Wolf Herd’s control of the company is growing

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Investor Takeaway

Wolfe Herd now controls around 40% of Bumble’s total voting power, up from 27% in April 2025 while Blackstone has 46% voting power, down from 64% in April: [Share of voting rights at Bumble (Edit)](https://curved-newsboy-c80.notion.site/Share-of-voting-rights-at-Bumble-Edit-2cb950cb737780fc8b14e0d48919e456)
Blackstone’s decision to convert all its common units into class A common stock signals it may be preparing an exit, which increases Wolfe Herd’s control of the company (theory).
Further sale of shares by Blackstone could drive down Bumble’s share price as seen in August 2025: https://forum.investmentwiki.org/t/bumble-news/508/9?u=aron
Outsized voting rights (one Class A Common Stock having 10 voting rights) will end in the earlier of February 2025 or when Class A Common Stock of Wolf Herd or Blackstone falls below 7.5% (assuming exchange of all common units): Super-voting power (10 votes per one common unit) lasts until the earlier of 7 years after the IPO (February 2028), or when parties to Stockholders Agreement collectively own < 7.5% of voting Class A shares (assuming full conversion of units).
Research on ownership structure as at December 11, 2025
- Super-voting power (10 votes per one common unit) lasts until the earlier of 7 years after the IPO (February 2028), or when parties to Stockholders Agreement collectively own < 7.5% of voting Class A shares (assuming full conversion of units). </aside>