[SCHEDULE 13G] Evernorth Holdings Inc. Passive Investment Disclosure (>5%)
Evernorth Holdings: Larsen attributed 9.9% stake
The 9.9% attributed to Christian A. Larsen is tied to shares held through Ripple and the Larsen trust, subject to his stated pecuniary-interest disclaimer.
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Evernorth Holdings Inc. is the issuer whose Class A common shares are covered by a joint ownership report from Ripple Labs Inc., Larsen Lam Children's Remainder Trust, and Christian A. Larsen. Ripple reported beneficial ownership of 1,678,382 shares (7.1%), and the trust reported 661,867 shares (2.8%).
The report attributes 2,340,249 shares (9.9%) to Larsen, who may be deemed to beneficially own shares held by Ripple and the trust through shared voting and dispositive control. He disclaims beneficial ownership except to the extent of any pecuniary interest. The reported percentages are based on 23,638,882 shares outstanding as of October 9, 2026.
Key Figures
Ripple beneficial ownership:1,678,382 sharesLarsen Lam Children's Remainder Trust beneficial ownership:661,867 sharesChristian A. Larsen attributed beneficial ownership:2,340,249 shares+4 more
7 metrics
Ripple beneficial ownership1,678,382 shares7.1% of the class
Larsen Lam Children's Remainder Trust beneficial ownership661,867 shares2.8% of the class
Christian A. Larsen attributed beneficial ownership2,340,249 shares9.9% of the class
Class A common stock outstanding23,638,882 sharesAs of October 9, 2026; basis for reported percentages
Ripple percentage of class7.1%Reported beneficial ownership
Trust percentage of class2.8%Reported beneficial ownership
Larsen percentage of class9.9%Reported beneficial ownership
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Shared Voting Powerregulatory
"Shared Voting Power: 2,340,249"
Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.
pecuniary interestregulatory
"to the extent of any pecuniary interest he may have"
Joint Filing Agreementregulatory
"entered into a Joint Filing Agreement"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
How many XRPN shares do the reporting persons report?
Ripple reported beneficial ownership of 1,678,382 shares (7.1%), and Larsen Lam Children's Remainder Trust reported 661,867 shares (2.8%). Christian A. Larsen was attributed 2,340,249 shares (9.9%), reflecting shares held by Ripple and the trust under his shared voting and dispositive control.
How is Christian A. Larsen's reported XRPN ownership related to Ripple and the trust?
Larsen is Ripple's controlling shareholder and the trust's trustee, and the report says he may be deemed to beneficially own the shares held by both entities through voting and dispositive control. He disclaims beneficial ownership except to the extent of any pecuniary interest he may have, directly or indirectly.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Evernorth Holdings Inc.
(Name of Issuer)
Class A common stock, par value $0.001 per share
(Title of Class of Securities)
299946103
(CUSIP Number)
10/09/2026
(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):
299946103
1
Names of Reporting Persons
Ripple Labs Inc.
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
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
1,678,382.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
1,678,382.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,678,382.00
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)
7.1 %
12
Type of Reporting Person (See Instructions)
CO
SCHEDULE 13G
CUSIP Number(s):
299946103
1
Names of Reporting Persons
Larsen Lam Children's Remainder Trust
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
CALIFORNIA
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
661,867.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
661,867.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
661,867.00
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)
2.8 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
299946103
1
Names of Reporting Persons
LARSEN CHRISTIAN A
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
0.00
6
Shared Voting Power
2,340,249.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
2,340,249.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
2,340,249.00
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)
9.9 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Christian A. Larsen ("Chris Larsen") is the co-founder and Executive Chairman of Ripple and its controlling shareholder. As the controlling shareholder of Ripple, Chris Larsen has voting and dispositive control over the shares of Class A common stock, par value $0.001 per share, of Evernorth Holdings Inc. (the "Issuer") (the "Class A Common Stock") held by Ripple and may be deemed to beneficially own them. Chris Larsen is also the trustee of the Larsen Trust and, in such capacity, has voting and dispositive control over the shares of Class A Common Stock held by the Larsen Trust and may be deemed to beneficially own them. However, Chris Larsen disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly. The filing of this Schedule 13G shall not be construed as an admission that any Reporting Person is, for purposes of Section 13(d) or 13(g) of the Exchange Act or otherwise, the beneficial owner of any securities covered by this statement, other than to such extent. The percentages reported in this Schedule 13G are based on 23,638,882 shares of Class A Common Stock outstanding as of the date hereof.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Evernorth Holdings Inc.
(b)
Address of issuer's principal executive offices:
600 Battery Street, San Francisco, CA, 94111
Item 2.
(a)
Name of person filing:
This statement is filed jointly by the following persons (each, a "Reporting Person" and together, the "Reporting Persons") pursuant to Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended (the "Exchange Act"): (i) Ripple Labs Inc. ("Ripple"); (ii) Larsen Lam Children's Remainder Trust ("Larsen Trust"); and (iii) Christian A. Larsen ("Chris Larsen"). The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed as Exhibit 99.1 to this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
The address of the principal business office of each Reporting Person is: (i) Ripple: 600 Battery St., San Francisco, California 94111; (ii) Larsen Trust: c/o Ripple Labs Inc., 600 Battery St., San Francisco, California 94111; (iii) Chris Larsen: c/o Ripple Labs Inc., 600 Battery St., San Francisco, California 94111.
(c)
Citizenship:
Ripple is a corporation incorporated under the laws of the State of Delaware. Larsen Trust is a trust organized under the laws of the State of California. Chris Larsen is a citizen of the United States.
(d)
Title of class of securities:
Class A common stock, par value $0.001 per share
(e)
CUSIP Number(s):
299946103
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:
Ripple: 1,678,382; Larsen Trust: 661,867; Chris Larsen: 2,340,249
(b)
Percent of class:
Ripple: 7.1%; Larsen Trust: 2.8%; Chris Larsen: 9.9%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
Ripple: 0; Larsen Trust: 0; Chris Larsen: 0
(ii) Shared power to vote or to direct the vote:
Ripple: 1,678,382; Larsen Trust: 661,867; Chris Larsen: 2,340,249
(iii) Sole power to dispose or to direct the disposition of:
Ripple: 0; Larsen Trust: 0; Chris Larsen: 0
(iv) Shared power to dispose or to direct the disposition of:
Ripple: 1,678,382; Larsen Trust: 661,867; Chris Larsen: 2,340,249
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:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.
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.
Ripple Labs Inc.
Signature:
/s/ Eric Jeck
Name/Title:
Eric Jeck, Senior Vice President of Corporate & Business Development
Date:
10/15/2026
Larsen Lam Children's Remainder Trust
Signature:
/s/ Christian A. Larsen
Name/Title:
Christian A. Larsen, Trustee
Date:
10/15/2026
LARSEN CHRISTIAN A
Signature:
/s/ Christian A. Larsen
Name/Title:
Christian A. Larsen, individually
Date:
10/15/2026
Exhibit Information
Exhibit 99.1 - Joint Filing Agreement, dated as of October 13, 2026, by and among Ripple Labs Inc., Larsen Lam Children's Remainder Trust and Christian A. Larsen
