SCHEDULE: Aduro CEO Transfers Shares for Estate Planning

Aduro Clean Technologies Inc. CEO Avshalom Ofer Vicus has transferred 1 million shares to a family company for estate planning purposes, maintaining an indirect economic interest.

Summary

• Avshalom Ofer Vicus, CEO, Chairman, and Director of Aduro Clean Technologies Inc., has filed an amendment to Schedule 13D.
• The filing details a transaction on September 25, 2026, where 1,000,000 common shares were transferred to a family-owned company ('FamilyCo') for estate and succession planning.
• No cash consideration was exchanged; Vicus received non-voting preferred shares of FamilyCo.
• Vicus retains an indirect economic interest in the transferred shares through his ownership in FamilyCo.
• The securities are held for investment purposes, and there is no intention to sell the transferred shares into the market.
• Vicus may acquire additional securities through compensatory grants or public/private purchases.
• As of September 25, 2026, Vicus beneficially owns 8,794,875 shares and options for 137,693 shares, representing 24.9% of the class.
• This percentage is calculated based on 35,733,749 shares outstanding and 137,693 shares issuable upon option exercise.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a neutral to slightly positive filing, primarily reflecting routine estate planning rather than significant operational changes or market-moving events.

Positives

• The transfer of shares is for estate and succession planning, indicating long-term strategic thinking by management.
• The CEO maintains an indirect economic interest, aligning his long-term interests with the company.
• The filing explicitly states no intention to sell the transferred shares into the market, potentially reducing selling pressure.
• The CEO may acquire additional securities, suggesting continued commitment and potential future investment.

Negatives

• A significant block of 1,000,000 shares has been moved out of direct control, although indirect economic interest remains.
• The filing does not provide specific details on the valuation of the non-voting preferred shares received by Vicus.

Risks

• While not a direct risk, any future decisions made by FamilyCo regarding its economic interest could indirectly impact the company.
• The filing mentions potential future acquisitions of securities, which could lead to increased dilution if not managed carefully.

Future Outlook

The filing indicates that the Reporting Person may acquire additional securities through compensatory grants or public/private purchases. Management, in their capacity as CEO, Chairman, and Director, will continue to discuss and make decisions regarding plans and proposals for the Issuer.

Management Comments

• The Transaction was undertaken solely for estate planning and succession planning purposes.
• There is no intention for the transferred Shares to be sold into the market.
• The securities described in this Statement are being held by the Reporting Person for investment purposes.
• The Reporting Person may acquire additional securities through compensatory grants by the Issuer or through public or private purchases of Shares.
• In the ordinary course of his duties as Chief Executive Officer, Chairman and director of the Issuer, the Reporting Person has and expects in the future to discuss and to make decisions regarding plans or proposals with respect to the matters specified in clauses (a) through (j) of this Item 4 with the Issuer.

Industry Context

StockSavvy.ai notes that share transfers for estate planning are common among executives in publicly traded companies, particularly in industries with significant founder or long-term executive ownership. This filing appears to be a standard procedural update rather than a reflection of operational performance or strategic shifts within the clean technology sector.

Related Party Transactions

• Transfer of 1,000,000 shares from Avshalom Ofer Vicus to a family-owned and controlled company ('FamilyCo') on September 25, 2026, for estate planning purposes. Vicus received non-voting preferred shares of FamilyCo in exchange.

Stakeholder Impact

• Shareholders: The transfer does not immediately impact share availability as shares are not being sold to the market. Continued indirect economic interest by the CEO may be viewed positively.
• Management: Reflects standard executive practice for long-term financial planning.
• Family Members: Benefit from the estate planning structure through ownership in FamilyCo.

Next Steps

• The Reporting Person may acquire additional securities through compensatory grants or public/private purchases.
• Management will continue to discuss and make decisions regarding plans or proposals for the Issuer in their official capacities.

Key Dates

Keywords

Aduro Clean Technologies, Schedule 13D, Avshalom Ofer Vicus, Estate Planning, Share Transfer, Beneficial Ownership, Stock Options