Zedge (ZDGE) 10% Owner Jonas Howard Buys $6.5M of Class B Stock

What Happened
Jonas S. Howard, a reported 10% owner of Zedge, purchased 2,218,430 shares of Class B common stock in a private placement on 2026-09-25 at $2.93 per share (total ≈ $6,500,010). As part of the same deal he received warrants to purchase 1,996,587 additional Class B shares (the warrants are the derivative interest reported). This is a purchase (not a sale) and represents an investment via a private placement rather than an open-market trade.

Key Details

• Transaction date: 2026-09-25; Form 4 filed 2026-09-29 (appears to be filed late relative to the usual 2-business-day Form 4 deadline).
• Purchased shares: 2,218,430 Class B common shares at $2.93 per share (≈ $6.5M).
• Derivative interest: warrants to purchase 1,996,587 Class B shares (received as part of the same private placement). No separate cash price reported for the warrants.
• Warrant terms (footnote): warrants equal 90% of shares purchased, exercise price $3.22/share, become exercisable on the later of (i) March 25, 2027 or (ii) receipt of required NYSE American stockholder approval; warrants expire five years after the Initial Exercise Date.
• Shares/warrants held indirectly (per filing footnote).
• Filing did not disclose total shares owned after the transaction.

Context

• This was a private placement involving a 10% owner rather than an open-market insider trade; such purchases can reflect an investor stake-building but are not the same as routine executive buys/sells.
• The derivative entry reflects receipt of warrants (not an exercise); warrants have a higher exercise price ($3.22) and limited exercisability until conditions are met.
• The late filing may be relevant to some investors; it does not change the economic terms but affects timeliness of public disclosure.