FTAC EMERALD ACQUISITION COR FLD
CLASS A COM · Common Stock · CUSIP 29103K100
- SectorFinancials
- IndustryFinance Services
- HeadquartersPhoenix, AZ
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.4k this quarter). Holder counts are more reliable. Shares outstanding: 55.1m as of 2026-08-09, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $0.45. Options: 3 managers hold calls ($90.1k notional), 1 hold puts ($362).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 58 |
| Q4 2022 | 61 |
| Q1 2023 | 58 |
| Q2 2023 | 62 |
| Q3 2023 | 33 |
| Q4 2023 | 27 |
| Q1 2024 | 20 |
| Q2 2024 | 18 |
| Q3 2024 | 20 |
| Q4 2024 | 3 |
| Q1 2025 | 23 |
| Q2 2025 | 30 |
| Q3 2025 | 36 |
| Q4 2025 | 43 |
| Q1 2026 | 55 |
| Q2 2026 | 51 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 6 | 8 |
| Q4 2024 | 1 | 18 |
| Q1 2025 | 23 | 3 |
| Q2 2025 | 22 | 16 |
| Q3 2025 | 23 | 15 |
| Q4 2025 | 29 | 21 |
| Q1 2026 | 35 | 16 |
| Q2 2026 | 28 | 36 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $744.8k | $625.5k | 0.84 |
| Q4 2025 | $168.6k | $17.2k | 0.10 |
| Q1 2026 | $281.0k | $38.9k | 0.14 |
| Q2 2026 | $90.1k | $362 | 0.00 |
Biggest buyers
| HRT FINANCIAL LP | New | +223.6k |
| JANE STREET GROUP, LLC | New | +131.6k |
| AQR CAPITAL MANAGEMENT LLC | Added | +87.7k |
| Qube Research & Technologies Ltd | New | +80.5k |
| UBS Group AG | Added | +68.1k |
| Tower Research Capital LLC (TRC) | Added | +38.1k |
| XTX Topco Ltd | New | +35.0k |
| Marex Group Ltd | New | +22.5k |
| IEQ CAPITAL, LLC | New | +20.6k |
| Virtu Financial LLC | New | +15.0k |
Biggest sellers
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -463.7k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -149.3k |
| MARSHALL WACE, LLP | Sold out | -62.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC | Sold out | -36.3k |
| VANGUARD FIDUCIARY TRUST CO | Reduced | -30.2k |
| STATE STREET CORP | Reduced | -29.5k |
| Shay Capital LLC | Sold out | -28.1k |
| Abel Hall, LLC | Sold out | -23.8k |
| NORTHERN TRUST CORP | Reduced | -21.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | Sold out | -15.8k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $87.2k192.3k shares |
| SIMPLEX TRADING, LLC | Added | $2.7k5.9k shares |
| GROUP ONE TRADING LLC | Reduced | $227500 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $362800 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
Fulgur Frontier Capital LP
13D · may seek influence
no change · filed 2026-03-17
Stated purposeThe Shares were acquired based on the belief that the Shares were undervalued and represented an attractive investment opportunity. Depending on overall market conditions, other investment opportunities available to the Reporting Persons, and the availability of the Shares at prices that would make the purchase or sale of Common Stock desirable, the Reporting Persons may endeavor to increase or decrease their position in the Issuer through, among other things, the purchase or sale of Common Stock on the open market or in private transactions or otherwise, on such terms and at such times as the Reporting Persons may deem advisable. No Reporting Person has any present plan or proposal which would relate to or result in any of the matters set forth in subparagraphs (a) - (j) of Item 4 of Sche… Full filing |
37.5% |
Kirkwood Jonathan
13D · may seek influence
+1.1 pts · filed 2026-03-03
Stated purposeThe Reporting Persons are filing this Schedule 13D/A to report a change in their respective beneficial ownership percentages of the shares of Common Stock. Ten31 Join the Fold LLC disposed of all 1,682,670 shares of Common Stock reported in the initial 13D filing on December 19, 2025, 144,311 of which were distributed to Jonathan Kirkwood in exchange for no consideration. Additionally, Dr. Kirkwood obtained beneficial ownership of 112,500 shares through a grant of restricted stock units on June 3, 2025. SATS Credit Fund, LP acquired 520,000 shares of Common Stock in a transaction with the Issuer on February 26, 2026 (as further described in Item 6), and 750,000 shares of Common Stock and 925,590 warrants to purchase shares of Common Stock on March 5, 2025. Dr. Kirkwood is a director of… Full filing |
