The exit filing signals that Mr. Stedham is no longer a significant insider from a 13D perspective, reducing any perceived governance overhang. Monitor the issuer's post-merger operational performance and any further insider transactions.
Price Chart
Executive Summary
Adam H. Stedham filed Amendment No. 2 to his Schedule 13D, which serves as an exit filing. Following the closing of the merger with Open Word Ltd. on September 30, 2026, and a 1-for-10 reverse stock split, his beneficial ownership dropped below 5% of the issuer's outstanding shares. He now holds 83,361 shares (0.6% of 13,407,360 shares outstanding), down from a prior above-5% stake.
Key Financial Metrics
Key Facts
- This Amendment No. 2 is an exit filing for Mr. Stedham, who ceased to be a >5% beneficial owner effective September 30, 2026.
- Mr. Stedham beneficially owns 83,361 shares, representing 0.6% of 13,407,360 shares outstanding post-merger and reverse stock split.
- The filing reflects the 1-for-10 reverse stock split effective September 29, 2026, and the name change from VerifyMe, Inc. to OpenWorld, Inc. effective October 1, 2026.
- On September 30, 2026, 55,000 RSUs vested into shares; 18,590 shares were withheld for tax obligations at $8.14 per share.
Financial Impact
Mr. Stedham's stake dropped from above 5% to 0.6% post-merger and reverse split; no direct financial impact on the company.
Risk Factors
- No material risks identified from this routine exit filing.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D/A Filing (Primary) | 0000891839-26-000433 |
| Document: 0000891839-26-000433-index.html | 0000891839-26-000433 |
| Document: 0000891839-26-000433.txt | 0000891839-26-000433 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | $1.60 | awaiting T+5 | — | $1.48 (−7.49%) |
Oct 26, 2026 today | Press Release | $1.60 | awaiting T+5 | — | $1.48 (−7.49%) |
Oct 26, 2026 1d ago | Press Release | $1.61 | awaiting T+5 | — | $1.48 (−8.19%) |
Oct 19, 2026 8d ago | 8-K | $2.17 $1.48 | ▼ −31.80% | ▼ −31.65% | $1.48 (−31.80%) |
Oct 16, 2026 10d ago | 8-K | $2.17 $1.49 | ▼ −31.36% | ▼ −31.21% | $1.48 (−31.80%) |
Oct 15, 2026 12d ago | 8-K | $2.87 $1.81 | ▼ −36.93% | ▼ −35.92% | $1.48 (−48.43%) |
Oct 7, 2026 19d ago | SC 13D | $5.28 $2.87 | ▼ −45.64% | ▼ −45.37% | $1.48 (−71.97%) |
Oct 7, 2026 19d ago | SC 13D | $5.28 $2.87 | ▼ −45.64% | ▼ −45.37% | $1.48 (−71.97%) |
Oct 7, 2026 20d ago | 8-K | $6.06 $3.05 | ▼ −49.67% | ▼ −48.69% | $1.48 (−75.58%) |
Oct 6, 2026 20d ago | 144 | $6.20 $3.34 | ▼ −46.13% | ▼ −45.99% | $1.48 (−76.13%) |
US Market Status
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