Edgemode CEO Granted 350M Performance Options, Boosting Stake to 35%

summarizeSummary

Edgemode's CEO, Charles Faulkner, received 350 million performance-based stock options tied to significant AI data center and fuel cell supply agreements, increasing his beneficial ownership to 35% and solidifying his control.

check_boxKey Events · Ownership and Investor Activity · EDGM

• CEO Granted 350 Million Performance Options

  Charles Faulkner, CEO and Director, was granted 350,000,000 non-qualified stock options on February 10, 2026.

• Options Tied to Major Strategic Milestones

  The options vest upon achieving two critical conditions: securing a 100 MW solid oxide fuel cell supplier and closing a 100 MW AI data center site sale, aligning with the company's recent AI data center joint venture announced on January 28, 2026.

• Beneficial Ownership Increases to 35%

  Faulkner's beneficial ownership now totals 1,104,518,284 shares, representing approximately 35.0% of the common stock.

• Enhanced Control Through Preferred Stock

  Faulkner also holds one share of Series D Preferred Stock, which grants him additional voting power equal to 25.5% of the issued and outstanding common stock.

auto_awesomeAnalysis · EDGM · Industrial Applications And Services

This Schedule 13D/A reveals a substantial performance-based option grant to CEO Charles Faulkner, directly aligning his incentives with critical strategic milestones. The 350 million options, representing over 11% of outstanding shares, are contingent on securing a 100 MW solid oxide fuel cell supplier and a 100 MW AI data center site sale. This move significantly increases Faulkner's beneficial ownership to 35% and reinforces his control, especially when considering his Series D Preferred Stock voting power. This follows the company's recent joint venture for AI data centers and ongoing capital-raising efforts, signaling a strong commitment from leadership to execute on key growth initiatives.