Edgemode (EDGM) CEO reports 35% stake and 350M-share options
Rhea-AI Filing Summary
Charles Faulkner filed an amended Schedule 13D reporting beneficial ownership of 1,104,518,284 shares of Edgemode, Inc. common stock, representing 35.0% of the outstanding class. This total includes shares underlying vested stock options and non-qualified options to purchase up to 350,000,000 additional shares.
Faulkner is Edgemode’s Chief Executive Officer and director and states he acquired his securities with the purpose of exercising control. He also owns one share of Series D Preferred Stock, which carries voting power equal to 25.5% of Edgemode’s issued and outstanding common shares, further concentrating governance influence.
The new non-qualified options granted on February 10, 2026 vest in two 50% tranches tied to closing a solid oxide fuel cell supply agreement for at least 100 MW and an AI data center site sale agreement for at least 100 MW, both as determined by Edgemode’s board.
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Insights
Filing shows Edgemode’s CEO reporting a 35% stake plus large, milestone-based options that reinforce his control position.
Charles Faulkner, Edgemode’s CEO and director, reports beneficial ownership of 1,104,518,284 common shares, or 35.0% of the class, based on 3,160,158,602 shares outstanding as of January 7, 2026. This includes a substantial block of vested options and additional non-qualified options.
He also holds one share of Series D Preferred Stock, which carries voting power equal to 25.5% of Edgemode’s issued and outstanding common stock. Combined, these positions give him significant influence over shareholder votes and corporate decisions, consistent with his stated purpose of exercising control.
The new grant of non-qualified options to purchase up to 350,000,000 shares vests entirely upon achieving two large project milestones: a solid oxide fuel cell supply agreement for at least 100 MW and an AI data center site sale agreement for at least 100 MW. Future disclosures in company filings may clarify progress toward these milestones and any resulting changes in Faulkner’s exercisable stake.