12.0% |
| SZOP Multistrat Management LLC 13G · passive investor no change · filed 2026-02-17 | 9.9% |
| CRAFT VENTURES II, L.P. 13G · passive investor new · filed 2025-03-11 | 7.9% |
Reeves William Brian Poppic
13D · may seek influence
new · filed 2025-03-11
Stated purposeThe purpose of this filing is to report the acquisition of beneficial ownership by Will Reeves of 3,110,568 shares of the Issuer's Common Stock. As noted above, Will Reeves is the Chief Executive Officer of the Issuer. As such, he participates in the management of the Issuer. The Reporting Person may from time to time develop plans respecting, or propose changes in, the management, composition of the board of directors, operations, capital structure or business of the Issuer. Depending upon market conditions and other factors that the Reporting Person deems material, he may purchase additional Common Stock or other securities of the Issuer in the open market, private transactions or from the Issuer, or may dispose of all or a portion of the Common Stock or other securities of the Issuer t… Full filing |
6.7% |
Fell to 5% or below in the last year: ATW Partners Opportunities Management, LLC (3.3%, 2026-05-15)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $59.0k | 0 | — | — |
| Q4 2025 | 1 | $25.3k | 0 | — | — |
| Q1 2026 | 0 | — | 3 | $143.7k | — |
| Q2 2026 | 2 | $84.9k | 4 | $121.6k | — |
| Q3 2026 | 1 | $11.0k | 4 | $39.1k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-11 | Young Bracebridge H Jr Director · By 1999 Family Trust | Bought | $11.0k20.0k shares |
| 2026-09-02 | Reeves William Brian Poppic Chief Executive Officer | Sold | $2.7k5.8k shares |
| 2026-09-02 | Repass Wolfe Chief Financial Officer | Sold | $6171.3k shares |
| 2026-09-02 | Dickman Thomas J Chief Technology Officer | Sold | $36 shares |
| 2026-08-25 | Reeves William Brian Poppic Chief Executive Officer | Sold | $4.7k9.4k shares |
| 2026-08-24 | Reeves William Brian Poppic Chief Executive Officer | Sold | $4.3k8.9k shares |
| 2026-08-21 | Reeves William Brian Poppic Chief Executive Officer | Sold | $4.9k10.0k shares |
| 2026-08-20 | Reeves William Brian Poppic Chief Executive Officer | Sold | $4.3k8.9k shares |
| 2026-08-19 | Reeves William Brian Poppic Chief Executive Officer | Sold | $4.3k9.5k shares |
| 2026-08-18 | Reeves William Brian Poppic Chief Executive Officer | Sold | $4.3k9.6k shares |
| 2026-08-18 | Repass Wolfe Chief Financial Officer | Sold | $1.3k2.9k shares |
| 2026-08-17 | Dickman Thomas J Chief Technology Officer | Sold | $1.3k2.9k shares |
| 2026-08-03 | Reeves William Brian Poppic Chief Executive Officer | Sold | $2.4k5.1k shares |
| 2026-08-03 | Repass Wolfe Chief Financial Officer | Sold | $5551.2k shares |
| 2026-08-03 | Dickman Thomas J Chief Technology Officer | Sold | $25 shares |
| 2026-07-22 | McManus Matt Chief Operating Officer | Sold | $9492.1k shares |
| 2026-07-02 | Reeves William Brian Poppic Chief Executive Officer | Sold | $2.4k4.9k shares |
| 2026-07-02 | Repass Wolfe Chief Financial Officer | Sold | $5541.1k shares |
| 2026-07-02 | Dickman Thomas J Chief Technology Officer | Sold | $25 shares |
| 2026-06-12 | Kirkwood Jonathan Director | Bought | $64.0k105.0k shares |
| 2026-06-02 | Reeves William Brian Poppic Chief Executive Officer | Sold | $5.1k5.6k shares |
| 2026-06-02 | Repass Wolfe Chief Financial Officer | Sold | $1.2k1.3k shares |
| 2026-06-02 | Dickman Thomas J Chief Technology Officer | Sold | $56 shares |
| 2026-05-28 | Reeves William Brian Poppic Chief Executive Officer | Sold | $8.0k8.1k shares |
| 2026-05-27 | Young Bracebridge H Jr Director · By 1999 Family Trust | Bought | $10.3k10.0k shares |
| 2026-05-27 | Reeves William Brian Poppic Chief Executive Officer | Sold | $8.8k8.8k shares |
| 2026-05-26 | Reeves William Brian Poppic Chief Executive Officer | Sold | $9.8k9.2k shares |
| 2026-05-22 | Reeves William Brian Poppic Chief Executive Officer | Sold | $10.0k8.7k shares |
| 2026-05-21 | Reeves William Brian Poppic Chief Executive Officer | Sold | $9.4k7.7k shares |
| 2026-05-20 | Repass Wolfe Chief Financial Officer | Sold | $3.8k3.1k shares |
The latest 30 of 44 trades.
