Form 4: Empery Digital Co-CEO Boosts Stake in Company

Empery Digital Co-CEO Ryan Lane reported significant indirect acquisitions of common stock totaling 150,000 shares across three days in December 2025.

Summary

• Ryan M. Lane, Co-Chief Executive Officer and Director of Empery Digital Inc. (EMPD), reported the indirect acquisition of 150,000 shares of common stock.
• The acquisitions occurred over three separate transactions: 50,000 shares on December 4, 2025, 50,000 shares on December 5, 2025, and 50,000 shares on December 8, 2025.
• The shares were purchased by Empery Asset Master, LTD, Empery Tax Efficient, LP, and Empery Tax Efficient III, LP (collectively, the "Empery Purchasers").
• The weighted average purchase prices were $5.0591 on December 4, 2025, $4.7472 on December 5, 2025, and $4.7501 on December 8, 2025.
• Following these transactions, Ryan M. Lane's indirect beneficial ownership increased from 2,526,594 shares to 2,676,594 shares.
• Lane disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, as he is a Managing Member of the General Partner of the Investment Manager for the Empery Purchasers.

Sentiment

Score: 8

Explanation: The consistent indirect acquisition of a significant number of shares by a Co-CEO and Director indicates strong insider confidence in the company's future performance and valuation, which is generally a positive signal for investors.

Positives

• The Co-Chief Executive Officer and Director's consistent acquisition of company shares signals strong insider confidence in Empery Digital's future prospects and valuation.
• The increase in beneficial ownership by a key executive aligns management's interests more closely with those of shareholders.

Future Outlook

This Form 4 filing does not contain specific forward-looking statements or guidance regarding the company's future performance or strategic direction. It solely reports insider trading activity.

Management Comments

• Ryan M. Lane, as Managing Member of Empery AM GP, LLC (the general partner of Empery Asset Management, LP, the investment manager to the Empery Purchasers), disclaims beneficial ownership of the acquired securities except to the extent of his pecuniary interest therein.

Industry Context

Insider buying, particularly by a Co-CEO and Director, is often interpreted by the market as a strong signal of management's confidence in the company's intrinsic value and future growth prospects. It suggests that the insider believes the stock is undervalued at current prices, potentially indicating a positive outlook despite any short-term market fluctuations.

Related Party Transactions

• The shares were purchased by Empery Purchasers (Empery Asset Master, LTD, Empery Tax Efficient, LP, and Empery Tax Efficient III, LP). Ryan M. Lane is a Managing Member of Empery AM GP, LLC, which is the general partner of Empery Asset Management, LP, the investment manager to the Empery Purchasers. This structure indicates a related party transaction where the reporting person has an indirect pecuniary interest and influence over the purchasing entities.

Stakeholder Impact

• Shareholders may view this insider buying as a positive indicator, potentially increasing investor confidence and demand for the stock.
• Employees might perceive this as a sign of stability and positive future outlook for the company.

Key Dates

Recommendation

The Co-CEO and Director's consistent acquisition of shares, particularly as prices slightly dipped over the reported period, indicates strong conviction in Empery Digital's valuation and future performance. This insider buying suggests management believes the stock is undervalued or poised for growth, making it a compelling 'buy' signal for seasoned investors.

Keywords

Empery Digital, EMPD, Ryan Lane, insider buying, stock acquisition, beneficial ownership, Form 4, corporate governance