Form 4: MINERALRITE Insider Sells Shares
Insider Transaction (Form 4)
Lloyd Bernard Hendricks Iii, a 10% owner of MINERALRITE Corp, sold 3,919,388 shares of common stock on September 30, 2026 for $27.23 per share.
Summary
- Open-market sale: disposed of 3,919,388 Series NMC Preferred at $27.23 ($106,724,935) on September 30, 2026; holds 2,980,612 after (Indirect).
- In-the-money derivative exercise: acquired 6,900,000 Series NMC Preferred at $15.00 ($103,500,000) on September 30, 2026; holds 9,880,612 after (Indirect).
- In-the-money derivative exercise: acquired 47,600 Series D Preferred at $25.00 ($1,190,000) on September 30, 2026; holds 47,600 after (Indirect).
- In-the-money derivative exercise: acquired 5,900 Series D Preferred at $25.00 ($147,500) on September 30, 2026; holds 5,900 after (Indirect).
- In-the-money derivative exercise: disposed of 6,900,000 Warrant to Purchase Series NMC Preferred on September 30, 2026 (Indirect).
- In-the-money derivative exercise: disposed of 47,600 Warrant to Purchase Series D Preferred on September 30, 2026 (Indirect).
- In-the-money derivative exercise: disposed of 5,900 Warrant to Purchase Series D Preferred on September 30, 2026 (Indirect).
Sentiment
Score: 2
Explanation: StockSavvy.ai views this as a mildly negative signal: an insider sold $106,724,935 of stock on the open market.
Insider Transactions
Lloyd Bernard Hendricks Iii — 10% owner
| Date | Transaction | Security | Shares | Price | Value | Held After |
|---|---|---|---|---|---|---|
| 2026-09-30 | Open-market sale | Series NMC Preferred | 3,919,388 | $27 | $106.7M | 2,980,612 |
| 2026-09-30 | In-the-money derivative exercise | Series NMC Preferred | 6,900,000 | $15 | $103.5M | 9,880,612 |
| 2026-09-30 | In-the-money derivative exercise | Series D Preferred | 47,600 | $25 | $1.2M | 47,600 |
| 2026-09-30 | In-the-money derivative exercise | Series D Preferred | 5,900 | $25 | $147.5K | 5,900 |
| 2026-09-30 | In-the-money derivative exercise | Warrant to Purchase Series NMC Preferred | 6,900,000 | — | — | 0 |
| 2026-09-30 | In-the-money derivative exercise | Warrant to Purchase Series D Preferred | 47,600 | — | — | 0 |
| 2026-09-30 | In-the-money derivative exercise | Warrant to Purchase Series D Preferred | 5,900 | — | — | 0 |
Key Dates
| Date | Description |
|---|---|
| 2026-09-30 | Open-market sale (3,919,388 shares) |
| 2026-09-30 | In-the-money derivative exercise (6,900,000 shares) |
| 2026-09-30 | In-the-money derivative exercise (47,600 shares) |
| 2026-09-30 | In-the-money derivative exercise (5,900 shares) |
| 2026-09-30 | In-the-money derivative exercise (6,900,000 shares) |
| 2026-09-30 | In-the-money derivative exercise (47,600 shares) |
| 2026-09-30 | In-the-money derivative exercise (5,900 shares) |
Keywords
insider transaction, Form 4, RITE, MINERALRITE Corp, bearish, Lloyd Bernard Hendricks Iii
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