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This seems like a weird structure, why would anyone ever convert Class B stock to Class A?



The point of the structure is to maintain insider control, so when an insider want to sell some stock they do the conversation before selling to the public markets.


And it’s likely not optional. Any transfer of shares to someone who is not already a Class B holder will probably trigger a conversion. Iirc that’s how Facebook and Google’s shares are structured.


I wondered how things like death and divorce were handled. Seems like that would cover it.




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