Beachbody CEO Files Ownership Amendment

TL;DR

Beachbody CEO Carl Daikeler updated his stock ownership filing. No major changes apparent, but always good to watch.

AI Summary

Carl Daikeler, CEO of The Beachbody Company, Inc., filed an amendment (SC 13D/A) on March 1, 2024, to a previous filing. This amendment relates to his beneficial ownership of Class A Common Stock. The filing indicates a change in the date of the event requiring this filing to December 13, 2023.

Why It Matters

This filing updates the beneficial ownership information for a key executive, providing transparency to investors regarding control and potential future actions related to the company's stock.

Risk Assessment

Risk Level: low — The filing is an amendment to existing ownership information and does not appear to indicate any new significant changes or activist intentions.

Key Players & Entities

• Carl Daikeler (person) — CEO and beneficial owner of Beachbody Company, Inc. stock
• The Beachbody Company, Inc. (company) — Issuer of Class A Common Stock
• Forest Road Acquisition Corp. (company) — Former company name for The Beachbody Company, Inc.
• Steven B. Stokdyk, Esq. (person) — Attorney for Carl Daikeler
• Latham & Watkins LLP (company) — Law firm representing Carl Daikeler

FAQ

Key Financial Figures

• $0.0001 — suer) Class A Common Stock, par value $0.0001 per share (Title of Class of Securiti

Filing Documents

• d775652dsc13da.htm (SC 13D/A) — 29KB
• 0001193125-24-056171.txt ( ) — 30KB

of the Schedule 13D is hereby amended and restated in its entirety to read as follows

Item 5 of the Schedule 13D is hereby amended and restated in its entirety to read as follows: (a) As of February 28, 2024 and December 13, 2023, the Reporting Person beneficially owned 2,587,071 shares of Class A Common Stock (comprised of (i) 2,576,991 shares of Class X Common Stock and (ii) 10,080 stock options to acquire shares of Class A Common Stock that are currently exercisable or vest within 60 days of the date hereof), representing approximately 38.7% of the outstanding Class A Common Stock at February 28, 2024 and 39.4% at December 13, 2023, and approximately 94.4% of the outstanding Class X Common Stock at both dates. These percentages are based on 4,101,477 outstanding shares of Class A Common Stock at February 28, 2024, and 3,978,356 outstanding shares of Class A Common Stock at December 13, 2023, and 2,729,003 outstanding shares of Class X Common Stock, as provided by the Issuer. For the Class A Common Stock, the percentage includes the 10,080 stock options held by the Reporting Person that are currently exercisable or will vest within 60 days of such dates. The Reporting Persons voting power at February 28, 2024 is 82.1% and at December 13, 2024 was 82.4%. (b) The Reporting Person has the sole power to vote and dispose of the shares reported herein. (c) Effective as of November 21, 2023, the Issuer effected a reverse stock split of all of its issued and outstanding common stock at a ratio of one post-split share for every fifty pre-split shares. The Reporting Person has not engaged in any transaction with respect to the Class A Common Stock or Class X Common Stock during the sixty days prior to the date of filing of this Amendment No. 4 to this Schedule 13D, nor during the sixty days prior to December 13, 2023. (d) Not applicable. (e) Not applicable. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: March 1, 2024

View Full Filing

View this SC 13D/A filing on SEC EDGAR