CEO Michael Wu's Stake Restated at 19.1% After 65.8M-Share Transfers and 23.5M Award
AMBR sits 78% above its 52-week low of $0.83 on light trading volume (0.2× avg).
Summary
A Schedule 13D amendment restates CEO Michael Wu's beneficial ownership at 94,198,422 Class A shares (19.1%) after 65.8M shares left his control and a 23.5M Class B award came in. Amber Fort Limited exits the 5% club; Mars Wayfinder joins as a reporting person with 12.2%.
Key Events · Ownership and Investor Activity · AMBR
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CEO Stake Restated at 19.1%
Mr. Yuao (Michael) Wu beneficially owns 94,198,422 Class A shares on an as-converted basis, equal to 19.1% of the class, per the cover page and Item 5.
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65.8M Shares Left His Control
Transfers after Amendment No. 1 cut his aggregate ownership by 11,729,691 shares to Celeste Core Inc. for US$1.00, 48,663,287 shares to Amber Zillion Limited as dividends and 5,441,348 shares to Hanover Moon and Mirabilis Mythos in PSU settlement.
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23.5M Class B Award Issued
Shareholders approved and the company issued 23,469,189 Class B shares to Mr. Wu on October 23, 2026; each Class B share carries 30 votes versus one for Class A.
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Amber Fort Files Exit
Amber Fort Limited fell below 5% ownership as of June 11, 2026 and now reports 20,888,979 Class A shares, or 4.8%; this amendment is its exit filing.
Analysis · AMBR · Crypto Assets
The headline here is control, not selling pressure: this amendment puts hard numbers on how CEO Michael Wu's stake was reshaped over the past five months. He gave up 65,834,326 Class A shares through dividends to Amber Zillion Limited, a nominal US$1.00 transfer to Celeste Core Inc. and PSU settlements, then received 23,469,189 Class B shares under the incentive award shareholders approved on October 23. On an as-converted basis he now holds 94,198,422 shares, or 19.1% of the class — but because each Class B share carries 30 votes, his voting control remains far above that economic stake. Amber Fort Limited drops below 5% and files an exit, while Mars Wayfinder becomes a named reporting person holding 12.2%. The transfers were private and mostly non-cash, so the read-through is about who controls the company, not about selling pressure in the market.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, AMBR was trading at $1.48 on NASDAQ in the Crypto Assets sector, with a market capitalization of approximately $157.4M. The 52-week trading range was $0.83 to $3.16. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.