Director George Kovalyov lists PMGC Holdings (ELAB) options and no shares

Rhea-AI Filing Summary

PMGC Holdings Inc. director George Kovalyov reported his initial ownership position in the company. He directly holds options to purchase 5 shares of common stock, with each share carrying an exercise price of $19,600 on a post-reverse-stock-split basis. The report shows he directly owns no shares of common stock. The option terms reflect several reverse stock splits that occurred after his March 6, 2024 director offer letter, which granted these options.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Kovalyov George

(Last) (First) (Middle)

675 WEST HASTINGS STREET,

SUITE 805

(Street)

VANCOUVER A1 V6B1N2

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/06/2024

3. Issuer Name and Ticker or Trading Symbol
PMGC Holdings Inc. [ ELAB ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options to Purchase Common Stock	03/06/2025	03/06/2035	Common Stock	5(1)	$19,600(2)	D

Explanation of Responses:

1. Reflects amount of shares underlying the options issued to George Kovalyov on a post-reverse stock split basis (1-for-200 reverse stock split in November 2024, 1-for-7 reverse stock split in March 2025, 1-for-3.5 reverse stock split in September 2025, and 1-for-4 reverse stock split in January 2026; such reverse stock splits, collectively, "Splits"). The options were issued to Mr. Kovalyov pursuant to that certain Director Offer Letter between PMGC Holdings Inc. and George Kovalyov on March 6, 2024 ("Offer Letter"), included as Exhibit 10.1 to PMGC Holdings Inc.'s Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on March 7, 2024.

2. Reflects exercise price of each share of common stock, par value $0.0001 per share ("Common Stock") underlying the options issued to Mr. Kovalyov pursuant to the Offer Letter, on a post-reverse stock split basis following the Splits.

	/s/ George Kovalyov	01/29/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider position does George Kovalyov hold at PMGC Holdings (ELAB)?

George Kovalyov serves as a director of PMGC Holdings Inc. He is not listed as an officer or 10% owner. His reported holdings focus on stock options rather than direct ownership of common shares in the company.

How many PMGC Holdings (ELAB) common shares does George Kovalyov own?

George Kovalyov reports owning 0 shares of PMGC Holdings common stock directly. His economic exposure comes from stock options rather than current share ownership, according to the beneficial ownership table included in the disclosure.

What stock options does George Kovalyov hold in PMGC Holdings (ELAB)?

He holds options to purchase 5 shares of PMGC Holdings common stock. These options are reported on a post-reverse-stock-split basis and represent his only listed derivative security position related to the company.

What is the exercise price of George Kovalyov’s PMGC Holdings (ELAB) options?

Each share underlying his options has an exercise price of $19,600. This price is calculated on a post-reverse-stock-split basis, reflecting multiple reverse stock splits that affected the company’s common stock after the original grant.

When do George Kovalyov’s PMGC Holdings (ELAB) options vest and expire?

The options to purchase PMGC Holdings common stock become exercisable on March 6, 2025, and expire on March 6, 2035. These dates define the window during which he may choose to exercise the options.

How did reverse stock splits affect George Kovalyov’s PMGC Holdings (ELAB) options?

The footnotes state that the 5 option shares and the $19,600 exercise price are shown on a post-reverse-stock-split basis. Several reverse splits collectively adjusted both the number of underlying shares and the per-share exercise price.