[Form 4] Edgemode, Inc. Insider Trading Activity
Rhea-AI Filing Summary
Edgemode, Inc. disclosed that its Chief Executive Officer, director and 10% owner, Charles Faulkner, entered into a compensation-related equity transaction. On 12/10/2025, Faulkner converted $386,000 of accrued salary under his employment agreement into one share of Series D Preferred Stock.
The Series D Preferred Stock is perpetual, carries no conversion feature, and has no redemption, preferential dividend or liquidation rights. Instead, it provides significant voting power: each share votes together with common stock and carries voting power equal to 25.5% of the issued and outstanding common shares of Edgemode. The filing reports this preferred share as being held directly by Faulkner.
Positive
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Negative
- None.
Insights
Edgemode’s CEO swaps $386K salary for a single preferred share with 25.5% voting power.
Edgemode reports that CEO Charles Faulkner converted $386,000 of accrued salary into one share of Series D Preferred Stock on 12/10/2025. This represents compensation being settled in equity rather than cash, which affects both the company’s cash obligations and the CEO’s alignment with long-term outcomes.
The Series D Preferred Stock is unusual: it is perpetual, non-convertible and carries no redemption, preferential dividend or liquidation rights. Its key feature is governance: each share votes with common stock and has voting power equal to 25.5% of Edgemode’s issued and outstanding common shares. That concentrates substantial voting influence in a single security held by the CEO.
Because this is a Form 4 disclosure, the filing focuses on reporting the change in beneficial ownership rather than broader strategy. The structure indicates a trade-off between cash compensation and a powerful voting instrument, and future company filings may further describe how this preferred share fits into Edgemode’s overall capital and governance structure.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Series D Preferred Stock | 1 | $0.00 | -- |
Footnotes (1)
- The Series D Preferred Stock is not convertible, does not have any redemption, preferential dividend or liquidation rights. The Series D Preferred Stock is perpetual and therefore has no expiration date. Holder of Series D Preferred Stock shall be entitled to vote with the holders of common stock on all matters submitted to a vote of shareholders and each share of Series D Preferred Stock entitles the holder to voting power equal to 25.5% of the issued and outstanding shares of the Issuer's common stock. The Reporting Person converted $386,000 of accrued salary under that certain Employment Agreement dated January 31, 2022, as amended, and acquired one share of Series D Preferred Stock.