This is a routine insider ownership disclosure following a merger — not an activist filing. The Reporting Persons disclaim any plans for board or strategic changes. Monitor future 13D amendments for any change in intent or additional share accumulation, but no near-term catalyst is present.
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Executive Summary
Gerard Hernandez, Chief Accounting Officer of OpenWorld, Inc. (formerly VerifyMe, Inc.), and his wholly owned entity GM Consulting Group Inc. filed a Schedule 13D disclosing beneficial ownership of 702,999 shares (5.1% of common stock) following the September 30, 2026 merger of OpenWorld Ltd. into the issuer. The stake was acquired through the conversion of pre-merger OpenWorld Ltd. equity interests and stock options, with no cash consideration paid. The filing states no present plans for changes to the board, strategy, or operations, making this a passive insider ownership disclosure rather than an activist campaign.
Key Financial Metrics
Key Facts
- Gerard Hernandez (CAO) and GM Consulting Group Inc. beneficially own 702,999 shares of OpenWorld, Inc. common stock, representing 5.1% of outstanding shares as of September 30, 2026.
- The stake includes 386,348 shares from conversion of GM Consulting's OpenWorld Ltd. shares, 17,077 shares from LB2 Capital Partners LLC's conversion, and 299,574 shares underlying exercisable stock options.
- The ownership arose from the merger of OpenWorld Ltd. into the issuer on September 30, 2026, with no monetary consideration paid for the conversions.
- The Reporting Persons explicitly state they have no present plans or proposals regarding matters in Item 4 of Schedule 13D (no board changes, strategic review, or sale demands).
- Hernandez holds an employment agreement with the issuer dated September 30, 2026, and the stock options have exercise prices of $2.18 and $6.51 per share.
Financial Impact
No direct financial impact; the 5.1% stake was acquired via merger conversion without cash outlay. The stock options have exercise prices of $2.18 and $6.51 per share.
Risk Factors
- Potential future insider selling if Hernandez or GM Consulting decide to dispose of shares, though no such plans are stated.
- Dilution risk from the 299,574 exercisable stock options, though exercise is at Hernandez's discretion.
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| SC 13D Filing (Primary) | 0000891839-26-000459 |
| Document: 0000891839-26-000459-index.html | 0000891839-26-000459 |
| Document: 0000891839-26-000459.txt | 0000891839-26-000459 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | 8-K | $1.60 | awaiting T+5 | — | $1.49 (−6.87%) |
Oct 26, 2026 1d ago | Press Release | $1.60 | awaiting T+5 | — | $1.49 (−6.87%) |
Oct 26, 2026 1d ago | Press Release | $1.61 | awaiting T+5 | — | $1.49 (−7.57%) |
Oct 19, 2026 8d ago | 8-K | $2.17 $1.48 | ▼ −31.80% | ▼ −31.65% | $1.49 (−31.34%) |
Oct 16, 2026 11d ago | 8-K | $2.17 $1.49 | ▼ −31.36% | ▼ −31.21% | $1.49 (−31.34%) |
Oct 15, 2026 12d ago | 8-K | $2.87 $1.81 | ▼ −36.93% | ▼ −35.92% | $1.49 (−48.08%) |
Oct 7, 2026 20d ago | SC 13D | $5.28 $2.87 | ▼ −45.64% | ▼ −45.37% | $1.49 (−71.78%) |
Oct 7, 2026 20d ago | SC 13D | $5.28 $2.87 | ▼ −45.64% | ▼ −45.37% | $1.49 (−71.78%) |
Oct 7, 2026 20d ago | 8-K | $6.06 $3.05 | ▼ −49.67% | ▼ −48.69% | $1.49 (−75.41%) |
Oct 6, 2026 21d ago | 144 | $6.20 $3.34 | ▼ −46.13% | ▼ −45.99% | $1.49 (−75.97%) |
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