Empery Digital Form 3 shows 10% insider stake
Empery Digital Inc. insider Brown Tice and Woodmont Investing LLC filed an initial Form 3 disclosing over 10% beneficial ownership of the company’s common stock.
Rhea-AI Filing Summary
Empery Digital Inc. insider Brown Tice and Woodmont Investing LLC filed an initial Form 3 disclosing over 10% beneficial ownership of the company’s common stock. The filing shows Mr. Brown directly holding 520,894 common shares and Woodmont Investing LLC indirectly holding 2,141,128 common shares.
The report also lists derivative positions held through Woodmont as a call spread: long call options providing a right to buy shares at $5.00 per share and short call options creating an obligation to sell shares at $10.00 per share. These options were immediately exercisable as of acquisition and remain exercisable as of the filing date.
Positive
- None.
Negative
- None.
Insider Trade Summary
5 transactions reported
Mixed
5 txns
Insider
Brown Tice, Woodmont Investing LLC
Role
10% Owner | 10% Owner
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Long Call Option (right to buy) | -- | -- | -- |
| holding | Short Call Option (obligation to sell) | -- | -- | -- |
| holding | Long Call Option (right to buy) | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
Holdings After Transaction:
Long Call Option (right to buy) — 680,000 contracts (Indirect, By Woodmont Investing LLC);
Short Call Option (obligation to sell) — 580,000 contracts (Indirect, By Woodmont Investing LLC);
Common Stock, par value $0.00001 per share — 520,894 shares (Direct);
Common Stock, par value $0.00001 per share — 2,141,128 shares (Indirect, By Woodmont Investing LLC)
Footnotes (4)
- F1. This Form 3 is filed jointly by Woodmont Investing LLC and Tice P. Brown (collectively, the "Reporting Persons"). Woodmont Investing LLC has the same business address as Mr. Brown and may be deemed to have a pecuniary interest in the securities reported on this Form 3 (the "Subject Securities"). The Reporting Persons collectively beneficially own over 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the Subject Securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
- F2. Mr. Brown, as the managing member of Woodmont Investing LLC, may be deemed to beneficially own the securities owned directly by Woodmont Investing LLC.
- F3. Such derivative securities are exercisable as of the date hereof and were immediately exercisable upon their acquisition.
- F4. These options reflect a "call spread," a call equivalent position and single priced and printed transaction pursuant to which the Reporting Person simultaneously (1) purchased call option contracts representing a right to purchase shares of the issuer's common stock at $5.00 per share and (2) sold call option contracts representing an obligation to sell shares of the issuer's common stock at $10.00 per share.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What does the Form 3 for EMPD reveal about Brown Tice and Woodmont Investing LLC?
The Form 3 shows Brown Tice and Woodmont Investing LLC jointly reporting beneficial ownership of over 10% of Empery Digital’s common stock. It details both direct holdings by Mr. Brown and indirect holdings through Woodmont, plus immediately exercisable call option positions structured as a call spread.
What indirect Empery Digital (EMPD) ownership is reported through Woodmont Investing LLC?
The Form 3 reports Woodmont Investing LLC indirectly holding 2,141,128 shares of Empery Digital common stock. Footnotes state Mr. Brown, as Woodmont’s managing member, may be deemed to beneficially own these securities, while both reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
Are the Empery Digital (EMPD) options reported on Form 3 currently exercisable?
Yes. The footnotes explain that the derivative securities reported, including the call spread options, are exercisable as of the date of the filing and were immediately exercisable upon acquisition. This means the holders can exercise their contractual rights without any additional vesting conditions.
Do Brown Tice and Woodmont Investing LLC admit full beneficial ownership of all EMPD securities reported?
No. The Form 3 states each reporting person disclaims beneficial ownership of the subject securities except to the extent of his or its pecuniary interest. The filing clarifies it should not be deemed an admission of beneficial ownership for Section 16 or any other purpose.
AI-generated analysis. How Rhea-AI works. Not financial advice.
