Dockter A Scott 4

What Happened

• Dockter A. Scott, CEO of Purebase Corp (PUBC), reported acquisitions on May 8, 2026: he acquired 22,526,655 shares at $0.02 each (reported value $450,533) and 50,311,184 shares at $0.02 each (reported value $1,006,224) through conversions/issuances. These two transactions total 72,837,839 shares for about $1.46M. The filing also shows the disposition of one derivative instrument listed at $1,000,000 (conversion/disposal of a derivative security).

Key Details

• Transaction date: May 8, 2026; SEC filing date: May 19, 2026 (appears late vs. the usual 2-business-day Form 4 deadline).
• Prices and values: 22,526,655 @ $0.02 = $450,533; 50,311,184 @ $0.02 = $1,006,224; 1 derivative disposed @ $1,000,000.
• Shares issued to CoreTer, LLC: F1/F3 note that shares were issued to CoreTer as reimbursement for $453,957.14 in expenses and under a Line of Credit/convertible promissory note dated Feb 27, 2026.
• Reporter relationship: F2 notes the reporting person (Dockter) is owner and manager of CoreTer, so these issuances to CoreTer are attributable to him.
• Shares owned after transaction: not stated in the supplied summary of the filing.

Context

• These were conversions/issuances of securities (derivative conversions and reimbursement-related issuances), not open-market purchases or standard option exercises. Conversions like these increase outstanding shares held by the insider or an entity they control rather than indicating a market purchase. The single listed disposal relates to a derivative instrument and does not appear to be an open-market sale of common stock.