Mora Jose Antonio 4

What Happened
Jose Antonio Mora, a director of an Edgemode subsidiary, was issued 400,000,000 shares of Edgemode common stock on March 23, 2026 as consideration for terminating previously held stock options under an Addendum to the Joint Venture Agreement. The filing lists the per-share price as $0.01 (aggregate reported value in the filing shown as $2,600,000 — note this arithmetic appears inconsistent with 400,000,000 × $0.01 = $4,000,000). Earlier in January 2026 the filing also reports two derivative dispositions to the issuer (250,000,000 on Jan 22 and 150,000,000 on Jan 27) related to those stock options; those dispositions are recorded at $0 value (options terminated).

Key Details

• Primary issuance: 400,000,000 shares on 2026-03-23 at $0.01 per share (aggregate value in the filing listed as $2,600,000; implied math would be $4,000,000).
• Prior derivative dispositions: 250,000,000 shares (2026-01-22) and 150,000,000 shares (2026-01-27) reported as dispositions to the issuer at $0 (these reflect termination of options).
• Filing date / Period of Report: Form 4 filed 2026-03-30 covering transactions on 2026-03-23.
• Beneficial ownership: The new shares are held by EMM International Investment Ltd, an entity beneficially owned and controlled by Mr. Mora (per footnote). The filing does not state total post-transaction beneficial ownership in the summary provided here.
• Footnotes: Shares issued pursuant to Addendum No.2 to the JVA in exchange for terminating stock options; transaction exempt from Section 16(b) under Rule 16b-3 and approved in advance by the issuer’s board. Options were non-qualified and had original expiration dates listed (Jan 22, 2031 and Jan 27, 2031 or earlier upon termination of the JVA).
• Timeliness: Filing date is shown as Mar 30, 2026 for a Mar 23, 2026 transaction (the filing itself lists those dates; no separate late-filing flag provided here).

Context

• This was not an open-market buy or sale: it’s an issuance in exchange for terminating options under a contractual agreement. Such exchanges are typically administrative/corporate restructurings rather than routine insider market trades.
• The filing treats the January entries as derivative dispositions (options surrendered/terminated) and the March entry as issuance of common stock to the reporting person’s controlled entity.
• The transaction was reported as exempt from short-swing profit rules under Rule 16b-3 because it was pre-approved by the board.