Nobody traded in their own name
Not one materially sized person-action in this edition was executed by a natural person holding shares directly. Every single one ran through an interposed entity, and in most cases through a trust sitting above that entity.
| Principal | Vehicle that actually traded | Structure above it |
|---|---|---|
| Steven Schuurman | CMXI B.V. | Sole controlling shareholder |
| Joseph Lubin | Consensys Software Inc. | CEO; separate family LLC + trust alongside |
| Tor Olav Trøim | Drew Holdings Ltd. | Drew Trust (non-discretionary) |
| Thomas Siebel | Direct for the option leg | Living Trust + 2 Legacy LLCs hold 8.45m |
| Gabriel Mecklenburg | Direct Class A after conversion | Family Trust + GRAT hold 1.08m Class B |
| Martine Rothblatt | Family trust | Three further family trusts |
| Michael Dell (buy side) | DFO Public Investments, L.P. | DFO Management family office |
The vehicle is not decoration. It is what lets the principal separate voting control from economic exposure, transact without the transaction being personally theirs, disclaim beneficial ownership in the footnotes, and — in Mecklenburg's GRAT and Trøim's non-discretionary trust — move future appreciation outside the personal estate before it happens.