Elmet Group executive files initial holdings

Elmet Group Co. executive Derek Scott Fox, President of the CMC Division, filed an initial ownership report showing his equity stake in the company.

Rhea-AI Filing Summary

Elmet Group Co. executive Derek Scott Fox, President of the CMC Division, filed an initial ownership report showing his equity stake in the company. He holds 784,064 shares of common stock, comprised of 455,674 common shares and 328,390 shares of unvested restricted stock that are scheduled to vest 180 days after the consummation of the initial public offering of Elmet Group Co.

Fox also holds stock appreciation rights tied to 310,420 shares of common stock with an exercise price of $0.9100 per share, expiring on December 31, 2027. These stock appreciation rights vest upon either completion of the IPO before December 31, 2026 or a sale of the company for a purchase price exceeding $17,371,560, subject to his continued employment.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Fox Derek Scott

Role President, CMC Division

Type	Security	Shares	Price	Value
holding	Stock Appreciation Right	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Stock Appreciation Right — 310,420 contracts (Direct); Common Stock — 784,064 shares (Direct)

Footnotes (2)

1. F1. Comprised of 455,674 shares of common stock and 328,390 shares of unvested restricted stock which is scheduled to vest 180 days after the consummation of the initial public offering (the "IPO") of The Elmet Group Co. (the "Issuer").
2. F2. The stock appreciation rights vest upon either (i) the consummation of the IPO prior to December 31, 2026 or (ii) the sale of the Issuer for a purchase price in excess of $17,371,560, in each case subject to Mr. Fox's continued employment with the Company.

Key Figures

Common stock holdings: 784,064 shares Common shares (non-restricted): 455,674 shares Unvested restricted stock: 328,390 shares +4 more

7 metrics

Common stock holdings 784,064 shares Total common stock beneficially owned by Derek Scott Fox

Common shares (non-restricted) 455,674 shares Portion of Fox’s holdings in standard common stock

Unvested restricted stock 328,390 shares Scheduled to vest 180 days after the IPO consummation

Underlying SAR shares 310,420 shares Underlying common shares for stock appreciation rights

SAR exercise price $0.9100 per share Exercise price on stock appreciation rights

SAR purchase price threshold $17,371,560 Minimum company sale price condition for SAR vesting

SAR expiration December 31, 2027 Expiration date of stock appreciation rights

Key Terms

Stock Appreciation Right, unvested restricted stock, initial public offering, exercise price

4 terms

Stock Appreciation Right financial

"The stock appreciation rights vest upon either (i) the consummation of the IPO prior to December 31, 2026 or (ii) the sale of the Issuer..."

A stock appreciation right (SAR) is a form of employee pay that gives the holder the right to receive the increase in a company's share price over a set reference price, paid in cash or shares, without having to buy stock first. It matters to investors because SARs can create future cash outflows or dilute existing shareholders if settled in stock, and they align employee incentives with share-price performance like a bonus tied to a home's price rise.

unvested restricted stock financial

"Comprised of 455,674 shares of common stock and 328,390 shares of unvested restricted stock which is scheduled to vest 180 days after..."

initial public offering financial

"scheduled to vest 180 days after the consummation of the initial public offering (the "IPO") of The Elmet Group Co."

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

exercise price financial

"The stock appreciation rights vest upon either (i) the consummation of the IPO... with an exercise price of 0.9100..."

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.

FAQ

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

What did Elmet Group Co. (ELMT) executive Derek Scott Fox report on his Form 3?

Derek Scott Fox reported his initial ownership in Elmet Group Co., including 784,064 shares of common stock and stock appreciation rights tied to 310,420 underlying shares, giving investors a clear view of his current equity-based holdings in the company.

How many Elmet Group Co. (ELMT) common shares does Derek Scott Fox beneficially own?

Derek Scott Fox beneficially owns 784,064 Elmet Group Co. common shares. This includes 455,674 common shares and 328,390 shares of unvested restricted stock that are scheduled to vest 180 days after the company’s initial public offering is completed.

What are the key terms of Derek Scott Fox’s stock appreciation rights in Elmet Group Co. (ELMT)?

His stock appreciation rights relate to 310,420 underlying common shares with a $0.9100 exercise price and a December 31, 2027 expiration, providing potential upside participation tied to company value within that timeframe.

When do Derek Scott Fox’s unvested restricted Elmet Group Co. (ELMT) shares vest?

Fox’s 328,390 unvested restricted shares are scheduled to vest 180 days after the consummation of Elmet Group Co.’s initial public offering, linking the vesting schedule directly to the completion and seasoning period of the IPO transaction.

Under what conditions do Derek Scott Fox’s Elmet Group Co. (ELMT) stock appreciation rights vest?

The stock appreciation rights vest upon either completion of the IPO before December 31, 2026 or a sale of Elmet Group Co. for a purchase price above $17,371,560, in each case conditioned on Fox’s continued employment with the company.

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

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Accepted by SEC EDGAR 04/22/2026 - 09:12 PM EDT Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Fox Derek Scott

(Last) (First) (Middle)

C/O THE ELMET GROUP CO.

2 PORTLAND FISH PIER, SUITE 214

(Street)

PORTLAND MAINE 04101

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
04/22/2026

3. Issuer Name and Ticker or Trading Symbol
Elmet Group Co. [ ELMT ]

3a. Foreign Trading Symbol

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

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President, CMC Division

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	784,064(1)	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
Stock Appreciation Right	(2)	12/31/2027	Common Stock	310,420	$0.91	D

Explanation of Responses:

1. Comprised of 455,674 shares of common stock and 328,390 shares of unvested restricted stock which is scheduled to vest 180 days after the consummation of the initial public offering (the "IPO") of The Elmet Group Co. (the "Issuer").

2. The stock appreciation rights vest upon either (i) the consummation of the IPO prior to December 31, 2026 or (ii) the sale of the Issuer for a purchase price in excess of $17,371,560, in each case subject to Mr. Fox's continued employment with the Company.

	/s/ Derek Scott Fox	04/22/2026
	** 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 5 (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 3: SEC 1473 (03-26)