Medicus Pharma (MDCX) director Larry Kaiser receives 25,000 option grant

Rhea-AI Filing Summary

Medicus Pharma Ltd. reported an insider equity grant involving director Larry Kaiser. On December 16, 2025, he received a stock option to purchase 25,000 common shares of Medicus Pharma at an exercise price of $1.80 per share. The option is scheduled to vest quarterly in four equal installments over one year and is listed as directly owned. According to the filing, the option expires on December 16, 2030, and following this transaction Kaiser beneficially owns 25,000 derivative securities in the form of these options.

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

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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^*

Kaiser Larry

(Last) (First) (Middle)

300 CONSHOHOCKEN STATE ROAD

SUITE 200

(Street)

W. CONSHOHOCKEN PA 19428

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Medicus Pharma Ltd. [ MDCX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/16/2025

4. 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 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

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
Stock Option (right to buy)	$1.8	12/16/2025		A		25,000		(1)	12/16/2030	Common Shares	25,000	$0	25,000	D

Explanation of Responses:

1. The option was granted on December 16, 2025. The option is scheduled to vest quarterly in four equal installments over one year.

	/s/ Raza Bokhari, as Attorney-in-Fact, for Larry Kaiser	12/18/2025
	** 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).
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FAQ

What insider transaction did Medicus Pharma (MDCX) disclose in this filing?

The filing discloses that director Larry Kaiser received a stock option grant for 25,000 Medicus Pharma common shares with an exercise price of $1.8 per share on December 16, 2025.

Who is the reporting person in the Medicus Pharma (MDCX) Form 4 and what is their role?

The reporting person is Larry Kaiser, who is identified in the filing as a director of Medicus Pharma Ltd..

How many Medicus Pharma (MDCX) options were granted and at what exercise price?

The grant consists of 25,000 stock options, each allowing the purchase of one Medicus Pharma common share at an exercise price of $1.8 per share.

What is the vesting schedule for Larry Kaiser’s Medicus Pharma (MDCX) stock options?

According to the filing, the option granted on December 16, 2025 is scheduled to vest quarterly in four equal installments over one year.

When do the Medicus Pharma (MDCX) stock options granted to Larry Kaiser expire?

The stock option reported in the filing has an expiration date of December 16, 2030, as shown in the derivative securities table.

How many Medicus Pharma (MDCX) derivative securities does Larry Kaiser own after this transaction?

Following the reported grant, the filing states that 25,000 derivative securities (the stock options) are beneficially owned by Larry Kaiser.