4//SEC Filing
Phillips Keith D. 4
Accession 0001140361-25-033478
CIK 0001728205other
Filed
Aug 28, 8:00 PM ET
Accepted
Aug 29, 5:13 PM ET
Size
17.7 KB
Accession
0001140361-25-033478
Insider Transaction Report
Form 4
Phillips Keith D.
DirectorPresident and CEO
Transactions
- Disposition to Issuer
Common Stock, par value $0.0001
2025-08-29−301,569→ 0 total - Disposition to Issuer
Stock Option (right to buy)
2025-08-29−36,276→ 0 totalExercise: $55.00From: 2024-12-31Exp: 2032-02-28→ Common Stock, par value $0.0001 (36,276 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-08-29−29,890→ 0 totalExercise: $67.50From: 2025-12-31Exp: 2033-03-07→ Common Stock, par value $0.0001 (29,890 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-08-29−169,903→ 0 totalExercise: $16.00From: 2026-12-31Exp: 2034-03-04→ Common Stock, par value $0.0001 (169,903 underlying) - Disposition to Issuer
Stock Option (right to buy)
2025-08-29−22,674→ 0 totalExercise: $55.00Exp: 2032-02-28→ Common Stock, par value $0.0001 (22,674 underlying) - Award
Common Stock, par value $0.0001
2025-08-29+137,560→ 301,569 total - Disposition to Issuer
Stock Option (right to buy)
2025-08-29−10,786→ 0 totalExercise: $65.00Exp: 2031-05-19→ Common Stock, par value $0.0001 (10,786 underlying)
Footnotes (5)
- [F1]Piedmont Lithium Inc. ("Piedmont"), Sayona Mining Limited ("Sayona") and Shock MergeCo Inc. ("Merger Sub") are parties to the Agreement and Plan of Merger, dated as of November 18, 2024 (the "Merger Agreement"), pursuant to which, among other things, Merger Sub was merged with and into Piedmont (the "Merger"). Pursuant to the Merger Agreement, the performance conditions underlying these performance stock units were deemed satisfied based on the greater of target or actual performance at the effective time of the Merger.
- [F2]At the effective time of the Merger, (i) each share of common stock of Piedmont was converted into the right to receive 527 ordinary shares of Sayona and (ii) each restricted stock unit of Piedmont was converted into 527 restricted stock units of Sayona.
- [F3]At the effective time of the Merger, each stock option to purchase a share of common stock of Piedmont was converted into a stock option to purchase 527 ordinary shares of Sayona.
- [F4]These stock options vested in three equal annual installments on December 31, 2022, December 31, 2023 and December 31, 2024.
- [F5]These stock options vested in three equal annual installments on December 31, 2021, December 31, 2022 and December 31, 2023.
Documents
Issuer
Piedmont Lithium Inc.
CIK 0001728205
Entity typeother
Related Parties
1- filerCIK 0001864191
Filing Metadata
- Form type
- 4
- Filed
- Aug 28, 8:00 PM ET
- Accepted
- Aug 29, 5:13 PM ET
- Size
- 17.7 KB