Empery Digital Inc. Schedule 13G filing reports that DRW Investments, LLC; DRW Holdings, LLC; and Donald R. Wilson, Jr. each beneficially own 1,886,847 shares of Common Stock, representing 6.71% of the class as reported. The filing lists sole voting and dispositive power for each reporting person.
Positive
None.
Negative
None.
Insights
Passive 13G ownership disclosed: a single investor group holds a meaningful minority stake.
The filing shows DRW Investments, DRW Holdings and Donald R. Wilson, Jr. each report 1,886,847 shares (6.71%) with sole voting and dispositive power. The consistent figures and signatures indicate coordinated disclosure by related entities.
Implications depend on future filings: any shift to active intent or a Schedule 13D would change regulatory status. Subsequent amendments could show acquisitions or dispositions; timing and cash‑flow treatment are not disclosed in this excerpt.
Key Figures
Shares beneficially owned:1,886,847 sharesPercent of class:6.71%CUSIP:92864V608
3 metrics
Shares beneficially owned1,886,847 sharesAmount reported for each of DRW Investments, DRW Holdings, and Donald R. Wilson, Jr.
Percent of class6.71%Percent of common stock reported for each reporting person
CUSIP92864V608Common Stock identifier reported on the Schedule 13G
Key Terms
Schedule 13G, Beneficially owned, Sole dispositive power
3 terms
Schedule 13Gregulatory
"Item 1. (a) Name of issuer: Empery Digital Inc."
A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole dispositive powerregulatory
"Item 4. (c)(iii) Sole power to dispose or to direct the disposition of: DRW Investments, LLC, 1,886,847 shares"
Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Empery Digital Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
92864V608
(CUSIP Number)
03/31/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
schemaVersion:
SCHEDULE 13G
CUSIP Number(s):
92864V608
1
Names of Reporting Persons
DRW Holdings, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,886,847.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,886,847.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,886,847.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
92864V608
1
Names of Reporting Persons
DRW Investments, LLC
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
ILLINOIS
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,886,847.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,886,847.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,886,847.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
OO
SCHEDULE 13G
CUSIP Number(s):
92864V608
1
Names of Reporting Persons
Donald R. Wilson, Jr.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
UNITED STATES
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
1,886,847.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
1,886,847.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
1,886,847.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
6.7 %
12
Type of Reporting Person (See Instructions)
IN
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
Empery Digital Inc.
(b)
Address of issuer's principal executive offices:
3121 EAGLES NEST, SUITE 120, ROUND ROCK, TEXAS, 78665.
Item 2.
(a)
Name of person filing:
DRW Investments, LLC, DRW Holdings, LLC and Donald R. Wilson, Jr.
(b)
Address or principal business office or, if none, residence:
DRW Investments, LLC, DRW Holdings, LLC and Donald R. Wilson, Jr., 540 West Madison Street, Suite 2500, Chicago, Illinois 60661
(c)
Citizenship:
DRW Investments, LLC - Illinois limited liability company;
DRW Holdings, LLC - Delaware limited liability company;
Donald R. Wilson, Jr. - United States citizen
(d)
Title of class of securities:
Common Stock
(e)
CUSIP Number(s):
92864V608
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
DRW Investments, LLC, 1,886,847 shares
DRW Holdings, LLC, 1,886,847 shares
Donald R. Wilson, Jr., 1,886,847 shares
(b)
Percent of class:
DRW Investments, LLC, 6.71%
DRW Holdings, LLC, 6.71%
Donald R. Wilson, Jr., 6.71%
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
DRW Investments, LLC, 6.71%
DRW Holdings, LLC, 6.71%
Donald R. Wilson, Jr., 6.71%
(ii) Shared power to vote or to direct the vote:
All Reporting Persons - 0
(iii) Sole power to dispose or to direct the disposition of:
DRW Investments, LLC, 1,886,847 shares
DRW Holdings, LLC, 1,886,847 shares
Donald R. Wilson, Jr., 1,886,847 shares
(iv) Shared power to dispose or to direct the disposition of:
All Reporting Persons - 0
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 Percent on Behalf of Another Person.
Not Applicable
Item 7.
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
Not Applicable
Item 8.
Identification and Classification of Members of the Group.
Not Applicable
Item 9.
Notice of Dissolution of Group.
Not Applicable
Item 10.
Certifications:
Not Applicable
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
What stake does DRW report in Empery Digital (EMPD)?
DRW reports beneficial ownership of 1,886,847 shares, equal to 6.71% of Empery Digital's common stock. The filing lists both sole voting and sole dispositive power for the reported shares on 05/14/2026.
Who are the filing parties listed on the Schedule 13G for EMPD?
The reporting persons are DRW Investments, LLC, DRW Holdings, LLC, and Donald R. Wilson, Jr. All three are listed at the same principal business address in Chicago and signed the filing on 05/14/2026.
Does the Schedule 13G indicate shared voting power for DRW's position?
No. The filing shows sole voting power and sole dispositive power for each reporting person and records 0 shared voting and 0 shared dispositive power for the reported shares.
What CUSIP and security class are reported in the filing?
The filing identifies the security as Common Stock with CUSIP 92864V608. The reported ownership figures and percentages apply to that class of common stock as stated in the Schedule 13G.
Does this Schedule 13G indicate active intent to influence Empery Digital?
This Schedule 13G is a passive ownership disclosure; it does not state active intent. Any change in intent would normally be disclosed by an amended filing such as a Schedule 13D; such a change is not shown in the provided excerpt.
