Voss Funds buy 200K Xponential Fitness shares
Xponential Fitness, Inc. reported that investment funds affiliated with Voss Capital made open-market purchases of its Class A common stock.
Rhea-AI Filing Summary
Xponential Fitness, Inc. reported that investment funds affiliated with Voss Capital made open-market purchases of its Class A common stock. On May 19–20, 2026, Voss Value Master Fund and Voss Value-Oriented Special Situations Fund together bought 200,005 shares in multiple transactions. Reported purchase prices ranged from about $4.64 to $5.50 per share. After these trades, Voss Value Master Fund held 924,334 shares and Voss Value-Oriented Special Situations Fund held 184,324 shares, each as indirect holdings for the reporting group that is disclosed as beneficially owning over 10% of Xponential’s common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 200,005 shares
Net Buy
21 txns
Insider
Voss Capital, LP, Voss Value Master Fund, LP, Voss Value-Oriented Special Situations Fund, LP, Voss Advisors GP, LLC, Cocke Travis W.
Role
10% Owner | 10% Owner | 10% Owner | 10% Owner | 10% Owner
Bought
200,005 shs ($964K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Class A common stock, par value $0.0001 per share | 12,074 | $5.499 | $66K |
| Purchase | Class A common stock, par value $0.0001 per share | 12,073 | $5.499 | $66K |
| Purchase | Class A common stock, par value $0.0001 per share | 5,002 | $5.499 | $28K |
| Purchase | Class A common stock, par value $0.0001 per share | 23,599 | $4.6421 | $110K |
| Purchase | Class A common stock, par value $0.0001 per share | 23,599 | $4.6421 | $110K |
| Purchase | Class A common stock, par value $0.0001 per share | 26,656 | $4.6985 | $125K |
| Purchase | Class A common stock, par value $0.0001 per share | 26,656 | $4.6985 | $125K |
| Purchase | Class A common stock, par value $0.0001 per share | 4,720 | $4.8273 | $23K |
| Purchase | Class A common stock, par value $0.0001 per share | 4,720 | $4.8273 | $23K |
| Purchase | Class A common stock, par value $0.0001 per share | 24 | $4.83 | $115.92 |
| Purchase | Class A common stock, par value $0.0001 per share | 23 | $4.83 | $111.09 |
| Purchase | Class A common stock, par value $0.0001 per share | 3,969 | $4.7664 | $19K |
| Purchase | Class A common stock, par value $0.0001 per share | 3,969 | $4.7664 | $19K |
| Purchase | Class A common stock, par value $0.0001 per share | 11,800 | $4.7658 | $56K |
| Purchase | Class A common stock, par value $0.0001 per share | 11,799 | $4.7658 | $56K |
| Purchase | Class A common stock, par value $0.0001 per share | 9,778 | $4.6421 | $45K |
| Purchase | Class A common stock, par value $0.0001 per share | 11,044 | $4.6985 | $52K |
| Purchase | Class A common stock, par value $0.0001 per share | 1,956 | $4.8273 | $9K |
| Purchase | Class A common stock, par value $0.0001 per share | 10 | $4.83 | $48.30 |
| Purchase | Class A common stock, par value $0.0001 per share | 1,645 | $4.7664 | $8K |
| Purchase | Class A common stock, par value $0.0001 per share | 4,889 | $4.7658 | $23K |
Holdings After Transaction:
Class A common stock, par value $0.0001 per share — 924,334 shares (Indirect, By: Voss Value Master Fund, L.P.);
Class A common stock, par value $0.0001 per share — 184,324 shares (Indirect, By: Voss Value-Oriented Special Situations Fund, L.P.)
Footnotes (3)
- F1. This Form 4 is filed jointly by Voss Value Master Fund, LP ("Voss Value Master Fund"), Voss Value-Oriented Special Situations Fund, LP ("Voss Value-Oriented Special Situations Fund"), Voss Advisors GP, LLC ("Voss GP"), Voss Capital, LP ("Voss Capital") and Travis W. Cocke (collectively, the "Reporting Persons"). Each of the Reporting Persons is a member of a group for purposes of Section 13(d) of the Securities Exchange Act of 1934, as amended, that collectively beneficially owns over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. Securities owned directly by Voss Value Master Fund. Voss GP, as the general partner of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Voss Capital, as the investment manager of Voss Value Master Fund, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value Master Fund.
- F3. Securities owned directly by Voss Value-Oriented Special Situations Fund. Voss GP, as the general partner of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Voss Capital, as the investment manager of Voss Value-Oriented Special Situations Fund, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund. Mr. Cocke, as the managing member of Voss Capital and Voss GP, may be deemed to beneficially own the securities owned directly by Voss Value-Oriented Special Situations Fund.
Key Figures
Shares purchased: 200,005 shares
Number of buy transactions: 21 trades
Price range: $4.6421–$5.4990 per share
+3 more
6 metrics
Shares purchased
200,005 shares
Total open-market buys reported for May 19–20, 2026
Number of buy transactions
21 trades
Aggregate count of purchases in the period
Price range
$4.6421–$5.4990 per share
Lowest and highest reported purchase prices
Voss Value Master Fund holdings
924,334 shares
Shares held after the reported transactions
Voss Special Situations holdings
184,324 shares
Shares held after the reported transactions
Net buy direction
net-buy of 200,005 shares
Form 4 transaction summary for the reporting group
Key Terms
open-market purchase, beneficially owns over 10%, Section 13(d), pecuniary interest, +1 more
5 terms
open-market purchase financial
"transaction_action: open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
beneficially owns over 10% regulatory
"that collectively beneficially owns over 10% of the Issuer's outstanding shares"
Section 13(d) regulatory
"a group for purposes of Section 13(d) of the Securities Exchange Act"
A Section 13(d) filing is a public disclosure required under U.S. securities law when a person or group acquires more than 5% of a company’s registered equity and may influence control. The filer must report who owns the shares, how they were acquired, and any plans or intentions for the company, so the market and other shareholders can see if a large buyer is attempting a takeover or other strategic move. Think of it like a formal announcement that someone has crossed a threshold and is showing their hand.
pecuniary interest financial
"disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest"
beneficial ownership regulatory
"may be deemed to beneficially own the securities owned directly by Voss Value Master Fund"
Beneficial ownership means the person or entity that actually enjoys the benefits of owning shares or other assets — such as receiving dividends, voting rights, or price gains — even if the legal title is held in another name. For investors it matters because knowing who truly controls and profits from a company reveals who can influence decisions, exposes potential conflicts of interest or hidden concentration of power, and affects transparency and risk in the stock.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider activity did Voss funds report in Xponential Fitness (XPOF)?
Investment funds affiliated with Voss Capital reported buying Xponential Fitness (XPOF) Class A common stock. Across multiple open-market trades on May 19–20, 2026, the funds acquired 200,005 shares, increasing their already significant ownership stake disclosed as above 10%.
Were the Xponential Fitness (XPOF) insider trades open-market purchases?
All reported Xponential Fitness (XPOF) transactions are coded as “P” and described as purchases in open-market or private transactions. The filing characterizes them as open-market purchases of Class A common stock by the Voss investment funds on May 19 and May 20, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
