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Lion Copper director buys 86,356 warrants

A director's reported warrants carry a $4.17 exercise price per common share and expire November 6, 2031.

(Neutral)

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Form Type
4

Rhea-AI Filing Summary

Lion Copper Corp. (LCU) director Mark Brady Sharman reported purchasing 86,356 warrants on October 20, 2026, at a reported price of $0.00 per warrant. The warrants have an exercise price of $4.17 per common share and expire November 6, 2031; no Rule 10b5-1 plan is reported. Sharman reported 179,905 common shares directly, while 171,976 common shares were held by Markstone LLC, of which he is a 50% partner. His listed direct derivative positions include 12% Convertible Debentures and warrants, each linked to 172,712 common shares at $2.6055. The debentures mature May 6, 2027, and interest may be settled in common shares at the issuer’s option.

Insider SHARMAN MARK BRADY
Role Director
Bought 86,356 shs ($0.00)
Type Security Shares Price Value
Purchase Warrants 86,356 $0.00 $0.00
holding 12% Convertible Debentures F2, F3 -- -- --
holding Warrants -- -- --
holding Common Shares -- -- --
holding Common Shares F1 -- -- --
Holdings After Transaction: Warrants — 259,068 contracts for 172,712 underlying shares (Direct); 12% Convertible Debentures — 172,712 contracts (Direct); Common Shares — 179,905 shares (Direct); Common Shares — 171,976 shares (Indirect, By Markstone LLC)
Footnotes (3)
  1. F1. Held by Markstone LLC, of which Mr. Sharman is a 50% partner.
  2. F2. The debentures mature and are payable on this date
  3. F3. Interest on the debentures may also be settled in common shares of the issuer priced at the time of repayment or conversion of the debentures at the option of the issuer
Warrants purchased 86,356 warrants October 20, 2026
Reported warrant transaction price $0.00 per warrant Purchase reported October 20, 2026
Warrant exercise price $4.17 per common share Warrants purchased October 20, 2026; expire November 6, 2031
Direct common shares 179,905 common shares Reported position on October 20, 2026
Common shares held by Markstone LLC 171,976 common shares Mark Sharman is a 50% partner in Markstone LLC
Debenture underlying shares 172,712 common shares Direct 12% Convertible Debentures; $2.6055 conversion price; mature May 6, 2027
Warrant underlying shares 172,712 common shares Direct warrants; $2.6055 exercise price; expire November 6, 2030
12% Convertible Debentures financial
"12% Convertible Debentures with 172,712 underlying Common Shares"
exercise price financial
"exercise price of $4.17 per Common Share"
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.
settled in common shares financial
"interest may also be settled in common shares"

FAQ

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

How many LCU warrants did Mark Brady Sharman purchase, and at what price?

Director Mark Brady Sharman reported purchasing 86,356 warrants on October 20, 2026, at a reported price of $0.00 per warrant. The warrants have an exercise price of $4.17 per common share and expire November 6, 2031.

What derivative positions did LCU director Mark Brady Sharman report?

The listed direct positions include 12% Convertible Debentures and warrants, each linked to 172,712 common shares at a $2.6055 conversion or exercise price. The debentures mature May 6, 2027, and the warrants expire November 6, 2030.

Can interest on Lion Copper's 12% Convertible Debentures be settled in shares?

Yes. Interest may also be settled in common shares of the issuer, priced at the time of repayment or conversion, at the issuer’s option.

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

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Available on EDGAR Accepted by SEC EDGAR Learn about SEC filing dates
SEC Form 4
FORM 4UNITED 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*
SHARMAN MARK BRADY

(Last)(First)(Middle)
4401 GULF SHORE BLVD N.

(Street)
NAPLES FLORIDA 34103

(City)(State)(Zip)

UNITED STATES

(Country)
2. Issuer Name and Ticker or Trading Symbol
Lion Copper Corp. [ LCU ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
[LCU]
3. Date of Earliest Transaction (Month/Day/Year)
10/20/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(A) or (D)Price
Common Shares179,905D
Common Shares171,976I(1)By Markstone LLC(1)
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
12% Convertible Debentures$2.605511/06/202505/06/2027(2)Common Shares172,712(3)172,712D
Warrants$4.1710/20/2026P86,35610/20/202611/06/2031Common Shares86,356$086,356D
Warrants$2.605511/06/202511/06/2030Common Shares172,712172,712D
Explanation of Responses:
1. Held by Markstone LLC, of which Mr. Sharman is a 50% partner.
2. The debentures mature and are payable on this date
3. Interest on the debentures may also be settled in common shares of the issuer priced at the time of repayment or conversion of the debentures at the option of the issuer
/s/ Mark Brady Sharman10/22/2026
** Signature of Reporting PersonDate
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)

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