On June 14, 2025, Interactive Strength Inc. issued a total of 1,250,000 shares of its Series LTI Convertible Preferred Stock. The shares were distributed among the company's executive officers and Board members, with allocations including 500,000 shares to CEO Trent Ward, and 200,000 shares each to CFO Michael Madigan, CTO Deepak Mulchandani, and President/COO Benjamin Bartlett. Additionally, non-employee directors Aaron Weaver, Kirsten Touw, and Dave Leis each received 50,000 shares. The transactions were exempt from registration under the Securities Act of 1933, but the document does not specify the price of the shares.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Interactive Strength Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950170-25-088526), on June 20, 2025, and is solely responsible for the information contained therein.