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CFO equity awards at Frontier Nuclear & Minerals (FNUC) detailed

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
3

Rhea-AI Filing Summary

Frontier Nuclear & Minerals Inc. disclosed Chief Financial Officer Nazareth Nikhil Kyle’s initial equity holdings. He holds stock options over 50,000 common shares at an exercise price of $3.08 per share, expiring on February 23, 2031, vesting 50% on February 23, 2027 and 50% on February 23, 2028. He also has restricted stock units (RSUs) over 8,209 common shares that vest on the later of July 1, 2026 or a date he elects within the plan’s allowed period, and a separate 10,000 RSU grant that vests based on the earlier of January 1, 2027 or the company’s market capitalization exceeding US$150,000,000 for 10 consecutive trading days. The RSUs do not expire and each RSU represents a contingent right to receive one common share or the cash equivalent, with certain awards eligible for immediate vesting upon a change of control or board-approved acceleration.

Positive

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Negative

  • None.
SEC Form 3
FORM 3UNITED 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*
Nazareth Nikhil Kyle

(Last)(First)(Middle)
360 MAIN STREET, 30TH FLOOR

(Street)
WINNIPEGR3C 4G1

(City)(State)(Zip)

MANITOBA, CANADA

(Country)
2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026
3. Issuer Name and Ticker or Trading Symbol
Frontier Nuclear & Minerals Inc. [ FNUC ]
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)
Director10% Owner
XOfficer (give title below)Other (specify below)
Chief Financial Officer
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
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 ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to Buy) (1)02/23/2031Common Shares50,000$3.08D
Restricted Stock Units (2) (3)Common Shares8,209(4)D
Restricted Stock Units (5) (3)Common Shares10,000(4)D
Explanation of Responses:
1. The Stock Options were granted on February 23, 2026 under the Issuer's option plan. The Stock Options vest in accordance with the following schedule: (i) 50% vest on February 23, 2027 and (ii) 50% vest on February 23, 2028.
2. The Restricted Stock Units ("RSUs") were granted on February 23, 2026 under the Issuer's restricted share unit award plan ("RSU Plan"). The RSUs will vest as to the number of shares indicated and, on the later of (i) July 1, 2026; and (ii) such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. Notwithstanding any provisions within the RSU Plan to the contrary, the RSUs shall be entitled to immediate vest upon the occurrence of a Change of Control (as defined in the RSU Plan) or if vesting is accelerated by the Issuer's Board of Directors.
3. The RSUs do not expire.
4. Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU plan.
5. The RSUs were granted on February 23, 2026 under the Issuer's RSU Plan. The RSUs will vest on the later of (i) the earlier of (y) January 1, 2027, or (z) the market capitalization of the Issuer exceeding US$150,000,000 for 10 consecutive trading days; and (ii) such date as the Reporting Person may elect, provided such date is within the time period allowed under the RSU Plan.
Nazareth Nikhil Kyle03/23/2026
** 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 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)

FAQ

What equity awards does Frontier Nuclear (FNUC) CFO Nazareth Nikhil Kyle hold?

The CFO holds stock options for 50,000 common shares at $3.08 per share and two restricted stock unit (RSU) grants over 8,209 and 10,000 common shares, all awarded under company equity incentive plans as disclosed.

How do the Frontier Nuclear (FNUC) CFO stock options vest and when do they expire?

The 50,000 stock options vest 50% on February 23, 2027 and 50% on February 23, 2028. They carry an exercise price of $3.08 per share and expire on February 23, 2031, providing long-dated incentive alignment.

What are the vesting terms for the 8,209 RSUs held by the Frontier Nuclear (FNUC) CFO?

The 8,209 RSUs vest on the later of July 1, 2026 or a date the CFO elects within the restricted share unit plan’s permitted timeframe, and may vest immediately upon a change of control or board-approved acceleration.

How are the 10,000 performance-based RSUs for Frontier Nuclear (FNUC) CFO structured?

The 10,000 RSUs vest on the earlier of January 1, 2027 or when Frontier Nuclear’s market capitalization exceeds US$150,000,000 for 10 consecutive trading days, subject also to an elected date within the plan’s allowed vesting period.

Do Frontier Nuclear (FNUC) RSUs held by the CFO expire or convert automatically into shares?

The RSUs do not expire. Each RSU represents a contingent right to receive one common share or the cash equivalent, as permitted under the RSU plan, with settlement following satisfaction of the specific vesting conditions.

Under what conditions can Frontier Nuclear (FNUC) CFO RSUs vest immediately?

Certain RSUs will vest immediately upon a defined change of control under the RSU plan or if vesting is accelerated by the board of directors, which provides protection for the executive if control of the company shifts.
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