Lion Copper & Gold (LCGMF) CEO awarded 500K options at $0.098 strike

Rhea-AI Filing Summary

LION COPPER & GOLD CORP. Chief Executive Officer John Banning received a grant of stock options for 500,000 common shares. The options have an exercise price of $0.098 per share, were granted on September 8, 2025, and expire on September 8, 2030. The award was granted at no cost to Banning.

Alongside this new grant, he continues to hold options linked to 7,500,000 common shares at an exercise price of $0.080 expiring April 4, 2030, and options linked to 2,500,000 common shares at $0.058 expiring July 26, 2029, all held directly. He also directly owns 578,785 common shares.

Footnotes state that 3,750,000 of these options vest upon the company achieving a market capitalization of US$100,000,000 and another 3,750,000 vest upon reaching $200,000,000, and that these vesting conditions have been satisfied so all such options are now fully vested.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider Banning John

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Grant/Award	Options	500,000	$0.00	--
holding	Options	--	--	--
holding	Options	--	--	--
holding	Common Shares	--	--	--

Holdings After Transaction: Options — 500,000 shares (Direct); Common Shares — 578,785 shares (Direct)

Footnotes (1)

1. 3,750,000 options will vest upon the issuer achieving a market capitalization of US$100,000,000, and 3,750,000 options will vest upon the issuer achieving a market capitalization of $200,000,000 The vesting conditions for these options have all been satisfied, and all options are now fully vested

Key Figures

New option grant: 500,000 options New grant exercise price: $0.098 per share Existing options block 1: 7,500,000 underlying shares at $0.080 +4 more

7 metrics

New option grant 500,000 options Granted September 8, 2025

New grant exercise price $0.098 per share Options expiring September 8, 2030

Existing options block 1 7,500,000 underlying shares at $0.080 Options expiring April 4, 2030

Existing options block 2 2,500,000 underlying shares at $0.058 Options expiring July 26, 2029

Common shares held 578,785 shares Direct ownership after reported transactions

First vesting market cap trigger US$100,000,000 Market capitalization condition for 3,750,000 options

Second vesting market cap trigger $200,000,000 Market capitalization condition for 3,750,000 options

Key Terms

exercise price, underlying security, market capitalization, vesting conditions, +1 more

5 terms

exercise price financial

"exercise price of 0.0980"

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.

underlying security financial

"underlying_security_title": "Common Shares""

market capitalization financial

"upon the issuer achieving a market capitalization of US$100,000,000"

Market capitalization is the total market value of a company’s outstanding shares, calculated by multiplying the current share price by the number of shares issued. It gives a quick snapshot of a company’s size and how investors value it, influencing perceived risk, index membership, and roughly how much it might cost to buy the whole company — like using a sticker price to compare the relative size and price of different houses.

vesting conditions financial

"The vesting conditions for these options have all been satisfied"

Vesting conditions are the rules that determine when someone earning company stock or stock options actually gains the right to keep or sell them, typically based on staying with the company for a set time or meeting performance targets. Think of it like keys that unlock gradually — some unlock by calendar date, others only after agreed milestones. Investors care because vesting shapes management incentives, the timing of share sales, and the number of shares that can enter the market, which can affect a company's valuation and ownership mix.

stock options financial

"3,750,000 options will vest upon the issuer achieving"

Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.

Form 4 Insider Transactions: What Each Field Means →

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^*

Banning John

(Last) (First) (Middle)

10530 ELM GLEN COURT

(Street)

RENO NEVADA 89521

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
LION COPPER & GOLD CORP. [ LCGMF ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/08/2025

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 Shares								578,785	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
Options	$0.098	09/08/2025		A		500,000		09/08/2025	09/08/2030	Common Shares	500,000	$0.00	500,000	D
Options	$0.08							(1)	04/04/2030	Common Shares	7,500,000		7,500,000	D
Options	$0.058							(2)	07/26/2029	Common Shares	2,500,000		2,500,000	D

Explanation of Responses:

1. 3,750,000 options will vest upon the issuer achieving a market capitalization of US$100,000,000, and 3,750,000 options will vest upon the issuer achieving a market capitalization of $200,000,000

2. The vesting conditions for these options have all been satisfied, and all options are now fully vested

	/s/ John Banning	03/27/2026
	** 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)

FAQ

What did Lion Copper & Gold (LCGMF) CEO John Banning report on this Form 4?

John Banning reported receiving a grant of options for 500,000 common shares at an exercise price of $0.098 per share. The options were granted on September 8, 2025, expire September 8, 2030, and were awarded at no cost to him.

How many stock options did the Lion Copper & Gold (LCGMF) CEO receive and at what price?

He received options for 500,000 common shares with an exercise price of $0.098 per share. These derivative securities were granted on September 8, 2025, and give him the right, but not the obligation, to buy common shares at that price until 2030.

What other option positions does the Lion Copper & Gold (LCGMF) CEO hold after this grant?

In addition to the 500,000 new options, he holds options linked to 7,500,000 common shares at a $0.080 exercise price expiring April 4, 2030, and options linked to 2,500,000 common shares at $0.058 expiring July 26, 2029, all reported as directly owned.

How many Lion Copper & Gold (LCGMF) common shares does the CEO own directly?

The filing shows John Banning directly owns 578,785 common shares following the reported transactions. This common share position is separate from his option holdings and represents his current direct equity stake in the company’s stock.

What vesting conditions apply to the Lion Copper & Gold (LCGMF) CEO’s options?

Footnotes state that 3,750,000 options vest when the company reaches a US$100,000,000 market capitalization and another 3,750,000 vest at $200,000,000. The filing notes these vesting conditions have been satisfied, so all such options are now fully vested.

Did the Lion Copper & Gold (LCGMF) Form 4 show any insider share sales?

The Form 4 data indicates one acquisition-type transaction, a grant of 500,000 options, and no reported open-market share sales. Other entries reflect existing holdings of options and common shares, rather than new purchases or sales in the market.