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Banzai International (BNZI) CEO granted 446,004 Class B shares, now holds 100%

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

Rhea-AI Filing Summary

Banzai International, Inc. chief executive officer Joe Davy filed a Schedule 13D reporting beneficial ownership of 677,118 shares of Class B Common Stock, representing 100% of that class. Each Class B share carries ten votes, giving him significant voting control.

On April 6, 2026, he received 446,004 Class B shares as equity compensation. This included 297,336 shares for a performance-based stock grant valued at $250,000, tied to a $15,000,000 market capitalization benchmark, and 148,668 shares issued instead of a $125,000 cash bonus, both priced at $0.841 per share.

Positive

  • None.

Negative

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Insights

CEO now controls all super-voting Class B shares via compensation awards.

The filing shows Joe Davy owning 677,118 Class B shares, or 100% of that class, with ten votes per share. This structure centralizes voting power with the CEO, which can streamline decision-making but concentrates governance authority.

The April 6, 2026 grant of 446,004 Class B shares reflects equity-heavy compensation, including a performance-based award linked to a $15,000,000 market-cap benchmark and an equity election in place of a cash bonus. Future company disclosures may further describe how this capital structure affects broader shareholder influence.

Total Class B shares owned 677,118 shares Beneficial ownership reported in Schedule 13D
Equity grant on April 6, 2026 446,004 shares Class B Common Stock issued as compensation
Performance-based stock grant value $250,000 Award tied to $15,000,000 market capitalization benchmark
Shares from performance grant 297,336 shares Class B shares issued for performance-based award
Shares in lieu of cash bonus 148,668 shares Issued instead of $125,000 discretionary cash bonus
Bonus amount converted to equity $125,000 Discretionary bonus taken in Class B shares
Reference share price $0.841 per share Closing price on April 2, 2026 for equity calculation
Voting rights per Class B share 10 votes per share Voting power attached to each Class B Common share
beneficially owns financial
"The Reporting Person beneficially owns 677,118 shares of Class B Common Stock."
Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.
sole dispositive power financial
"The Reporting Person has sole voting power and sole dispositive power with respect to 677,118 shares"
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.
performance-based stock grant financial
"issued in satisfaction of a performance-based stock grant with an aggregate value of $250,000"
market capitalization benchmark financial
"awarded upon the Issuer's achievement of a $15,000,000 market capitalization benchmark"
Class B Common Stock financial
"Title of Class of Securities: Class B Common Stock, par value $0.0001 per share"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
discretionary cash bonus financial
"issued in lieu of a discretionary cash bonus in the amount of $125,000"





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






SCHEDULE 13D


Joseph Davy
Signature:/s/ Joseph Davy
Name/Title:Joseph Davy, CEO
Date:04/09/2026

FAQ

How many Banzai International (BNZI) Class B shares does Joe Davy own?

Joe Davy beneficially owns 677,118 shares of Banzai International’s Class B Common Stock, representing 100% of that class. This holding gives him substantial influence because each Class B share carries ten votes on matters submitted to stockholders.

What equity compensation did Banzai International (BNZI) grant Joe Davy on April 6, 2026?

On April 6, 2026, Joe Davy received 446,004 Class B shares as compensation. This consisted of 297,336 shares for a performance-based stock grant and 148,668 shares issued instead of a discretionary cash bonus, both priced at $0.841 per share.

How was Joe Davy’s performance-based stock grant at Banzai International (BNZI) structured?

The performance-based stock grant to Joe Davy had an aggregate value of $250,000 and resulted in 297,336 Class B shares. It vested upon the company achieving a $15,000,000 market capitalization, as specified in an executive compensation addendum dated November 19, 2025.

Why did Banzai International (BNZI) issue Class B shares instead of a cash bonus to Joe Davy?

Joe Davy elected to receive a $125,000 discretionary bonus in equity instead of cash. Banzai International issued 148,668 Class B shares in lieu of the cash payment, using a per-share price of $0.841 based on the prior trading day’s closing price.

What voting power do Banzai International (BNZI) Class B shares give Joe Davy?

Each Banzai International Class B share provides ten votes on all stockholder matters. With 677,118 Class B shares, Joe Davy holds concentrated voting power, allowing him to significantly influence or determine the outcome of stockholder decisions.

What is the share price reference used for Joe Davy’s Banzai International (BNZI) equity awards?

The company valued Joe Davy’s April 6, 2026 equity awards using a per-share price of $0.841. This price reflects the closing price of Banzai International’s common stock on April 2, 2026, the trading day immediately before the issuance date.