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.
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