Strive, Inc.: amends SATA terms and declares 13.00% SATA dividend

What happened

• Strive, Inc. filed a certificate of amendment to the Amended and Restated Certificate of Designation for its Variable Rate Series A Perpetual Preferred Stock ("SATA") with the Nevada Secretary of State on Oct 13, 2026 to establish a minimum sale price of $100.00 per share for all future sales of SATA and to amend the definition of “Business Day.”
• The company announced that its board of directors maintained the regular dividend rate per annum on SATA at 13.00%, effective for periods commencing on or after Nov 1, 2026, and declared daily cash dividends of $0.0571 per share for each business day from Nov 1, 2026 through Nov 30, 2026 (19 business days, aggregate $1.0849 per share for the month).

Key details

• The amendment formalizes the company’s policy of not issuing SATA below $100.00 per share by making that minimum sale price a binding restriction under SATA’s governing documents.
• The amended definition of “Business Day” was restated to no longer exclude Saturday or Sunday, provided such days are not days on which the Federal Reserve Bank of New York, Nasdaq, or the depositary are closed or limit settlement; the company does not anticipate a near-term change to dividend cadence due to this amendment.
• Daily payments will be made to stockholders of record of SATA at the close of business on the immediately preceding business day.
• From a U.S. federal income tax perspective, distributions on SATA not treated as current or accumulated earnings and profits will generally be tax-deferred recovery of capital for U.S. investors and exempt from U.S. dividend withholding tax for non-U.S. investors; the company states it does not have accumulated earnings and profits and does not expect to generate current earnings and profits in the current year or the foreseeable future.

Why it may matter

• The filing reports Item 3.03 (material modification to rights of security holders), Item 5.03 (amendments to articles of incorporation or bylaws), and Item 8.01 (other events), covering the amendment to SATA’s governing documents and the dividend rate and cash dividend declaration.
• The filing does not show why the insider traded or why the company acted.