Fairbanks Family Discloses 5.1% Stake in Asset Entities Inc.

TL;DR

**Fairbanks family now owns 5.1% of Asset Entities Inc. Class B shares.**

AI Summary

Jennifer Joan Fairbanks and the Estate of James Sheldon Fairbanks have jointly reported beneficial ownership of 300,000 shares of Asset Entities Inc.'s Class B Common Stock, representing 5.1% of the class. This filing, dated December 31, 2023, indicates a significant, non-controlling stake held by these individuals. For investors, this matters because it signals a notable ownership position by specific individuals, which can sometimes influence corporate governance or future strategic decisions, though this filing doesn't suggest any immediate changes.

Why It Matters

This filing reveals a significant ownership stake by specific individuals, which can be a factor in understanding the company's ownership structure and potential long-term stability.

Risk Assessment

Risk Level: low — This filing is a routine disclosure of ownership and does not indicate any immediate financial risk or operational changes for the company.

Analyst Insight

Smart investors should note this significant, non-controlling ownership stake as part of their due diligence, but this filing alone doesn't warrant immediate action. It's a data point for understanding the company's ownership structure.

Key Numbers

• 300,000 — Shares Beneficially Owned (Total shares of Class B Common Stock held by the Fairbanks family.)
• 5.1% — Percentage of Class (The portion of Asset Entities Inc.'s Class B Common Stock owned by the reporting persons.)

Key Players & Entities

• Jennifer Joan Fairbanks (person) — reporting person, beneficial owner of 300,000 shares
• Estate of James Sheldon Fairbanks (person) — reporting person, beneficial owner of 300,000 shares
• Asset Entities Inc. (company) — the issuer of the securities
• 300,000 (dollar_amount) — number of shares beneficially owned
• 5.1% (dollar_amount) — percentage of Class B Common Stock owned
• December 31, 2023 (dollar_amount) — date of event requiring the filing

Forward-Looking Statements

• The Fairbanks family will maintain their 5.1% stake in Asset Entities Inc. for the foreseeable future. (Fairbanks Jennifer Joan) — medium confidence, target: 2025-12-31

FAQ

Key Financial Figures

• $0.0001 — Name of Issuer) Class B Common Stock, $0.0001 par value per share (Title of Class o

Filing Documents

• ea192438-13gfairbanks_asset.htm (SC 13G) — 58KB
• ea192438ex99-1_asset.htm (EX-99.1) — 5KB
• 0001213900-24-007844.txt ( ) — 64KB

Ownership

Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount beneficially owned : As of December 31, 2023, Jennifer Joan Fairbanks was the record holder of 150,000 shares of Class B Common S tock of the Issuer. James Sheldon Fairbanks was the record holder of 150,000 shares of Class B Common S tock of the Issuer. Ms. Fairbanks and Mr. Fairbanks were married, and each could be deemed to be an indirect beneficial owner of the shares held by each other. Each of Ms. Fairbanks and Mr. Fairbanks disclaimed beneficial ownership of the shares held by each other. (b) Percent of class : The 300,000 shares of Class B Common Stock represented approximately 5.1% of the Issuer’s outstanding Class B Common Stock based on 5,939,134 shares outstanding as of December 31, 2023. (c) Number of shares as to which the person has : (i) Sole power to vote or to direct the vote: 0 (ii) Shared power to vote or to direct the vote: 300,000 (iii) Sole power to dispose or to direct the disposition of: 0 (iv) Shared power to dispose or to direct the disposition of: 300,000

Ownership of 5 Percent or Less of a Class

Item 5. Ownership of 5 Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following .

Ownership of More than 5 Percent on Behalf of Another Person

Item 6. Ownership of More than 5 Percent on Behalf of Another Person. Not applicable. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.

Identification and Classification of Members of the Group

Item 8. Identification and Classification of Members of the Group. Not applicable.

Notice of Dissolution of Group

Item 9. Notice of Dissolution of Group. Not applicable.

Certifications

Item 10. Certifications. Not applicable. Page 6 of 6 pages CUSIP No. 04541A105

SIGNATURES

SIGNATURES 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: January 30, 2024 /s/ Jennifer Joan Fairbanks Jennifer Joan Fairbanks Estate of James Sheldon Fairbanks /s/ Jennifer Joan Fairbanks Name: Jennifer Joan Fairbanks Title: Executor (1) (1) Subject to confirmation by the probate court.

View Full Filing

View this SC 13G filing on SEC EDGAR