Monitor for any subsequent conversion of this 13G to a 13D, which would signal activist intent. The involvement of Ripple Labs and its controlling shareholder at a 9.9% stake could attract regulatory or market attention to Evernorth's crypto-asset business.
Price Chart
Executive Summary
Ripple Labs Inc., its co-founder Christian A. Larsen, and the Larsen Lam Children's Remainder Trust filed a Schedule 13G disclosing aggregate beneficial ownership of approximately 9.9% of Evernorth Holdings Inc.'s Class A common stock as of October 9, 2026. The filing is passive (Rule 13d-1(c)), with no intent to influence control, and is notable primarily for the involvement of a high-profile crypto firm and its founder.
Key Financial Metrics
Key Facts
- Ripple Labs Inc. beneficially owns 1,678,382 shares (7.1% of Class A common stock).
- Christian A. Larsen beneficially owns 2,340,249 shares (9.9%) in aggregate, including shares held by Ripple and the Larsen Trust.
- Larsen Lam Children's Remainder Trust holds 661,867 shares (2.8%).
- The filing is made under Rule 13d-1(c) (passive investor), explicitly disclaiming any intent to change or influence control.
- The stake is based on 23,638,882 shares of Class A common stock outstanding as of the filing date.
- This is a new Schedule 13G filing (not an amendment), indicating the stake crossed the 5% threshold.
Financial Impact
Aggregate stake of 2,340,249 shares (9.9%) — no dollar value disclosed in the filing.
Risk Factors
- Passive filing could convert to activist 13D if Ripple or Larsen changes intent, potentially pressuring management.
- Concentrated ownership by a single group (9.9%) may limit public float and liquidity.
- Evernorth's SIC classification (6221 Commodity Contracts Brokers & Dealers) and CF Office label (09 Crypto Assets) may expose it to heightened regulatory scrutiny.
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0000950103-26-015652 |
| Document: 0000950103-26-015652-index-headers.html | 0000950103-26-015652 |
| Document: 0000950103-26-015652-index.html | 0000950103-26-015652 |
| Document: 0000950103-26-015652.txt | 0000950103-26-015652 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 4d ago | S-1 | $15.00 | awaiting T+5 | awaiting T+5 | $15.27 (+1.80%) |
Oct 23, 2026 4d ago | 8-K | $15.00 | awaiting T+5 | awaiting T+5 | $15.27 (+1.80%) |
Oct 20, 2026 8d ago | EFFECT | $14.85 $15.27 | ▲ +2.83% | ▲ +2.75% | $15.27 (+2.83%) |
Oct 19, 2026 8d ago | SC 13G | $14.85 $15.27 | ▲ +2.83% | ▲ +2.75% | $15.27 (+2.83%) |
Oct 19, 2026 8d ago | 3 | $14.85 $15.27 | ▲ +2.83% | ▲ +2.75% | $15.27 (+2.83%) |
Oct 15, 2026 12d ago | SC 13G | $15.45 $15.06 | ▼ −2.52% | ▼ −2.09% | $15.27 (−1.17%) |
Oct 9, 2026 18d ago | 25-NSE | $16.91 $15.23 | ▲ +9.93% | ▲ +8.44% | $15.27 (+9.70%) |
Oct 9, 2026 18d ago | 8-K | $16.91 $15.23 | ▲ +9.93% | ▲ +8.44% | $15.27 (+9.70%) |
Oct 9, 2026 18d ago | 3 | $16.91 $15.23 | ▼ −9.93% | ▼ −8.44% | $15.27 (−9.70%) |
Oct 9, 2026 18d ago | 3 | $16.91 $15.23 | ▼ −9.93% | ▼ −8.44% | $15.27 (−9.70%) |
US Market Status
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