Edgemode CFO reports 25.5% stake after major option exercise
Edgemode, Inc. — Schedule 13D/A: Chief Financial Officer and director Simon Enrico Wajcenberg reported beneficial ownership of 728,917,710 shares of common stock, representing 25.5% of the class.
Rhea-AI Filing Summary
Edgemode, Inc. — Schedule 13D/A: Chief Financial Officer and director Simon Enrico Wajcenberg reported beneficial ownership of 728,917,710 shares of common stock, representing 25.5% of the class. This includes 54,354,099 shares held in his wife’s name. The percentage is based on 2,853,976,547 shares outstanding as of October 16, 2025.
On October 14, 2025, he exercised options to purchase an aggregate 442,792,088 shares at $0.005 per share on a net exercise basis; the company withheld 38,786,973 shares for the exercise cost, and issued 404,005,115 restricted shares. Earlier awards include 311,726,196 restricted shares received on February 20, 2025 as partial conversion of $769,989 of accrued salary, and 68,252,432 shares received on January 31, 2022 as merger consideration. He states the securities were acquired with the purpose of exercising control.
Positive
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Negative
- None.
Insights
Large insider stake disclosed; control intent stated.
Simon Enrico Wajcenberg reports beneficial ownership of 728,917,710 shares, or 25.5%, including shares held by his spouse. This follows an option exercise on October 14, 2025 covering 442,792,088 shares at $0.005 per share via net exercise, resulting in 404,005,115 restricted shares issued and 38,786,973 shares withheld for costs.
The filing also details prior issuances: 311,726,196 restricted shares on February 20, 2025 tied to conversion of $769,989 in accrued salary, and 68,252,432 shares from a merger on January 31, 2022. The stated purpose is exercising control, which aligns with a significant ownership position.
Implications depend on future actions and board dynamics; the filing does not specify additional steps or timing beyond these dated transactions.
FAQ
What stake did EDGM’s CFO report in this Schedule 13D/A?
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