Wajcenberg Simon Enrico 4
Research Summary
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Edgemode (EDGM) CFO Wajcenberg Receives 350M-Share Award
What Happened
Wajcenberg Simon Enrico, Edgemode’s Chief Financial Officer, received a grant (transaction code A) of 350,000,000 derivative securities reported on Feb 10, 2026. The Form 4 lists an acquisition price of $0.00 (i.e., no immediate cash paid). This is an award of stock options/derivative securities, not an open-market purchase or sale.
Key Details
- Transaction date: 2026-02-10 (reported on Form 4 filed 2026-02-12). Filing appears timely.
- Transaction type/code: A = Award/Grant (derivative).
- Quantity and price: 350,000,000 derivative shares/options @ $0.00 reported.
- Shares owned after transaction: Not disclosed in this Form 4.
- Footnote: Vesting is milestone-based (see below).
- No immediate cash changed hands and no shares were exercised or sold in this filing.
Context
- The footnote states the stock options vest and become exercisable in two equal tranches: 50% upon closing a purchase agreement with a solid oxide fuel cell supplier for a minimum 100 MW capacity (as determined by the Board), and the remaining 50% upon closing an AI data center site sale agreement for a minimum 100 MW capacity (as determined by the Board).
- Because these are option/derivative awards with milestone vesting, they do not increase outstanding common shares or represent a current purchase of stock; exercise (and any subsequent sale) would be reported separately in future filings.
- This is a grant to an executive and should be read as a compensation/retention-related award tied to specific corporate milestones; it is factual reporting, not a commentary on intent or market view.