Edgemode (NASDAQ: EDGM) CEO Reports 25.3% Stake and 25.5% Voting Power via Series D
Rhea-AI Filing Summary
Edgemode, Inc. insider Charles Faulkner has amended his ownership report, confirming a large, control-focused stake in the company. He beneficially owns 754,518,284 shares of common stock, including 442,792,088 shares underlying vested stock options, representing about 25.3% of the 2,985,583,481 common shares outstanding as of November 12, 2025. Faulkner is the Chief Executive Officer and a director and states that he acquired his securities with the purpose of exercising control.
On December 10, 2025, he converted $386,000 of accrued salary into one share of Series D Preferred Stock under his employment agreement. This single Series D share carries voting power equal to 25.5% of Edgemode’s issued and outstanding common stock and votes together with common stock on all matters, further concentrating voting influence with the CEO.
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Insights
Edgemode’s CEO discloses a concentrated voting position combining large common and powerful preferred stock.
Charles Faulkner reports beneficial ownership of 754,518,284 Edgemode common shares, including 442,792,088 underlying vested options. This represents about 25.3% of the company’s 2,985,583,481 common shares outstanding as of November 12, 2025, giving him a substantial economic and voting stake.
In addition, on December 10, 2025 he converted $386,000 of accrued salary into one share of Series D Preferred Stock, which carries voting power equal to 25.5% of the issued and outstanding common stock and votes together with common holders. He states that his securities were acquired with the purpose of exercising control, so governance dynamics are heavily shaped by a single executive’s position.