Zedge director buys 221,843 shares at $2.93
A Zedge, Inc. director increased his direct stake through a private placement purchase of Class B shares and associated warrants.
Rhea-AI Filing Summary
Zedge, Inc. director Elliot Gibber reported purchasing securities tied to the company on September 11, 2026. He bought 221,843 shares of Class B common stock in a Private Placement at $2.93 per share, and under the same agreement acquired 199,659 warrants to buy Class B shares at an exercise price of $3.22 per share. After these transactions, he directly holds 461,952 Class B shares (including 120,917 fully vested restricted shares) and 199,659 warrants; no Rule 10b5-1 trading plan is reported.
Positive
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Negative
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Insider Trade Summary
Net Buyer: 421,502 shares
Net Buy
2 txns
Insider
GIBBER ELLIOT
Role
Director
Bought
421,502 shs
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Warrants (right to buy) F1 | 199,659 | -- | -- |
| Purchase | Class B Common Stock, par value $.01 per share F1, F2 | 221,843 | -- | -- |
Holdings After Transaction:
Warrants (right to buy) — 199,659 contracts (Direct);
Class B Common Stock, par value $.01 per share — 461,952 shares (Direct)
Footnotes (2)
- F1. The shares of Class B common stock and the warrants to purchase Class B common stock were purchased under the same agreement in a private offering ("Private Placement") at a price of $2.93 per share of Class B common stock and the purchaser received warrants to purchase 90% of the shares of Class B common stock purchased. Each warrant has an exercise price of $3.22 per share, and will become exercisable on the later of: (i) the date which is six months after the closing date of the Private Placement; and (ii) the date of stockholder approval. The warrants expire on September 10, 2036.
- F2. Consists of 120,917 fully vested shares of Restricted Stock and 341,035 shares held directly, 221,843 shares of which were purchased in a Private Placement.
Key Figures
Class B shares purchased: 221,843 shares
Warrants purchased: 199,659 warrants
Private Placement share price: $2.93 per share
+4 more
7 metrics
Class B shares purchased
221,843 shares
Shares of Class B common stock acquired in the Private Placement on September 11, 2026
Warrants purchased
199,659 warrants
Warrants to purchase Class B common stock acquired on September 11, 2026
Private Placement share price
$2.93 per share
Purchase price for Class B common stock in the Private Placement
Warrant exercise price
$3.22 per share
Exercise price for the warrants to buy Class B common stock
Class B shares held after transaction
461,952 shares
Total direct Class B common stock holdings following the September 11, 2026 purchases
Fully vested restricted shares
120,917 shares
Restricted Stock included within post-transaction Class B holdings
Warrant expiration date
September 10, 2036
Expiration date of the purchased warrants
Key Terms
Private Placement, Restricted Stock, exercise price, stockholder approval, +1 more
5 terms
Private Placement financial
"were purchased under the same agreement in a private offering ("Private Placement")"
A private placement is a sale of securities directly to a selected group of investors, typically institutions or accredited investors, instead of through a public offering. It lets a company raise money faster and with fewer regulatory steps; for existing shareholders it matters because the newly issued shares, often sold at a discount, increase the share count and can dilute their ownership.
Restricted Stock financial
"Consists of 120,917 fully vested shares of Restricted Stock and 341,035"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
exercise price financial
"Each warrant has an exercise price of $3.22 per share, and will become"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
stockholder approval regulatory
"later of: (i) the date which is six months after the closing date ... and (ii) the date of stockholder approval."
Stockholder approval is formal consent given by a company’s shareholders, usually through a vote at a meeting or by proxy, for major actions such as mergers, asset sales, changes to corporate structure, or amendments to governance rules. Investors pay attention because the vote can enable or block steps that materially change a company’s direction, ownership or value—like neighbors voting to allow a major renovation that would alter a building’s use and worth.
Class B common stock financial
"The shares of Class B common stock and the warrants to purchase Class B"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did ZDGE director Elliot Gibber buy in this Form 4 filing?
He purchased 221,843 shares of Zedge Class B common stock in a Private Placement and acquired 199,659 warrants to purchase additional Class B shares, with all transactions dated September 11, 2026.
What prices apply to the ZDGE securities bought by Elliot Gibber?
The Class B common stock was purchased at $2.93 per share. The accompanying warrants have an exercise price of $3.22 per share for the underlying Class B common stock.
When can the ZDGE warrants purchased by Elliot Gibber be exercised and when do they expire?
Each warrant becomes exercisable on the later of six months after the Private Placement closing date or the date of stockholder approval, and the warrants expire on September 10, 2036.
Was Elliot Gibber’s ZDGE purchase made under a Rule 10b5-1 trading plan?
No. The filing indicates that no Rule 10b5-1 trading plan applies to these transactions.
What portion of Elliot Gibber’s ZDGE holdings are restricted stock?
Out of his 461,952 Class B shares held after the transactions, 120,917 are fully vested shares of Restricted Stock, with the remainder held directly as regular Class B common stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
