Athena Gold awards former director options on 150K shares

The former director's award is listed alongside direct common-stock holdings and two other option positions.

Rhea-AI Filing Summary

ATHENA GOLD CORP (AHNRF) former director Brian Power received an award of options covering 150,000 common shares on September 7, 2026, at a U.S.-dollar exercise price of $0.24 per share, converted from C$0.34. The options expire September 7, 2036. His listed direct common-stock position was 129,149 shares; the form also shows existing options covering 50,505 and 40,808 common shares, with exercise prices of C$0.792 and C$0.594 per share, respectively. The listed existing-option share counts reflect a 1-for-9.9 reverse stock split on April 2, 2026.

Insider Trade Summary

Grant/Award: 150,000 shares

Grant/Award 4 txns

Insider Power Brian

Role Insider

Type	Security	Shares	Price	Value
Grant/Award	Common Stock Options F3	150,000	$0.24	$36K
holding	Common Stock Options F1, F2	--	--	--
holding	Common Stock Options F1, F2	--	--	--
holding	Common Stock F1	--	--	--

Holdings After Transaction: Common Stock Options — 241,313 contracts for 91,313 underlying shares (Direct); Common Stock — 129,149 shares (Direct)

Footnotes (3)

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 has been converted into U.S. currency from CANADIAN $0.34 per share.

Key Figures

Option award underlying shares: 150,000 common shares Option exercise price: $0.24 per share Option expiration date: September 7, 2036 +5 more

8 metrics

Option award underlying shares 150,000 common shares Awarded September 7, 2026

Option exercise price $0.24 per share U.S. currency converted from C$0.34 per share

Option expiration date September 7, 2036 Options awarded September 7, 2026

Direct common-stock holdings 129,149 shares Listed for Brian Power

Existing options' underlying shares 50,505 common shares Exercise price C$0.792 per share; expiration October 12, 2032

Existing options' exercise price C$0.792 per share Options covering 50,505 common shares

Existing options' underlying shares 40,808 common shares Exercise price C$0.594 per share; expiration March 19, 2036

Existing options' exercise price C$0.594 per share Options covering 40,808 common shares

Key Terms

exercise price, reverse stock split, Common Stock Options

3 terms

exercise price financial

"The exercise price has been converted into U.S. currency from CANADIAN $0.34 per share."

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.

reverse stock split financial

"reflect a 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.

Common Stock Options financial

"Common Stock Options"

FAQ

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

How many options did AHNRF former director Brian Power receive?

Brian Power received an award of options covering 150,000 common shares on September 7, 2026, at a U.S.-dollar exercise price of $0.24 per share, converted from C$0.34 per share. The options expire September 7, 2036.

What other AHNRF option positions are listed for Brian Power?

The listed positions include options covering 50,505 common shares at C$0.792 per share, expiring October 12, 2032, and options covering 40,808 common shares at C$0.594 per share, expiring March 19, 2036. The share counts reflect a 1-for-9.9 reverse stock split on April 2, 2026.

Did AHNRF's former director report a Rule 10b5-1 plan?

No Rule 10b5-1 plan is reported for the option award.

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

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Available on EDGAR 09/24/2026 - 02:52 PM Accepted by SEC EDGAR 09/24/2026 - 02:50 PM Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED 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

X

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^*

Power Brian

(Last) (First) (Middle)

C/O ATHENA GOLD CORPORATION

SUITE 301, 15 TORONTO ST.

(Street)

TORONTO ONTARIO M5C 2E3

(City) (State) (Zip)

BRITISH COLUMBIA, 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)

	Director		10% Owner
	Officer (give title below)	X	Other (specify below)
			Former Director

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/07/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock								129,149(1)	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Common Stock Options	$0.792(1)							10/12/2022	10/12/2032	Common Stock	50,505(2)		50,505(2)	D
Common Stock Options	$0.594(1)							03/19/2026	03/19/2036	Common Stock	40,808(2)		40,808(2)	D
Common Stock Options	$0.24(3)	09/07/2026		A		150,000		09/07/2026	09/07/2036	Common Stock	150,000	$0.24(3)	150,000	D

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 has been converted into U.S. currency from CANADIAN $0.34 per share.

	/s/ Brian E. Power	09/24/2026
	** Signature of Reporting Person	Date
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)