Interactive Strength (TRNR) Insider Ownership: New COO’s Form 3
Rhea-AI Filing Summary
Interactive Strength, Inc. (TRNR) — SEC Form 3 filing
Chief Operating Officer Benjamin Tall Bartlett submitted his initial statement of beneficial ownership, disclosing no currently held common shares and three option grants covering a cumulative 134 shares of common stock. The options were granted on 1/31/2023, 6/7/2023 and 12/20/2023 with respective vesting schedules already satisfied or subject to future share-price milestones. Exercise prices listed in the filing are $2,051.40, $19,440.00 and $3,680.00 per grant, indicating they function as aggregate dollar values rather than per-share strike prices. Ownership is reported as direct, and no indirect or joint filings are noted. As an initial Form 3, the document establishes Bartlett’s position under Section 16 reporting requirements; it does not signal any open-market transactions or material change to the company’s capital structure.
Positive
- None.
Negative
- None.
Insights
TL;DR: Routine Form 3; tiny option stake (134 shares) disclosed by new COO, neutral governance impact, no market significance.
The filing simply places Mr. Bartlett on record as a Section 16 insider. The disclosed option grants are very small relative to TRNR’s public float and carry exercise thresholds that appear nominally high because amounts are shown in aggregate dollars. No purchases or sales occurred, so dilution and insider-sentiment signals are effectively nil. Investors should view the disclosure as a compliance step rather than a catalyst.