Monitor for any future conversion of the 29,033,708 Class C shares or 84,653 warrant shares if the 19.9% cap is blocked; the 19.9% cap is a structural cap, not a near-term catalyst. Monitor for any future filings for any conversion or warrant exercise, or any change in the passive vs. 13D status.
Price Chart
Executive Summary
Arrington XRP Capital Fund, LP filed a Schedule 13G disclosing a 19.9% passive beneficial ownership stake in Evernorth Holdings Inc. as of October 9, 2026. The stake comprises 4,704,137 shares of Class A Common Stock, with an additional 29,033,708 shares of non-voting Class C Common Stock and 84,653 warrant shares excluded from the beneficial ownership calculation due to a 19.9% ownership cap in the issuer's charter. The filing certifies passive intent with no control influence, and a prior 13G filed 4 days ago by the same reporting persons (Ripple Labs Inc., Larsen Lam Children's Remainder Trust, and Christian A. Larsen) tracks the same stake progression.
Key Financial Metrics
Key Facts
- Arrington XRP Capital Fund, LP disclosed a 19.9% passive beneficial ownership stake in Evernorth Holdings Inc.
- Stake consists of 4,704,137 shares of Class A Common Stock as of October 9, 2026.
- An additional 29,033,708 shares of non-voting Class C Common Stock and 84,653 warrant shares are excluded from beneficial ownership due to a 19.9% ownership cap in the issuer's charter.
- The filing certifies under Rule 13d-1(c) that the securities were not acquired and are not held for the purpose of changing or influencing control of the issuer.
- A prior SC 13G was filed 4 days ago (October 15, 2026) by Ripple Labs Inc., Larsen Lam Children's Remainder Trust, and Christian A. Larsen, tracking the same stake progression.
- The reporting persons have a voting agreement with RippleWorks Inc. for 1,199,503 shares of Class A Common Stock and 29,033,708 shares of Class C Common Stock (DAT Side Pocket Shares).
Financial Impact
19.9% passive stake valued at approximately $1.19 million in stake value (based on 3,504,634 shares with sole voting power and 1,199,503 shares shared voting power)
Risk Factors
- The 19.9% ownership cap in the issuer's charter blocks conversion of 29,033,708 Class C shares and 84,653 warrant shares, limiting near-term dilution risk.
- The passive 13G certification and the voting agreement with RippleWorks Inc. reduces the likelihood of an activist campaign.
- The prior 13G filing 4 days ago by Ripple Labs Inc. and related parties suggests coordinated reporting, but the current filing is a joint filing.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13G Filing (Primary) | 0001193125-26-425558 |
| Document: 0001193125-26-425558-index.html | 0001193125-26-425558 |
| Document: 0001193125-26-425558.txt | 0001193125-26-425558 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | S-1 | $14.94 | awaiting T+5 | — | $15.10 (+1.07%) |
Oct 23, 2026 3d ago | 8-K | $15.16 | awaiting T+5 | — | $15.10 (−0.40%) |
Oct 20, 2026 7d ago | EFFECT | $14.85 | awaiting T+5 | — | $15.10 (+1.68%) |
Oct 19, 2026 7d ago | SC 13G | $14.85 | awaiting T+5 | — | $15.10 (+1.68%) |
Oct 19, 2026 7d ago | 3 | $14.85 | awaiting T+5 | — | $15.10 (+1.68%) |
Oct 15, 2026 11d ago | SC 13G | $15.45 $15.06 | ▼ −2.52% | ▼ −2.09% | $15.10 (−2.27%) |
Oct 9, 2026 17d ago | 25-NSE | $16.91 $15.23 | ▲ +9.93% | ▲ +8.44% | $15.10 (+10.70%) |
Oct 9, 2026 17d ago | 8-K | $16.91 $15.23 | ▲ +9.93% | ▲ +8.44% | $15.10 (+10.70%) |
Oct 9, 2026 17d ago | 3 | $16.91 $15.23 | ▼ −9.93% | ▼ −8.44% | $15.10 (−10.70%) |
Oct 9, 2026 17d ago | 3 | $16.91 $15.23 | ▼ −9.93% | ▼ −8.44% | $15.10 (−10.70%) |
US Market Status
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