Banning John 4

What Happened John Banning, CEO of Lion Copper & Gold Corp. (LCGMF), was awarded 500,000 derivative shares on September 8, 2025. The Form 4 lists the grant as a derivative acquisition (code A) with an acquisition price of $0.00, so the reported dollar cost to the insider is $0. The filing discloses the transaction but does not show any immediate sale of the shares.

Key Details

• Transaction date: 2025-09-08; Filing date (Form 4): 2026-03-30 (late filing).
• Security type: Derivative award (A) of 500,000 shares at $0.00; total reported cash value = $0.
• Shares owned after transaction: Not disclosed in the filing.
• Footnotes: F1 — 3,750,000 options vest at US$100M market cap and 3,750,000 options vest at US$200M market cap. F2 — Vesting conditions for these options have been satisfied and all options are now fully vested.
• Timeliness: The report was filed late (transaction date Sep 8, 2025; Form 4 filed Mar 30, 2026). Late filings can delay public visibility of insider activity.

Context This is an award/derivative grant rather than an open-market purchase or sale. Footnotes indicate larger option-based awards tied to market-cap milestones and state that vesting conditions have been satisfied, meaning related options are fully vested per the filing. The report does not indicate any cashless exercise or immediate sale; as with most grants, this does not by itself reveal the insider’s market view.