Form 4: Edgemode CEO Acquires Series C Preferred Stock for Charter Amendment Vote

Edgemode, Inc. CEO Charles Thomas Faulkner acquired Series C Preferred Stock to vote on a Charter Amendment.

Summary

• On March 3, 2025, Charles Thomas Faulkner, CEO of Edgemode, Inc., acquired Series C Preferred Stock.
• This acquisition is related to a vote on a Charter Amendment to increase the company's authorized capital.
• The Series C Preferred Stock grants the holder voting power equal to one vote more than the total combined voting power of the company's common stock, but only for the approval of the Charter Amendment.
• The Series C Preferred Stock will be automatically surrendered and cancelled for no consideration following the Charter Amendment.
• The Series C Preferred Stock is not convertible and does not have any redemption, preferential dividend or liquidation rights.

Sentiment

Score: 5

Explanation: The document is a neutral regulatory filing. The sentiment is neither positive nor negative as it simply reports a transaction.

Future Outlook

The document does not contain any specific forward-looking statements beyond the intended vote on the Charter Amendment.

Industry Context

This filing is a routine disclosure related to insider transactions and corporate governance matters. The acquisition of preferred stock specifically for a vote on a charter amendment is not uncommon, particularly when a company needs to increase its authorized capital.

Stakeholder Impact

• Shareholders will be impacted by the potential increase in authorized capital if the Charter Amendment is approved.

Next Steps

• Edgemode will proceed with the vote on the Charter Amendment.
• The Series C Preferred Stock will be cancelled following the Charter Amendment vote.

Key Dates