This is a routine insider ownership disclosure following a merger — not an activist filing. Monitor the company's next 8-K or 10-Q for any strategic shifts or capital allocation plans from the controlling shareholder-CEO.
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Executive Summary
Matthew Ian Shaw, the CEO and Chairman of OpenWorld, Inc. (formerly VerifyMe, Inc.), filed a Schedule 13D disclosing beneficial ownership of 6,361,843 shares, representing 47.2% of the company's outstanding common stock. The stake was acquired through the conversion of shares of OpenWorld Ltd. in connection with the merger that closed on September 30, 2026. The filing states no present plans for any of the actions listed in Item 4 of Schedule 13D, indicating this is a passive insider ownership disclosure rather than an activist campaign.
Key Financial Metrics
Key Facts
- Matthew Ian Shaw, CEO and Chairman, beneficially owns 47.2% of OpenWorld, Inc. common stock as of September 30, 2026.
- The 6,361,843-share stake was acquired via conversion of OpenWorld Ltd. shares in the merger that closed on September 30, 2026, at a ratio of 1:77.27.
- No monetary consideration was paid for the conversion; the stake consists of 685,923 shares held directly by Shaw, 4,989,997 shares held by Webslinger Holdings Inc., and 685,923 shares held by Beech Holdings Ltd.
- The filing explicitly states no present plans or proposals for any of the matters described in Item 4 of Schedule 13D (e.g., board changes, strategic review, sale).
- The percentage is based on 13,472,360 shares outstanding as of September 30, 2026.
Financial Impact
No financial impact — this is a passive insider ownership disclosure following a merger conversion, not an activist campaign or capital markets transaction.
Risk Factors
- The CEO/Chairman's 47.2% controlling stake creates significant governance concentration risk for minority shareholders.
- No present plans stated, but the controlling shareholder could initiate material corporate actions without a formal Schedule 13D amendment if plans change.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D Filing (Primary) | 0000891839-26-000460 |
| Document: 0000891839-26-000460-index.html | 0000891839-26-000460 |
| Document: 0000891839-26-000460.txt | 0000891839-26-000460 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | Press Release | — | awaiting T+1 | — | — |
Oct 19, 2026 7d ago | 8-K | $2.17 $1.98 | ▼ −8.76% | ▼ −9.09% | $1.47 (−32.11%) |
Oct 16, 2026 9d ago | 8-K | $2.17 $1.98 | ▼ −8.76% | ▼ −9.09% | $1.47 (−32.11%) |
Oct 15, 2026 11d ago | 8-K | $2.87 $2.66 | ▼ −7.32% | ▼ −6.21% | $1.47 (−48.67%) |
Oct 7, 2026 18d ago | SC 13D | $5.28 $4.47 | ▼ −15.34% | ▼ −15.94% | $1.47 (−72.10%) |
Oct 7, 2026 18d ago | SC 13D | $5.28 $4.47 | ▼ −15.34% | ▼ −15.94% | $1.47 (−72.10%) |
Oct 7, 2026 19d ago | 8-K | $6.06 $5.28 | ▼ −12.87% | ▼ −12.45% | $1.47 (−75.69%) |
Oct 6, 2026 19d ago | 144 | $6.20 $6.06 | ▼ −2.26% | ▼ −2.02% | $1.47 (−76.24%) |
Oct 2, 2026 23d ago | SC 13D/A | $5.93 $6.20 | ▲ +4.55% | ▲ +4.00% | $1.47 (−75.16%) |
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