ZEDGE INC ZDGE
CL B · Common Stock · CUSIP 98923T104
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* 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. Holder counts are more reliable. Implied quarter-end price ≈ $3.10. Options: 2 managers hold calls ($10.5k notional), 4 hold puts ($319.9k).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 38 |
| Q4 2022 | 39 |
| Q1 2023 | 34 |
| Q2 2023 | 33 |
| Q3 2023 | 34 |
| Q4 2023 | 36 |
| Q1 2024 | 43 |
| Q2 2024 | 41 |
| Q3 2024 | 37 |
| Q4 2024 | 42 |
| Q1 2025 | 37 |
| Q2 2025 | 42 |
| Q3 2025 | 41 |
| Q4 2025 | 40 |
| Q1 2026 | 41 |
| Q2 2026 | 44 |
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 | 12 | 17 |
| Q4 2024 | 15 | 19 |
| Q1 2025 | 13 | 24 |
| Q2 2025 | 23 | 12 |
| Q3 2025 | 14 | 21 |
| Q4 2025 | 12 | 21 |
| Q1 2026 | 16 | 17 |
| Q2 2026 | 19 | 18 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $118.1k | $247.5k | 2.09 |
| Q4 2025 | $86.6k | $292.6k | 3.38 |
| Q1 2026 | $10.8k | $266.6k | 24.59 |
| Q2 2026 | $10.5k | $319.9k | 30.35 |
Biggest buyers
| Cambridge Investment Research Advisors, Inc. | Added | +188.7k |
| CITADEL ADVISORS LLC | New | +136.1k |
| JANE STREET GROUP, LLC | New | +56.7k |
| HRT FINANCIAL LP | New | +43.0k |
| XTX Topco Ltd | New | +25.8k |
| GSA CAPITAL PARTNERS LLP | Added | +19.2k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +17.3k |
| TWO SIGMA INVESTMENTS, LP | New | +14.6k |
| VANGUARD FIDUCIARY TRUST CO | Added | +12.4k |
| PRUDENTIAL FINANCIAL INC | New | +12.4k |
Biggest sellers
| BAILARD, INC. | Sold out | -44.8k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -37.1k |
| GEODE CAPITAL MANAGEMENT, LLC | Reduced | -34.4k |
| NewEdge Advisors, LLC | Reduced | -25.3k |
| Centiva Capital, LP | Sold out | -20.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Reduced | -13.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Sold out | -11.4k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -4.9k |
| GROUP ONE TRADING LLC | Reduced | -4.0k |
| GOLDMAN SACHS GROUP INC | Reduced | -3.5k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $7.4k2.4k shares |
| SIMPLEX TRADING, LLC | Unchanged | $3.1k1.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $230.3k74.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $48.7k15.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.8k9.6k shares |
| GROUP ONE TRADING LLC | Reduced | $11.2k3.6k 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 |
|---|---|
JONAS MICHAEL C
13D · may seek influence
+0.2 pts · filed 2026-09-10
Stated purposeOn September 8, 2026, Mr. Jonas received 4,233 shares of Class B Common Stock upon the vesting of previously granted deferred stock units. On September 10, 2026, Mr. Jonas was granted options to purchase 386,244 shares of Class B Common Stock pursuant to the Stock Option Agreement described in Item 6. The shares underlying such options are not included in the number of shares beneficially owned by Mr. Jonas as the options are not exercisable until the later of: (a) the date that the adoption of the Company's 2026 Equity Incentive Plan (the "Plan") and an amendment to the Plan to increase the aggregate number of shares of Class B Common Stock available for issuance thereunder is approved ("Stockholder Approval Date") and (b) September 9, 2027, the earliest applicable annual vesting date. … Full filing |
15.9% |
JONAS HOWARD S
13D · may seek influence
new · filed 2026-10-02
Stated purposeOn September 10, 2026, Mr. Jonas entered into a Securities Purchase Agreement with the Company and the other purchasers named therein (the "Purchase Agreement") providing for his purchase of 2,218,430 shares of Class B Common Stock and warrants to purchase 1,996,587 shares of Class B Common Stock for an aggregate purchase price by Mr. Jonas of $6,500,000. The purchase price was $2.93 per share and accompanying warrant coverage, which was equal to the closing price of the Class B Common Stock on the NYSE American on the trading day immediately preceding the date on which Mr. Jonas executed the Purchase Agreement. Effective September 23, 2026, with the consent of the Company, Mr. Jonas assigned all of his rights and obligations as a purchaser under the Purchase Agreement to Chartwell pursua… Full filing |
