Form 4: Edgemode CFO Exercises Options, Boosts Stake

Edgemode, Inc.'s Chief Financial Officer, Simon Enrico Wajcenberg, exercised stock options to acquire over 442 million shares of common stock, significantly increasing his beneficial ownership.

Summary

• Simon Enrico Wajcenberg, who serves as Chief Financial Officer, Director, and a 10% Owner of Edgemode, Inc. (EDGM), completed multiple transactions on October 14, 2025.
• He exercised stock options to acquire a total of 442,792,088 shares of Edgemode common stock at an exercise price of $0.005 per share.
• Concurrently, he disposed of 38,786,973 shares of common stock at a price of $0.0571 per share through a cashless exercise to cover the exercise price and/or tax liabilities.
• Following these transactions, Wajcenberg's total beneficial ownership in Edgemode, Inc. increased to 728,917,710 shares of common stock.
• This beneficial ownership includes 54,354,099 shares held by his wife.
• The cashless exercise was approved by the Issuer's Board of Directors and is exempt from Section 16(b) of the Securities Exchange Act of 1934 under Rule 16b-3.

Sentiment

Score: 8

Explanation: The significant increase in beneficial ownership by a key insider (CFO, Director, 10% Owner) through option exercise, coupled with the favorable exercise price relative to the market price, indicates strong insider confidence and a positive outlook for the company.

Positives

• Significant increase in insider ownership, demonstrating strong confidence from the Chief Financial Officer, Director, and 10% owner.
• The exercise of options at a low price ($0.005) compared to the disposition price ($0.0571) indicates a substantial in-the-money value for the options, reflecting a positive view on the company's valuation.
• Board approval of the cashless exercise aligns with corporate governance best practices for insider transactions, ensuring regulatory compliance.

Negatives

• Disposition of 38,786,973 shares, even if for tax/exercise cost, represents a sale of a portion of the acquired shares.

Future Outlook

NA

Industry Context

NA

Corporate Governance

Related Party Transactions

• The reporting person's beneficial ownership includes 54,354,099 shares of common stock held by his wife, indicating a related party holding.

Stakeholder Impact

• Shareholders: Increased insider ownership can be viewed positively, signaling management's belief in the company's future prospects, potentially boosting investor confidence.
• Management/Employees: The exercise of options by a key executive demonstrates alignment of interests with shareholders.

Key Dates

Recommendation

The substantial increase in beneficial ownership by Edgemode's CFO, Director, and 10% owner, Simon Enrico Wajcenberg, through the exercise of deeply in-the-money stock options, signals strong insider confidence in the company's future performance. While some shares were disposed of to cover costs, the net effect is a significant accumulation of shares at a very favorable price. This insider buying activity, especially from a key financial executive, is a strong positive indicator for potential investors, suggesting the stock may be undervalued or poised for growth.

Keywords

Edgemode Inc., EDGM, Simon Enrico Wajcenberg, CFO, Director, 10% Owner, Insider Trading, Form 4, Stock Options, Share Acquisition, Beneficial Ownership, Cashless Exercise