Concannon Jeremy P 4

What Happened
Jeremy P. Concannon, Chief Growth Officer of Verde Resources, was issued 1,350,000 shares of common stock on June 5, 2026 as a component of employment compensation. The shares were granted at a reported price of $0.00 (no cash paid); the filing does not state a dollar value or market value at issuance. This was an award/compensation grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-06-05; reported price per share: $0.00 (no cash consideration).
• Number of shares issued: 1,350,000.
• Shares owned after transaction: not disclosed in the Form 4 filing.
• Footnote: F1 — shares issued as a component of compensation for employment with the issuer.
• Filing date: 2026-06-26 for a 2026-06-05 transaction — the Form 4 appears to have been filed approximately 21 days after the transaction, which is later than the SEC’s typical two-business-day filing requirement for Form 4s.

Context
This was an equity grant tied to employment, which is common compensation for executives and does not by itself signal insider buying or selling intent. The filing does not specify vesting, transfer restrictions, or the grant’s stated fair market value; such details (if any) may appear in other company disclosures (e.g., proxy statements or Form 10 filings). Retail investors should treat compensation grants as informational and look for additional filings or company disclosures for vesting and value details.