Ashish Arora filed Amendment No. 5 to Schedule 13G with the SEC on November 12, 2026, disclosing his beneficial ownership of Class A Common Stock in Cricut, Inc. as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: Arora reported 25,672,891 shares beneficially owned in total.
  • Percent of class: The filing states a 32.67% ownership stake, calculated on a partially diluted basis that converts only Arora's Class B shares to Class A.
  • Sole voting and dispositive power: Arora holds sole voting and dispositive power over 20,484,532 shares.
  • Shared voting and dispositive power: Arora holds shared voting and dispositive power over 5,188,359 shares held through family trusts.
  • New GRATs established: The filing references two grantor retained annuity trusts dated August 14, 2026, the AA GRAT A and the MA GRAT A, holding 2,000,000 shares of Class B common stock each.
  • Full-conversion percentage: Assuming all Class B common stock converts to Class A, the filing states the ownership percentage would equal 12.33%.

Arora's Cricut Holdings as of September 30, 2026

According to the filing, Ashish Arora's aggregate beneficial ownership of 25,672,891 shares consists of several components. The shares over which he holds sole voting and dispositive power (20,484,532) include 2,275,528 shares of Class A common stock held directly, 16,137,062 shares of Class B common stock held directly, 2,000,000 shares of Class B common stock held by the AA GRAT A dated August 14, 2026 for which he serves as trustee, and 71,942 shares of Class A common stock subject to stock option awards exercisable within 60 days of September 30, 2026.

The shares over which Arora holds shared voting and dispositive power (5,188,359) are distributed across three entities, according to the filing: 2,000,000 shares of Class B common stock in the MA GRAT A dated August 14, 2026, for which his spouse serves as trustee; 2,558,065 shares of Class B common stock in the Rushil Arora Trust dated January 20, 2021, for which Arora and his spouse serve as co-trustees; and 630,294 shares of Class B common stock in the Arora Trust, for which Arora and his spouse also serve as co-trustees.

The filing states that the 32.67% figure is based on a denominator of 78,582,975 shares, which the filing describes as including 55,185,612 shares of Class A common stock outstanding as of September 30, 2026, plus 23,325,421 convertible Class B shares beneficially owned by Arora, plus the 71,942 option shares, "and assumes that only shares of convertible Class B common stock beneficially owned by Mr. Arora convert to Class A common stock." The filing further notes that assuming the conversion of all Class B common stock into Class A common stock, the percentage would equal 12.33%.

What Was Disclosed

Ashish Arora filed Amendment No. 5 to Schedule 13G disclosing beneficial ownership of 25,672,891 shares of Cricut, Inc. Class A Common Stock, representing 32.67% of the class as of September 30, 2026, held through direct ownership, option awards, and family trusts.