15.6% |
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 | 1 | $20.0k | 0 | — | — |
| Q2 2025 | 1 | $24.4k | 1 | $292.3k | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 2 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-25 | JONAS HOWARD S Director · By Chartwell Holding, LLC | Bought | —2.2m shares |
| 2026-09-11 | GIBBER ELLIOT Director | Bought | —221.8k shares |
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 |
|---|---|---|
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 532.2k $1.6m | Added +17.3k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 519.3k $1.6m | Reduced -37.1k |
| Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio | 261.0k $808.0k | Added +188.7k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 136.1k $421.9k | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 116.6k $361.6k | Reduced -34.4k |
| DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio | 101.5k $314.7k | Unchanged |
| KAHN BROTHERS GROUP INC 0.04% of their portfolio | 78.1k $242.2k | Added +198 |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 72.6k $225.0k | Added +12.4k |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 68.0k $211.0k | Added +19.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 63.2k $196.0k | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 56.7k $175.8k | New |
| Hillsdale Investment Management Inc. 0.00% of their portfolio | 50.7k $157.0k | Unchanged |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 49.4k $153.0k | Unchanged |
| Welch Group, LLC 0.00% of their portfolio | 45.7k $141.6k | Unchanged |
| HRT FINANCIAL LP 0.00% of their portfolio | 43.0k $133.0k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 38.7k $120.0k | Reduced -3.5k |
| BlackRock, Inc. 0.00% of their portfolio | 37.6k $116.6k | Added +9.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 37.4k $115.0k | Reduced -4.9k |
| STATE STREET CORP 0.00% of their portfolio | 35.1k $108.8k | Unchanged |
| NewEdge Advisors, LLC 0.00% of their portfolio | 33.6k $104.3k | Reduced -25.3k |
| Cerity Partners LLC 0.00% of their portfolio | 27.1k $83.9k | Reduced -472 |
| XTX Topco Ltd 0.00% of their portfolio | 25.8k $80.0k | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 25.4k $78.7k | Added +503 |
| Kestra Advisory Services, LLC 0.00% of their portfolio | 18.5k $57.4k | Reduced -250 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 16.9k $52.5k | Reduced -13.1k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 14.6k $45.1k | New |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 12.4k $38.5k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 11.3k $35.1k | Unchanged |
| ANCHYRA PARTNERS LLC 0.01% of their portfolio | 10.0k $31.0k | New |
| Vanguard Global Advisers, LLC 0.00% of their portfolio | 4.0k $12.3k | Unchanged |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 3.8k $11.9k | Reduced -3.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.7k $8.2k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 2.6k $8.2k | Added +3 |
| CITIGROUP INC 0.00% of their portfolio | 2.3k $7.1k | Added +2.3k |
| MORGAN STANLEY 0.00% of their portfolio | 569 $1.8k | Unchanged |
| SBI Securities Co., Ltd. 0.00% of their portfolio | 399 $1.2k | Reduced -2 |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 366 $1.1k | Reduced -4.0k |
| Quent Capital, LLC 0.00% of their portfolio | 222 $688 | Reduced -88 |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 216 $670 | Unchanged |
| VISION FINANCIAL MARKETS LLC 0.00% of their portfolio | 103 $336 | Added +1 |
| Covestor Ltd 0.00% of their portfolio | 95 $0 | Unchanged |
| HARBOUR INVESTMENTS, INC. 0.00% of their portfolio | 33 $102 | Unchanged |
| Bogart Wealth, LLC 0.00% of their portfolio | 33 $102 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 21 $65 | New |