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Athena Gold awards CEO 350,000 stock options

The options associated with the award expire on September 7, 2036.

(Neutral)

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Form Type
4

Rhea-AI Filing Summary

Athena Gold Corp (AHNRF) President and CEO Koby Soloman Kushner was granted 350,000 common stock options on September 7, 2026, with an exercise price of CAN $0.34. Separate derivative positions include direct options covering 50,505 and 40,808 underlying shares, and warrants covering 72,727 and 8,417 underlying shares held by Brie, Inc. Those derivative share counts reflect the 1-for-9.9 reverse stock split on April 2, 2026.

Insider Kushner Koby Soloman
Role President and CEO
Type Security Shares Price Value
Grant/Award Common Stock Options F1, F3 350,000 $0.24 $84K
holding Common Stock Options F1, F2 -- -- --
holding Common Stock Options F1, F2 -- -- --
holding Common Stock Warrants F1, F2, F4 -- -- --
holding Common Stock Warrants F1, F2, F4 -- -- --
holding Common Stock F1 -- -- --
holding Common Stock F1, F4 -- -- --
holding Common Stock F1, F4 -- -- --
Holdings After Transaction: Common Stock Options — 441,313 contracts for 91,313 underlying shares (Direct); Common Stock Warrants — 81,144 contracts (Indirect, Shares are held by Brie, Inc. of which, Reporting Person is a control person.); Common Stock — 51 shares (Direct); Common Stock — 4,430,830 shares (Indirect, Shares are heldby Libra Lithium Corp, of which, Reporting Person is a control person.); Common Stock — 174,772 shares (Indirect, Shares are held by Brie, Inc. of which, Reporting Person is a control person.)
Footnotes (4)
  1. F1. Exercise price is in Canadian dollars
  2. F2. Number of Shares edited to reflect a 1-for-9.9 reverse stock split on April 2, 2026.
  3. F3. The exercise price reflects an exercise price of CAN $0.34
  4. F4. Reporting Person disclaims any pecuniary interest or beneficial ownership for purposes of Section 16 under the Exchange Act.
Options awarded 350,000 common stock options Award to President and CEO Koby Soloman Kushner on September 7, 2026
Exercise price CAN $0.34 Awarded options
Option expiration September 7, 2036 Awarded options
Direct options 50,505 underlying shares Exercise price CAN $0.495; expires June 12, 2035
Direct options 40,808 underlying shares Exercise price CAN $0.594; expires March 19, 2036
Brie, Inc. warrants 72,727 underlying shares Exercise price CAN $1.188; expires June 30, 2028
Brie, Inc. warrants 8,417 underlying shares Exercise price CAN $0.891; expires December 4, 2027
Common Stock Options financial
"350,000 Common Stock Options"
exercise price financial
"exercise price reflects an exercise price of CAN $0.34"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
Common Stock Warrants financial
"Common Stock Warrants"
Common stock warrants are tradable certificates that give the holder the right, but not the obligation, to buy a company’s common shares at a fixed price before a specified expiration date. They work like long-term options issued by the company and can provide cheaper, leveraged exposure to a stock’s potential upside; however, if holders use the warrants to buy shares, the total number of shares increases, which can dilute the value of existing shares.
reverse stock split technical
"1-for-9.9 reverse stock split on April 2, 2026"
A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How many options did AHNRF's CEO receive?

Koby Soloman Kushner, President and CEO, received an award of 350,000 common stock options on September 7, 2026. Their exercise price is CAN $0.34.

What other derivative positions are listed for AHNRF's CEO?

The direct option positions cover 50,505 underlying shares at CAN $0.495, expiring June 12, 2035, and 40,808 underlying shares at CAN $0.594, expiring March 19, 2036. Brie, Inc. holds warrants covering 72,727 underlying shares at CAN $1.188, expiring June 30, 2028, and 8,417 underlying shares at CAN $0.891, expiring December 4, 2027. These counts reflect a 1-for-9.9 reverse stock split on April 2, 2026.

How many AHNRF shares are held by entities associated with the CEO?

Libra Lithium Corp. is listed as holding 4,430,830 Athena Gold common shares, and Brie, Inc. as holding 174,772. Kushner is identified as a control person of both entities and disclaims any pecuniary interest or beneficial ownership for purposes of Section 16 under the Exchange Act.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Learn about SEC filing dates
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Kushner Koby Soloman

(Last)(First)(Middle)
C/O ATHENA GOLD CORPORATION
SUITE 301, 15 TORONTO ST.

(Street)
TORONTOONTARIOM5C 2E3

(City)(State)(Zip)

ONTARIO, CANADA

(Country)
2. Issuer Name and Ticker or Trading Symbol
ATHENA GOLD CORP [ AHNRF ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
XOfficer (give title below)Other (specify below)
President and CEO
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
09/07/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock51(1)D
Common Stock4,430,830(1)IShares are heldby Libra Lithium Corp, of which, Reporting Person is a control person.(4)
Common Stock174,772(1)IShares are held by Brie, Inc. of which, Reporting Person is a control person.(4)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Common Stock Options$0.495(1)06/12/202506/12/2035Common Stock50,505(2)50,505(2)D
Common Stock Options$0.594(1)03/19/202603/19/2036Common Stock40,808(2)40,808(2)D
Common Stock Warrants$1.188(1)06/30/202506/30/2028Common Stock72,727(2)72,727(2)IShares are held by Brie, Inc. of which, Reporting Person is a control person.(4)
Common Stock Warrants$0.891(1)12/04/202512/04/2027Common Stock8,417(2)8,417(2)IShares are held by Brie, Inc. of which, Reporting Person is a control person.(4)
Common Stock Options(1)$0.24(3)09/07/2026A350,00009/07/202609/07/2036Common Stock350,000$0.24(3)350,000D
Explanation of Responses:
1. Exercise price is in Canadian dollars
2. Number of Shares edited to reflect a 1-for-9.9 reverse stock split on April 2, 2026.
3. The exercise price reflects an exercise price of CAN $0.34
4. Reporting Person disclaims any pecuniary interest or beneficial ownership for purposes of Section 16 under the Exchange Act.
/s/ Koby Kushner09/28/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

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