It happens with every publicly traded company. It's common knowledge.
Here is a quote from Meta's (Facebook) most recent 10-k:
As of December 31, 2022, there were 3,204 stockholders of record of our Class A common stock, and the closing price of our Class A common stock was $120.34 per share as reported on the Nasdaq Global Select Market. Because many of our shares of Class A common stock are held by brokers and other institutions on behalf of stockholders, we are unable to estimate the total number of stockholders represented by these record holders. As of December 31, 2022, there were 27 stockholders of record of our Class B common stock.
Like I said, common knowledge. But glad I could help educate you.