Grab dual-class structure: Class A sale vs Class B control

Tan's 400k Class A sale drains the liquid float. The 10-vote Class B stake - 66% voting power - is sealed unless he converts.

Focus share class
Transaction
Grab dual-class share structure: how a 400k Class A sale cuts liquid float but leaves Class B voting control intact Tan's holdings two share classes, two different levers Class A 1 vote / share public on NASDAQ cash-out-able float Class B 10 votes / share held by Tan control stake 1:1 convert valve Tan's discretion 400k shares to market
Class A - liquid float, 1 vote Class B - control stake, 10 votes sale flow conversion flow