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.3m $578.0k | Reduced -463.7k |
| Blue Owl Capital Holdings LP 0.06% of their portfolio | 856.6k $385.5k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 223.6k $101.0k | New |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 204.0k $92.5k | Added +87.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 153.7k $69.7k | Reduced -149.3k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 131.6k $59.7k | New |
| Baird Financial Group, Inc. 0.00% of their portfolio | 105.2k $47.7k | Unchanged |
| BlackRock, Inc. 0.00% of their portfolio | 96.5k $43.8k | Added +929 |
| Union Square Park Capital Management, LLC 0.03% of their portfolio | 89.1k $40.4k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 84.6k $38.3k | Added +68.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 80.5k $36.5k | New |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 74.1k $33.5k | Reduced -30.2k |
| BOUSSARD & GAVAUDAN GESTION SAS 0.00% of their portfolio | 72.3k $7.6k | First filing |
| Mariner, LLC 0.00% of their portfolio | 71.7k $32.5k | Added +3.8k |
| STATE STREET CORP 0.00% of their portfolio | 57.8k $26.2k | Reduced -29.5k |
| Cypress Point Wealth Management, LLC 0.00% of their portfolio | 53.6k $24.3k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 44.9k $20.3k | Added +38.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 40.9k $18.6k | Reduced -21.8k |
| XTX Topco Ltd 0.00% of their portfolio | 35.0k $15.9k | New |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 31.0k $14.0k | Added +14.1k |
| Marex Group Ltd 0.00% of their portfolio | 22.5k $10.2k | New |
| IEQ CAPITAL, LLC 0.00% of their portfolio | 20.6k $9.3k | New |
| Virtu Financial LLC 0.00% of their portfolio | 15.0k $7.0k | New |
| FMR LLC 0.00% of their portfolio | 12.5k $5.7k | Reduced -12.1k |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 12.0k $5.4k | Reduced -203 |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 11.2k $5.1k | New |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 5.2k $2.3k | Reduced -235 |
| Integrated Wealth Concepts LLC 0.00% of their portfolio | 3.3k $1.5k | New |
| MORGAN STANLEY 0.00% of their portfolio | 3.3k $1.5k | Reduced -4.9k |
| Arax Advisory Partners 0.00% of their portfolio | 3.2k $1.5k | Added +3.2k |
| FNY Investment Advisers, LLC 0.00% of their portfolio | 3.0k $1.0k | Unchanged |
| Physician Wealth Advisors, Inc. 0.00% of their portfolio | 1.8k $796 | New |
| BARCLAYS PLC 0.00% of their portfolio | 1.5k $696 | Reduced -1.1k |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 1.1k $499 | New |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 966 $438 | Reduced -107 |
| PRIVATE TRUST CO NA 0.00% of their portfolio | 750 $340 | Unchanged |
| EverSource Wealth Advisors, LLC 0.00% of their portfolio | 497 $225 | Added +286 |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 241 $109 | Added +120 |
| ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio | 208 $94 | Added +171 |
| Transamerica Financial Advisors, LLC 0.00% of their portfolio | 186 $84 | New |
| Allworth Financial LP 0.00% of their portfolio | 172 $78 | Added +35 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 134 $0 | New |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 79 $36 | Reduced -1.7k |
| Essential Partners LLC 0.00% of their portfolio | 74 $34 | Reduced -688 |
| Fortitude Family Office, LLC 0.00% of their portfolio | 48 $22 | New |
| True Wealth Design, LLC 0.00% of their portfolio | 20 $10 | Added +14 |
| IFP Advisors, Inc 0.00% of their portfolio | 11 $5 | Reduced -3 |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 8 $4 | Reduced -16 |
| SJS Investment Consulting Inc. 0.00% of their portfolio | 4 $2 | Reduced -1 |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 1 $0 | New |
| JPL Wealth Management, LLC 0.00% of their portfolio | 1 $1 | New |