EMAT director files Form 3 with 159,856 preferred shares

Evolution Metals & Technologies Corp. director Locker Saul Richard filed an initial statement of ownership, reporting 159,856 shares of Convertible Preferred Stock and no shares of common stock held directly.

Rhea-AI Filing Summary

Evolution Metals & Technologies Corp. director Locker Saul Richard filed an initial statement of ownership, reporting 159,856 shares of Convertible Preferred Stock and no shares of common stock held directly.

The footnote explains that this Convertible Preferred Stock of Evolution Metals LLC, a wholly owned subsidiary, automatically converts into the issuer's common stock at a $6.00 per share conversion price ninety days after the issuer’s business combination closing on January 5, 2026.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider Locker Saul Richard

Role Director

Type	Security	Shares	Price	Value
holding	Convertible Preferred Stock	--	--	--
holding	Common Stock	--	--	--

Holdings After Transaction: Convertible Preferred Stock — 159,856 contracts (Direct); Common Stock — 0 shares (Direct)

Footnotes (1)

1. F1. The Convertible Preferred Stock of Evolution Metals LLC, which is a wholly owned subsidiary of the issuer, automatically converts into the issuer's common stock, at a conversion price of $6.00 per share, ninety (90) days after the closing of the issuer's business combination which occurred on January 5, 2026.

FAQ

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

What does Evolution Metals & Technologies (EMAT) Form 3 report for Locker Saul Richard?

Locker Saul Richard reports ownership of 159,856 shares of Convertible Preferred Stock and no common shares. This Form 3 is an initial statement of his beneficial ownership as a director of Evolution Metals & Technologies Corp.

How many shares does Locker Saul Richard hold in Evolution Metals & Technologies (EMAT)?

He holds 159,856 shares of Convertible Preferred Stock and zero shares of common stock directly. These holdings are reported as of the Form 3 date and establish his starting ownership position as a company director.

What are the conversion terms of EMAT’s Convertible Preferred Stock reported in the Form 3?

The Convertible Preferred Stock automatically converts into EMAT common stock at a $6.00 per share conversion price. Conversion occurs ninety days after the closing of the issuer’s business combination, which took place on January 5, 2026.

Which entity issued the Convertible Preferred Stock held by Locker Saul Richard in EMAT?

The Convertible Preferred Stock is of Evolution Metals LLC, a wholly owned subsidiary of Evolution Metals & Technologies Corp. According to the footnote, these preferred shares automatically convert into the issuer’s common stock under specified terms.

When will the Convertible Preferred Stock reported on EMAT’s Form 3 convert into common stock?

The Convertible Preferred Stock converts ninety days after the closing of EMAT’s business combination. The business combination closed on January 5, 2026, so the automatic conversion timing is based on that closing date and the $6.00 per share conversion price.

Does the EMAT Form 3 show any insider buying or selling by Locker Saul Richard?

No, the Form 3 only reports existing holdings and does not show any buy or sell transactions. Both entries are categorized as holdings with unknown transaction codes, reflecting an initial ownership filing rather than new trades.

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

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Accepted by SEC EDGAR 03/03/2026 - 05:04 PM 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^*

Locker Saul Richard

(Last) (First) (Middle)

4040 NE 2ND AVE, STE 348

(Street)

MIAMI FL 33137

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/07/2026

3. Issuer Name and Ticker or Trading Symbol
Evolution Metals & Technologies Corp. [ EMAT ]

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
Convertible Preferred Stock(1)	(1)	04/05/2026(1)	Common Stock	159,856	$6	D

Explanation of Responses:

1. The Convertible Preferred Stock of Evolution Metals LLC, which is a wholly owned subsidiary of the issuer, automatically converts into the issuer's common stock, at a conversion price of $6.00 per share, ninety (90) days after the closing of the issuer's business combination which occurred on January 5, 2026.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Saul Locker	03/03/2026
	** 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.