Edgemode (EDGM) CFO reports 34.1% stake, 350M-share options and control goal
Rhea-AI Filing Summary
Edgemode, Inc. insider Simon Enrico Wajcenberg has filed an amended Schedule 13D disclosing beneficial ownership of 1,078,917,710 shares of common stock, or 34.1% of the class, based on 3,160,158,602 shares outstanding as of January 7, 2026.
The holdings include 54,354,099 shares registered in his wife’s name and non-qualified options to purchase up to 350,000,000 shares. These options vest in two 50% tranches upon closing a 100 MW solid oxide fuel cell supply agreement and a 100 MW AI data center site sale agreement, as determined by the board.
He also owns one share of Series D preferred stock that carries voting power equal to 25.5% of the issued and outstanding common shares. Wajcenberg, who serves as chief financial officer and director, states that he acquired his securities with the purpose of exercising control over Edgemode.
Positive
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Insights
Filing highlights concentrated ownership and explicit control intent at Edgemode.
Edgemode discloses that its CFO and director, Simon Enrico Wajcenberg, beneficially owns 1,078,917,710 common shares, or 34.1% of the class, plus one Series D preferred share with voting power equal to 25.5% of issued and outstanding common stock.
The position combines existing common shares, 54,354,099 shares held in his wife’s name, and options for up to 350,000,000 shares that vest upon two 100 MW commercial milestones. This structure tightly links additional equity incentives to large-scale energy and AI data center agreements.
The stated purpose is to exercise control, which signals a controlling or near-controlling insider presence. Future disclosures around the fuel cell supply agreement and AI data center site sale agreement, each with a minimum 100 MW capacity, will clarify how quickly additional option-based ownership could become exercisable.