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

Empery Digital Co-Chief Executive Officer Ryan M. Lane reported significant indirect acquisitions of common stock in December 2025.

Summary

• Ryan M. Lane, Co-Chief Executive Officer and Director of Empery Digital Inc. (EMPD), reported multiple indirect acquisitions of the company's common stock.
• On December 11, 2025, 62,956 shares of common stock were purchased at a weighted average price of $4.7813 per share.
• On December 12, 2025, an additional 92,341 shares were acquired at a weighted average price of $4.7277 per share.
• A further 98,454 shares were purchased on December 15, 2025, at a weighted average price of $4.3147 per share.
• These shares were purchased by Empery Asset Master, LTD, Empery Tax Efficient, LP, and Empery Tax Efficient III, LP (collectively, the 'Empery Purchasers').
• Following these transactions, the total indirect beneficial ownership attributed to Ryan M. Lane increased to 2,930,345 shares of common stock.
• The reporting person, as a Managing Member of the General Partner of the Investment Manager, may be deemed a beneficial owner but disclaims beneficial ownership except to the extent of his pecuniary interest.

Sentiment

Score: 7

Explanation: The sentiment is positive due to significant insider buying by a key executive, indicating confidence in the company's valuation and future prospects. While the share price declined slightly during the purchase period, the act of buying itself is a strong positive signal.

Positives

• Increased insider ownership by a Co-Chief Executive Officer and Director signals confidence in the company's future prospects.
• The acquisitions demonstrate alignment of management's interests with those of shareholders.

Future Outlook

This filing does not contain forward-looking statements or guidance regarding the company's future performance.

Management Comments

• Ryan M. Lane, as Managing Member of Empery AM GP, LLC, the general partner of the Investment Manager, may be deemed to be the beneficial owner of all common stock held by the Empery Funds.
• The Reporting Person disclaims beneficial ownership of such securities except to the extent of his pecuniary interest therein.

Industry Context

This insider transaction report reflects an individual executive's investment decision and does not directly provide broader industry trend analysis or competitive positioning.

Related Party Transactions

• The shares were purchased by Empery Purchasers (Empery Asset Master, LTD, Empery Tax Efficient, LP, and Empery Tax Efficient III, LP), which are funds managed by Empery Asset Management, LP. The reporting person, Ryan M. Lane, is a Managing Member of Empery AM GP, LLC, the general partner of the Investment Manager, establishing a related party relationship for these transactions.

Stakeholder Impact

• Shareholders may view the increased insider ownership as a positive signal, suggesting management believes the stock is undervalued or has strong growth potential, potentially boosting investor confidence.
• The transactions align the interests of the Co-CEO more closely with those of other shareholders.

Key Dates

Recommendation

The significant insider buying by a Co-Chief Executive Officer is a strong positive signal, indicating management's confidence in the company's future. While this alone doesn't warrant an immediate 'buy' without a broader financial analysis, it suggests a 'hold' is appropriate, as it implies potential upside and strong internal belief in the company's value.

Keywords

Empery Digital Inc., EMPD, Ryan M. Lane, Insider Buying, Common Stock, Beneficial Ownership, SEC Form 4, Director, Co-Chief Executive Officer, Equity Acquisition