Brookmount Director's Stock Sale Raises Governance Concerns

Rhea-AI Filing Summary

Brookmount Explorations Inc (BMXI) director Jeffrey Stephen Pittman sold 321,200 shares at an average price of $0.059 per share on October 7, 2025. Following the transaction, Pittman directly owns 4,641,918 shares and indirectly controls 7,500,000 shares through The Seminal Church, where he serves as Governor.

Notably, the Form 4 filing includes a concerning remark stating the sale was made because "company management is withholding critical financial information from the board of directors" as referenced in a Nevada legal action (A-25-918874-B).

Insights

Corporate Governance Analyst

Director's stock sale amid allegations of management withholding information signals potential governance issues

The sale of $18,950 worth of shares by a director, coupled with the explicit statement about management withholding critical financial information from the board, raises significant corporate governance concerns. This type of disclosure in a Form 4 is highly unusual and suggests serious internal control issues.

The director's remaining substantial holdings - both direct ownership of 4.6M shares and indirect control of 7.5M shares through a religious organization - adds weight to the credibility of these concerns, as board members typically have fiduciary obligations and access to company information.

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

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^*

PITTMAN JEFFREY STEPHEN

(Last) (First) (Middle)

PO BOX 461

(Street)

NEWPORT WA 99156

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
BROOKMOUNT EXPLORATIONS INC [ BMXI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	10/07/2025		S		321,200	D	$0.059(1)	4,641,918	D
COMMON STOCK								7,500,000	I	BY THE SEMINAL CHURCH, OF WHICH THE REPORTING PERSON SERVES AS GOVERNOR.

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

Explanation of Responses:

1. REPRESENTS THE WEIGHTED AVERAGE SALE PRICE

Remarks:

BASIS OF SALE: COMPANY MANAGEMENT IS WITHHOLDING CRITICAL FINANCIAL INFORMATION FROM THE BOARD OF DIRECTORS, AS ELUCIDATED IN NEVADA ACTION: A-25-918874-B

	/S/ JEFFREY PITTMAN	10/09/2025
	** 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.

FAQ

How many shares did BMXI director Jeffrey Pittman sell?

Director Jeffrey Pittman sold 321,200 shares at an average price of $0.059 per share on October 7, 2025.

How many BMXI shares does Pittman still own after the sale?

After the sale, Pittman owns 4,641,918 shares directly and 7,500,000 shares indirectly through The Seminal Church, where he serves as Governor.

What was the stated reason for the BMXI stock sale?

The sale was made because company management is withholding critical financial information from the board of directors, as referenced in Nevada legal action A-25-918874-B.

What is Jeffrey Pittman's role at BMXI?

Jeffrey Pittman serves as a Director of Brookmount Explorations Inc (BMXI).