Disclosures

A quarterly transparency disclosure for a publicly traded person.

Reporting period ends

June 30, 2026

Published

July 13, 2026

KmikeyM is a market in a person. If you hold shares, you own a slice of how Mike Merrill spends his money, time, and attention. This page lists where those go. It is refreshed every quarter so nothing material sits behind the asset. The last full disclosure was December 2020, and a lot has changed since.

Investment Holdings

The headline versus 2020: the portfolio has shrunk to almost nothing. Most positions are closed or dormant. The short list of what is actually held:

Active positions

Are.navia Republic
Tender Loving Empirevia Wefunder
Substackvia Wefunder
Mercuryvia Wefunder
Wefundervia Wefunder

Dormant or trace only

•MetaMask, OpenSea, HumanIPO: inactive, possible trace amounts.
•Robinhood: zero balance.
•Cash App: zero balance, used for personal transfers and taxes. Operational, not an investment position.

No real estate owned. No non-platform holdings of note.

Income and Employment

Mike was recently laid off from Vibes (Vibes DIY).

Currently nomadic, working independently. The 2026 route is LA to Kosovo to Portland to Oakland. Currently in Portland, visiting and sub-leasing, owning no property.

Current income comes from savings accumulated at Vibes and from independent development projects.

Active Ventures

Projects competing for Mike's time:

KmikeyM Shareholder Summit
July 11, Portland. The year's flagship event.
GumDemo.com
Active content project.
Custom development project
With a Kosovo-based team. Active.
KmikeyM
The company itself. Ongoing.
Blippo+
Manager of LLC.

Shareholder Base and Insider Ownership

A point-in-time read of the cap table. Aggregate only. No individual shareholders are named.

24,808

Shares in the open market

About 25% of the company

1,239

Shareholders

Holding the public float

~75%

Retained by Mike

75,192 shares, non-voting reserve

•KmikeyM is authorized at 100,000 shares. The reserve Mike retains is dispersed to shareholders over time.
•Concentration of the public float: top 3 holders about 26%, top 15 about 51%, with the remaining roughly half spread across the long tail.

Obligations and Related Instruments

Debt

None. Mike is debt free.

$KMIKEYM token (bags.fm)

A community token effort that did not work out, and is disclosed here as a failure. The bags.fm platform proved unreliable and crypto volatility made it unworkable, so the effort has been wound down.

To be clear: the $KMIKEYM token was always a separate instrument from KmikeyM shares. Owning shares of Mike is not the same as holding that token.

Methodology

This page is refreshed quarterly. Holdings are self-reported by Mike as of the reporting-period end date above. It is a transparency disclosure, not investment advice and not a complete financial statement. Aggregate cap-table figures are pulled from the live shareholder registry at publish time.

Editions

Q2 2026 (current)As of June 30, 2026
December 2020Prior edition

Next scheduled edition: Q3 2026, October 2026.