Woodmont LLC (EMPD) exercises 100k Empery Digital share options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Empery Digital Inc. insider filing shows an automatic option exercise by Woodmont Investing LLC, an entity associated with Brown Tice. Woodmont exercised 1,000 call option contracts at an exercise price of $2.99 per share, acquiring 100,000 shares of common stock upon expiration on May 15, 2026.
The derivative position was closed as a result of this automatic exercise, which the filing states is exempt from Section 16(b) under Rule 16b‑6(b). After these transactions, Brown Tice directly holds 588,528 common shares, while Woodmont Investing LLC indirectly holds 2,173,494 common shares. The filing notes that each reporting person disclaims beneficial ownership beyond their pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
1,000 shares exercised/converted
Mixed
3 txns
Insider
Brown Tice, Woodmont Investing LLC
Role
null | null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| X | Long Call Option (right to buy) | 1,000 | $0.00 | -- |
| X | Common Stock, par value $0.00001 per share | 100,000 | $2.99 | $299K |
| holding | Common Stock, par value $0.00001 per share | -- | -- | -- |
Holdings After Transaction:
Long Call Option (right to buy) — 0 shares (Indirect, By Woodmont Investing LLC);
Common Stock, par value $0.00001 per share — 2,173,494 shares (Indirect, By Woodmont Investing LLC);
Common Stock, par value $0.00001 per share — 588,528 shares (Direct, null)
Footnotes (1)
- Represents the automatic exercise at expiration on May 15, 2026 of 1,000 call option contracts previously reported by the Reporting Persons. Each contract represented the right to purchase 100 shares of the Issuer's common stock at an exercise price of $2.99 per share. The closing of the derivative security position as a result of its automatic exercise at expiration and the acquisition of the underlying securities at a fixed exercise price are exempt from Section 16(b) pursuant to Rule 16b 6(b). The securities are directly held by Woodmont Investing LLC. Mr. Brown, as the managing member of Woodmont Investing LLC, may be deemed to beneficially own such securities. Each Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest. Includes 67,634 shares previously held by Woodmont Investing LLC, which were transferred to Mr. Brown on March 6, 2026.
Key Figures
Shares acquired via exercise: 100,000 shares
Call option contracts exercised: 1,000 contracts
Exercise price: $2.99 per share
+4 more
7 metrics
Shares acquired via exercise
100,000 shares
Underlying common stock from 1,000 call option contracts
Call option contracts exercised
1,000 contracts
Automatic exercise at expiration on May 15, 2026
Exercise price
$2.99 per share
Fixed exercise price for the call option contracts
Indirect holdings after transaction
2,173,494 shares
Empery Digital common stock held by Woodmont Investing LLC
Direct holdings after transaction
588,528 shares
Empery Digital common stock held directly by Brown Tice
Derivative contracts underlying shares
100 shares per contract
Each call option contract represented 100 common shares
Option expiration date
May 15, 2026
Date of automatic exercise at expiration
Key Terms
automatic exercise at expiration, call option contracts, Section 16(b), Rule 16b 6(b), +1 more
5 terms
automatic exercise at expiration financial
"Represents the automatic exercise at expiration on May 15, 2026 of 1,000 call option contracts"
call option contracts financial
"1,000 call option contracts previously reported by the Reporting Persons"
Section 16(b) regulatory
"exempt from Section 16(b) pursuant to Rule 16b 6(b)"
A federal rule that requires company insiders—like officers, directors and large shareholders—to return any profits made from buying and selling the company’s stock within a six-month window. It matters to investors because it discourages short-term trades that could exploit non-public information and helps protect outside shareholders by creating a simple, enforceable way to recover unfair gains, much like a rule stopping someone from flipping a limited-edition item for quick profit after getting early access.
Rule 16b 6(b) regulatory
"exempt from Section 16(b) pursuant to Rule 16b 6(b)"
pecuniary interest financial
"Each Reporting Person disclaims beneficial ownership except to the extent of pecuniary interest"
FAQ
What did Woodmont Investing LLC do in this Empery Digital (EMPD) Form 4?
Woodmont Investing LLC automatically exercised call options to acquire shares. The entity exercised 1,000 call option contracts at an exercise price of $2.99 per share, receiving 100,000 Empery Digital common shares when the options expired on May 15, 2026.
What are Brown Tice’s Empery Digital holdings after this Form 4 transaction?
Brown Tice is shown with both direct and indirect holdings. The filing reports 588,528 Empery Digital common shares held directly, and 2,173,494 common shares held indirectly through Woodmont Investing LLC, with beneficial ownership disclaimed except to the extent of pecuniary interest.
How were the derivative securities on Empery Digital stock treated in this filing?
The derivative position was closed via automatic exercise at expiration. The Form 4 explains that 1,000 call option contracts automatically exercised on May 15, 2026, delivering 100,000 common shares and closing the derivative position at a fixed exercise price of $2.99 per share.
Why does the Empery Digital Form 4 mention Section 16(b) and Rule 16b-6(b)?
The filing cites an exemption from Section 16(b) for the option exercise. It states that closing the derivative position via automatic exercise at expiration and acquiring the underlying shares at a fixed exercise price are exempt under Rule 16b‑6(b), clarifying the regulatory treatment of this transaction.