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XPOF SCHEDULE 13D/A: Activist campaign

Fund 1 Investments, an activist investor in Xponential Fitness

Filed with the SEC on · accession 0000921895-26-002688

XPOF filed a SCHEDULE 13D/A (schedule 13d/a) with the SEC on Sep 30, 2026. Fund 1 Investments, an activist investor in Xponential Fitness, entered into a letter agreement with the company under which the board waived Delaware Section 203 restrictions, allowing Fund 1 to acquire up to 19.9% of Class A shares, while Fund 1 agreed to vote excess shares above 9.9%… The stock moved +2.3% by the first close after the filing.

Summary of the filing

Fund 1 Investments, an activist investor in Xponential Fitness, entered into a letter agreement with the company under which the board waived Delaware Section 203 restrictions, allowing Fund 1 to acquire up to 19.9% of Class A shares, while Fund 1 agreed to vote excess shares above 9.9% proportionally with other stockholders and granted an irrevocable proxy to independent directors.

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Key details

Maximum beneficial ownership cap for PLP Partiespercent 20
Voting cap above which excess shares are voted proportionallypercent 10
Activist investor / filerFund 1 Investments, LLC
Investment adviser to plp funds, managed by fund 1 investmentsPleasant Lake Partners LLC
Issuer / subject companyXponential Fitness, Inc.
Managing member of fund 1 investments, llcJonathan P. Lennon

How XPOF stock reacted

Close before

$4.40

Sep 29, 2026

First close after

+2.27%

$4.50

5 trading days

+9.77%

$4.83

Since filing

+5.68%

$4.65

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Frequently asked questions

What did XPOF file with the SEC on Sep 30, 2026?

XPOF filed a SCHEDULE 13D/A (Activist campaign). Fund 1 Investments, an activist investor in Xponential Fitness, entered into a letter agreement with the company under which the board waived Delaware Section 203 restrictions, allowing Fund 1 to acquire up to 19.9% of Class A shares, while Fund 1 agreed to vote excess shares above 9.9% proportionally with other stockholders and granted an irrevocable proxy to independent directors.

What does a activist campaign mean for XPOF stock?

A settlement removes uncertainty; the stock often reacts to whether the amount is bigger or smaller than investors expected.

How do I read a SCHEDULE 13D/A?

A report the company filed with the SEC (the US market regulator). Start with the summary, then the key amounts and names. Compare it with the company’s earlier filings.

Why are SEC filings important?

Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A SCHEDULE 13D/A (schedule 13d/a): A report the company filed with the SEC (the US market regulator).

How did XPOF stock react to this filing?

XPOF closed at $4.40 before the filing and $4.50 on Sep 30, 2026 (+2.27%). Five trading days later: $4.83 (+9.77%).

Other XPOF SEC filings

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