---
schema_version: "secwatch.filing_event.v1"
accession: "0001683168-25-002224"
form_type: "8-K"
ticker: "EDGM"
cik: "0001652958"
company_name: "Edgemode, Inc."
filed_at: "2025-04-02T23:59:59+00:00"
generated_at: "2026-05-23T23:44:52.919880+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Edgemode reduces CEO/CFO option exercise prices to $0.005/share in exchange for $100k accrued salary conversion

## Summary
- CEO Faulkner and CFO Wajcenberg each converted $50k of accrued salary to reduce option exercise price to $0.005/share.
- Options cover ~185.6M shares per executive from three grants (Jan 2022, Sep 2022, Mar 2023) originally priced $0.04-$0.10.
- Accrued salaries of $173k (CEO) and $130k (CFO) had been outstanding; only $50k per executive converted.

## SEC filing metadata
- accession: 0001683168-25-002224
- form_type: 8-K
- ticker: EDGM
- cik: 0001652958
- company_name: Edgemode, Inc.
- filed_at: 2025-04-02T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1652958/000168316825002224/0001683168-25-002224-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1652958/000168316825002224/edgemode_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001683168-25-002224
- JSON: https://secwatch.observer/filing/0001683168-25-002224.json
- Plain text: https://secwatch.observer/filing/0001683168-25-002224.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.