ADGM's three largest insider shareholders as of September 29, 2026 are Advisors Llc Perceptive (Director, 9.68Mn shares), Olav Bergheim (Ceo, 234.13K shares), Todd Usen (Chief Executive Officer, 207.31K shares).
| # | Insider | Position | Direct | Indirect | Total | Share of Insiders | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Advisors Llc Perceptive | Director, TenPercentOwner | 9,675,684 | 0 | 9,675,684 | 95.1% | 14 Feb, 2025 |
| 2 | Olav Bergheim | Ceo | 0 | 234,134 | 234,134 | 2.3% | 02 Aug, 2024 |
| 3 | Todd Usen | Chief Executive Officer | 207,315 | 0 | 207,315 | 2.0% | 15 Dec, 2025 |
| 4 | James L Cox | Director | 36,698 | 0 | 36,698 | 0.4% | 02 Aug, 2024 |
| 5 | Deborah Kaster | Chief Financial Officer | 15,000 | 0 | 15,000 | 0.1% | 18 Dec, 2025 |
| 6 | Hakon Bergheim | Chief Operating Officer | 7,539 | 0 | 7,539 | 0.1% | 02 Aug, 2024 |
Each row is that insider’s most recently reported position, from Form 4 filings over the last 60 months — which is why this total does not tie to the quarterly series above, where a quarter counts only the insiders who filed in it. Shares held through a fund or institutional portfolio are counted on the institutional ownership page instead.
| Date | Insider | Position | Transaction | Shares | Price | Value | Shares Held After | Ownership |
|---|---|---|---|---|---|---|---|---|
| 16 Jun, 2026 | Timothy P. Moran | Director | Acquired A | 30,000 | $0.00 | $0 | 30,000 | Direct |
| 16 Jun, 2026 | Sean Salmon | Director | Acquired A | 30,000 | $0.00 | $0 | 30,000 | Direct |
| 16 Jun, 2026 | Sandra A. Gardiner | Director | Acquired A | 30,000 | $0.00 | $0 | 30,000 | Direct |
| 16 Jun, 2026 | James L Cox | Director | Acquired A | 30,000 | $0.00 | $0 | 30,000 | Direct |
| 16 Jun, 2026 | Orly Mishan | Director | Acquired A | 100,000 | $0.00 | $0 | 100,000 | Direct |
| 16 Jun, 2026 | Keyvan Mirsaeedi-Farahani | Director | Acquired A | 30,000 | $0.00 | $0 | 30,000 | Direct |
| 06 Mar, 2026 | Todd Usen | Chief Executive Officer | Acquired A | 800,000 | $0.00 | $0 | 800,000 | Direct |
| 06 Mar, 2026 | Deborah Kaster | Chief Financial Officer | Acquired A | 490,500 | $0.00 | $0 | 490,500 | Direct |
| 16 Dec, 2025 | Deborah Kaster | Chief Financial Officer | Acquired P | 15,000 | $1.20 | $17.97K | 15,000 | Direct |
| 12 Dec, 2025 | Todd Usen | Chief Executive Officer | Acquired P | 207,315 | $1.09 | $225.97K | 207,315 | Direct |
| 11 Dec, 2025 | Sean Salmon | Director | Acquired A | 90,000 | $0.00 | $0 | 90,000 | Direct |
| 20 Oct, 2025 | Advisors Llc Perceptive | Director, TenPercentOwner | Acquired P | 1,344,999 | $0.18 | $248.29K | 1,344,999 | Indirect |
| 20 Oct, 2025 | Advisors Llc Perceptive | Director, TenPercentOwner | Acquired P | 1,344,999 | $0.18 | $248.29K | 1,344,999 | Indirect |
| 20 Oct, 2025 | Advisors Llc Perceptive | Director, TenPercentOwner | Acquired P | 1,344,999 | $0.18 | $248.29K | 1,344,999 | Indirect |
| 20 Oct, 2025 | Advisors Llc Perceptive | Director, TenPercentOwner | Acquired P | 2,190,496 | $1.60 | $3.51Mn | 2,190,496 | Indirect |
| 20 Mar, 2025 | Timothy P. Moran | Director | Acquired A | 90,000 | $0.00 | $0 | 90,000 | Direct |
| 20 Mar, 2025 | James L Cox | Director | Acquired A | 90,000 | $0.00 | $0 | 90,000 | Direct |
| 20 Mar, 2025 | Sandra A. Gardiner | Director | Acquired A | 90,000 | $0.00 | $0 | 90,000 | Direct |
| 20 Mar, 2025 | Orly Mishan | Director | Acquired A | 300,000 | $0.00 | $0 | 300,000 | Direct |
| 20 Mar, 2025 | Keyvan Mirsaeedi-Farahani | Director | Acquired A | 90,000 | $0.00 | $0 | 90,000 | Direct |