SCHEDULE: Empery Digital Inc. Stakeholder Reports Share Sale

Empery Asset Management, LP and Ryan M. Lane have amended their Schedule 13D filing, reporting a substantial sale of Empery Digital Inc. common stock.

Summary

• This filing is an amendment (Amendment No. 4) to a Schedule 13D, originally filed on July 24, 2025, concerning shares of Empery Digital Inc. common stock.
• Empery Asset Management, LP (reporting person) now beneficially owns 4,830,345 shares, representing 17.15% of the outstanding common stock.
• Ryan M. Lane (reporting person) beneficially owns 4,930,345 shares, representing 17.51% of the outstanding common stock.
• The aggregate cost for Empery Funds' shares was approximately $33,134,382, funded by working capital.
• The aggregate cost for Mr. Lane's shares was approximately $1,000,000, funded by personal funds.
• Transactions since the last amendment include a sale of 500,000 shares by the reporting persons on September 1, 2026, at a weighted average price of $3.5862.

Sentiment

Score: 4

Explanation: StockSavvy.ai views this as a neutral to slightly negative filing, primarily due to the significant sale of shares by a major holder, which could indicate a lack of confidence or a strategic exit, despite the absence of explicit negative commentary.

Positives

• The reporting persons continue to hold a significant stake in Empery Digital Inc., indicating ongoing interest.
• The filing details the source of funds for share acquisitions, providing transparency.

Negatives

• A substantial sale of 500,000 shares occurred on September 1, 2026, which could signal a reduction in the reporting persons' confidence or a strategic divestment.
• The shares held by Empery Funds may be in margin accounts and pledged as collateral, introducing potential leverage and risk.

Risks

• The sale of a significant number of shares by major holders could negatively impact the stock price.
• Shares held in margin accounts are subject to margin calls and potential forced liquidation.
• The reliance on working capital for acquisitions by Empery Funds means that liquidity constraints could affect future investments.

Future Outlook

No specific forward-looking statements or guidance are provided in this amendment. The filing primarily details past transactions and current beneficial ownership.

Management Comments

• "Positions in the shares of Common Stock may be held in margin accounts of the Empery Funds and may be pledged as collateral security for the repayment of debit balances in such accounts."
• "Since other securities may be held in such margin accounts, it may not be possible to determine the amounts, if any, of margin used to purchase the shares of Common Stock held by the Empery Funds."
• "The Reporting Persons will undertake to provide to the staff of the SEC, upon request, full information regarding the shares of Common Stock sold or purchased at each separate price."

Industry Context

StockSavvy.ai notes that Schedule 13D filings are crucial for tracking significant changes in beneficial ownership, often signaling shifts in investor sentiment or strategy. The sale of a substantial block of shares by a known holder like Empery Asset Management, LP, especially in a potentially volatile market, warrants close observation by other investors.

Stakeholder Impact

• Shareholders may be impacted by the sale of a significant block of shares, potentially affecting stock price and market sentiment.
• Creditors of Empery Funds could be affected if pledged shares are subject to margin calls or liquidation.

Next Steps

• The reporting persons will continue to monitor the business and affairs of the Company.
• The reporting persons may, from time to time, purchase additional shares of Common Stock or other securities of the Company, or may sell or otherwise dispose of shares of Common Stock or other securities of the Company.
• The reporting persons may engage in discussions with management, the board of directors, other shareholders, or other relevant parties concerning the Company's business, strategy, and prospects.

Key Dates

Recommendation

The filing indicates a significant sale of shares by a major holder, which is a negative signal. However, the reporting persons still maintain a substantial stake and reserve the right to acquire more shares, suggesting continued interest. Without further negative catalysts or positive developments from the company, a 'hold' position is prudent, allowing for observation of future actions and market reaction.

Keywords

Empery Digital Inc., Schedule 13D, Beneficial Ownership, Stock Sale, Investment Management, Common Stock, SEC Filing, Shareholder Activity