DynaResource (DYNR) 10% Owner Nichol Gareth Buys Stock

What Happened

• Nichol Gareth, a 10% owner of DynaResource, Inc. (DYNR), purchased 2,000,000 Units on Sept 1, 2026. Each Unit cost $0.45, so the Units cost $900,000 in the aggregate. Each Unit consists of one share of common stock (2,000,000 shares total) and a warrant to purchase one additional share (2,000,000-warrant aggregate) at an exercise price of $0.51 per share. The Form 4 records the stock purchase and a separate derivative entry for the warrants (both coded as purchases).

Key Details

• Transaction date: 2026-09-01; Form 4 filed: 2026-09-03 (appears timely).
• Purchase price: $0.45 per Unit; total cash paid for Units = $900,000.
• Immediate common stock received: 2,000,000 shares. Derivative recorded: warrant to buy 2,000,000 additional shares at $0.51.
• Shares owned after transaction: Not specified in the provided filing details.
• Footnotes: The warrants are not immediately exercisable — exercise is conditioned on the company obtaining stockholder approval and amending its charter (either increase authorized shares or a reverse split) so there are enough authorized shares. The warrant becomes exercisable once that "Authorized Shares Condition" is satisfied and remains exercisable until the later of 180 days from issuance and 30 days after the condition is satisfied.
• Transaction codes: P = Purchase for both the common-stock Units and the derivative (warrants).

Context

• This is a cash purchase (purchase of Units that include common stock plus warrants), which is a direct acquisition of equity rather than an option exercise or a gift. As a 10% owner, Gareth is a significant holder (not necessarily an executive), so this filing shows insider accumulation rather than a sale. The warrants carry a condition that must be met before exercise, so the additional 2,000,000 shares tied to the warrants are not immediately dilutive unless and until the company satisfies the charter/authorization condition and the warrants are exercised.