Insider Trading February 19, 2026

Strive CFO Benjamin Pham Buys $115,094 of Class A Shares; Company Completes $225M Preferred Offering

Insider purchases coincide with financing moves tied to Semler Scientific acquisition and expanded bitcoin holdings

By Nina Shah ASST
Strive CFO Benjamin Pham Buys $115,094 of Class A Shares; Company Completes $225M Preferred Offering
ASST

Strive, Inc. CFO Benjamin Pham bought a total of $115,094 in Class A common stock across two transactions on February 17 and 18, 2026, according to a Form 4 filing. The purchases occurred through a 401(k) plan and an IRA. Separately, Strive closed a $225 million follow-on offering of Variable Rate Series A Perpetual Preferred Stock to address debt from the recent Semler Scientific acquisition and to broaden its corporate bitcoin holdings.

Key Points

  • CFO Benjamin Pham purchased a combined $115,094 of Class A common stock on February 17 and 18, 2026, according to a Form 4 filing.
  • Strive completed a $225 million follow-on offering of Variable Rate Series A Perpetual Preferred Stock at $90 per share and used proceeds to retire $110 million of acquisition-related debt.
  • The Semler Scientific acquisition and subsequent purchases have increased Strive's bitcoin holdings to approximately 12,797.9 bitcoins and led to corporate appointments and a declared preferred dividend at a 12.25% per annum rate.

Summary of insider transactions

Strive, Inc. (NASDAQ: ASST) Chief Financial Officer Benjamin Pham reported purchases of Class A common stock on February 17 and February 18, 2026, with the combined value of the transactions totaling $115,094, according to the company's Form 4 filing with the Securities and Exchange Commission.

Pham acquired 7,900.286 shares on February 17 and 6,213.837 shares on February 18. The filing shows the prices paid in the transactions ranged from $8.0619 to $8.2275. The February 17 purchase was executed through a 401(k) plan, with execution prices recorded between $7.9980 and $8.3582 per share. The February 18 purchase was made through an IRA account, with prices logged between $8.0000 and $8.0906 per share.

In addition to these direct purchases, the filing indicates Pham indirectly holds 3,704 shares through 2025-10 INVESTMENTS LLC.


Related corporate financing and strategic developments

In separate corporate actions, Strive completed a follow-on offering of 1,320,000 shares of Variable Rate Series A Perpetual Preferred Stock at $90 per share, raising $225 million in gross proceeds. The company applied proceeds from this offering to retire $110 million of the $120 million of debt associated with its recent acquisition of Semler Scientific.

The offering had previously been priced at approximately $118.8 million, and Strive indicated an upsize when that figure is combined with anticipated privately negotiated notes exchanges.

The acquisition of Semler Scientific, which was approved by shareholders, resulted in Strive acquiring Semler's 5,048.1 bitcoins. The deal and subsequent purchases have made Strive approximately the 11th largest public corporate holder of bitcoin, with roughly 12,797.9 bitcoins reported.

Following the acquisition, Strive purchased an additional 123 bitcoins at an average price of $91,561 per bitcoin, for a total cash outlay of $11.26 million, including fees.

Operationally, Strive named Avik Roy as Chief Strategy Officer; the role will concentrate on expanding Semler Scientific's early disease detection product portfolio. The company's board also declared a cash dividend on the Series A preferred stock of $1.0208 per share, which the company said reflects a per annum rate of 12.25%.


Context and implications

The Form 4 filing documents an insider purchase by the CFO and provides details on execution venues and account types used for the buys. Concurrently, corporate financing actions and strategic appointments related to the Semler acquisition have altered Strive's capital structure, preferred dividend obligations, and cryptocurrency holdings.

Where information in the filing or company statements is limited, this report reflects only the transactions and facts disclosed in the referenced filings and company announcements.

Risks

  • Uncertainty about the longer-term effects of the preferred offering and anticipated privately negotiated notes exchanges on Strive's capital structure and funding costs - impacts corporate finance and capital markets.
  • Potential volatility in the value of Strive's bitcoin holdings, given the company's sizable position of approximately 12,797.9 bitcoins - impacts cryptocurrency market exposure.
  • The company's dividend obligation on Series A preferred stock at an annual rate of 12.25% increases cash outlay requirements tied to the new preferred issuance - impacts liquidity and payout capacity.

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