Vivek Ramaswamy Reports 8.8% Stake in Strive, Inc. Following Group Dissolution
Vivek Ramaswamy and Virtuous Industries LLC filed this Schedule 13D on May 11, 2026, to report a combined beneficial ownership of 5,693,897 shares of Class A Common Stock of Strive, Inc. (SATA), representing 8.8% of the class. This filing follows the dissolution of a prior shareholder group that previously controlled over 50% of the voting power. The group was formally dissolved on April 20, 2026, after the issuer's at-the-market equity offering diluted the group's aggregate holdings. Mr. Ramaswamy originally acquired his position through a merger between Strive Enterprises, Inc. and a subsidiary of the issuer (formerly Asset Entities Inc.) in September 2025. His holdings primarily consist of Class B Common Stock, which is convertible into Class A shares. Ramaswamy remains a significant individual shareholder and maintains registration rights under a 2025 agreement. While he has no immediate plans for major corporate changes, he reserves the right to adjust his investment based on market conditions.