Form 4 for GRML Greenland Mines Ltd
Accepted 2025-08-08 00:00:00 ET · period of report 2025-07-22 · accession 0001213900-25-073273 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025-08-08 | 2025-07-22 | GRML | SINKULE JOSEPH | CEO, Dir | J - Other | — | -2.00M | 3.91M | -34% | — | |
| 2025-08-08 | 2025-08-05 | GRML | SINKULE JOSEPH | CEO, Dir | A - Grant | — | +537.2K | 4.45M | +14% | — |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2025-07-22 | J | D | 2,000,000 | — | 3,909,520 | D | — | — | (F2) Absent a default, the Reporting Person retains a conditional right to exercise the voting rights applicable to such shares. Within five business days of the Reporting Person's repayment of the loan, the Lender must transfer the Shares to the Reporting Person, subject to the Lender's right to withhold and set off against the Shares any sums owed to the Lender by the Reporting Person under the loan agreement. Despite the parties' intention for the Lender to transfer the Shares to the Reporting Person after the Loan is repaid, the Lender may be deemed to beneficially own the Shares during the Loan term. (F1) On July 22, 2025 and August 6, 2025, the Reporting Person transferred and pledged a total of 2,000,000 shares to Stock Loan Solutions, LLC ("Lender") as collateral for a non-recourse loan. The term of the loan is 3 years. The Reporting Person intends to use a portion of the proceeds from the term loan to liquidate some personal obligations. As beneficial owner of the shares pledged to it as collateral, Lender may take any and all actions with respect to such shares, including selling, assigning, transferring, pledging, hypothecating, lending, or encumbering the same, or enter into hedging arrangements, or create and trade derivative instruments backed by such shares as called for in the loan agreements. (F3) Includes 1,000,000 shares issuable upon the exercise of incentive options. |
| 2 | Common | Common Stock | 2025-08-05 | A | A | 537,180 | — | 4,446,700 | D | — | — | (F4) The Reporting Person received the shares as contingent merger consideration. (F3) Includes 1,000,000 shares issuable upon the exercise of incentive options. |