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EDGM insider discloses 728,917,710 shares, cites control purpose

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

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

  • None.

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.






If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).






SCHEDULE 13D






SCHEDULE 13D


Wajcenberg Simon Enrico
Signature:/s/ Wajcenberg Simon Enrico
Name/Title:individually
Date:10/17/2025

FAQ

What stake did EDGM’s CFO report in this Schedule 13D/A?

He reported beneficial ownership of 728,917,710 shares, or 25.5% of Edgemode’s common stock.

What is the share count outstanding used to calculate the 25.5% for EDGM?

The calculation is based on 2,853,976,547 shares outstanding as of October 16, 2025.

What options did the EDGM CFO exercise and at what price?

On October 14, 2025, he exercised options for an aggregate 442,792,088 shares at $0.005 per share on a net exercise basis.

How many shares were issued and withheld in the net exercise?

Edgemode issued 404,005,115 restricted shares and withheld 38,786,973 shares for the cost of exercise.

Did the EDGM CFO acquire shares through other transactions in 2025?

Yes. On February 20, 2025, he received 311,726,196 restricted shares for converting $769,989 of accrued salary.

Does the disclosed ownership include shares held by family members?

Yes. The total includes 54,354,099 shares held in the name of his wife.

What is the stated purpose of the EDGM CFO’s holdings?

He states the securities were acquired with the purpose of exercising control.
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United States
Fort Lauderdale