they will not vest or become exercisable within the next 60 days.

What control or influence does Seth Demsey have over Corvex (MOVE)?

Demsey serves as Co-Chief Executive Officer and board member and beneficially owns 20.0% of the common stock. The filing notes he may influence corporate activities, including operations, governance, and control matters typically described in Item 4 of Schedule 13D instructions.





62459M305

(CUSIP Number)
Demsey Seth
3401 North Fairfax Drive, Suite 3230
Arlington, VA, 22226
(866) 438-4787

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
07/01/2026

(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).




schemaVersion:


SCHEDULE 13D




Comment for Type of Reporting Person:
(1) Consists of (i) 5,508,920 shares of Common Stock held directly by Mr. Seth Demsey (the "Reporting Person") and (ii) 31,409 shares of Common Stock held by Ainsworth Holdings, LLC ("Ainsworth"). The Reporting Person is the managing member of Ainsworth and has sole voting and dispositive power over the Common Stock held by Ainsworth. The Reporting Person disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein. Such amount excludes an additional 3,054,235 shares of Common Stock underlying restricted stock units that will not vest in the next 60 days and 2,902,143 shares of Common Stock underlying stock options that are not exercisable in the next 60 days. (2) Based on the 27,635,745 shares of Common Stock outstanding as of July 7, 2026.


SCHEDULE 13D


Seth Demsey
Signature:/s/ Mark Busch
Name/Title:Attorney-in-Fact
Date:07/08/2026
Comments accompanying signature:
This Schedule 13D was executed by Mark Busch as Attorney-in-Fact for Seth Demsey pursuant to the Power of Attorney granted thereby, a copy of which is attached as Exhibit 1.