secwatch.observer — SEC 8-K summary
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Issuer:     Edgemode, Inc. (EDGM)
CIK:        0001652958
Form:       8-K
Filed at:   2025-04-02T23:59:59+00:00
Accession:  0001683168-25-002224
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825002224/0001683168-25-002224-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1652958/000168316825002224/edgemode_8k.htm
  HTML page:      https://secwatch.observer/filing/0001683168-25-002224

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer