Faulkner Charles Thomas 4
Research Summary
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Edgemode (EDGM) CEO Charles Faulkner Receives 350M-Share Option Grant
What Happened Charles Thomas Faulkner, CEO of Edgemode, was awarded derivative securities on 2026-02-10 giving him the right to acquire 350,000,000 shares. The Form 4 reports an exercise/strike price of $0.00 and a reported dollar amount of $0 for the grant (transaction code A — award/grant). This is a grant of options/rights, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-10; Form 4 filed: 2026-02-12 (filed within the usual two-business-day deadline).
- Security/amount: derivative award representing 350,000,000 shares; reported price $0.00; reported value $0 on the Form 4.
- Shares owned after transaction: not stated in the filing.
- Footnote (performance vesting): 50% vests upon closing a purchase agreement with a solid oxide fuel cell supplier for ≥100 MW (as determined by the board); remaining 50% vests upon closing an AI data center site sale agreement for ≥100 MW (board-determined).
- Transaction code: A (award/grant); this is a performance-contingent option grant, not an immediate sale or purchase.
Context This was a performance-based derivative grant that vests only if specified corporate milestones (two separate ≥100 MW transactions) are met. Derivative awards do not create immediate proceeds unless/until exercised and shares are sold; the Form 4 reports the grant and the vesting conditions but not realized economic value.