Medicus Pharma (MDCX) CMO awarded 75,000 stock options at $1.8

Rhea-AI Filing Summary

Medicus Pharma Ltd. reported that its Chief Medical Officer, Faisal Mehmud, received a stock option grant. On 12/16/2025, he was granted an option to buy 75,000 common shares at an exercise price of $1.8 per share. The option is scheduled to vest quarterly in four equal installments over one year, giving him rights to portions of the grant over time rather than all at once. The option expires on 12/16/2030 if not exercised. This filing reflects an equity-based compensation award to a senior officer, aligning part of his compensation with the company’s share performance.

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^*

Mehmud Faisal

(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)

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

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		75,000		(1)	12/16/2030	Common Shares	75,000	$0	75,000	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 Faisal Mehmud	12/18/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Medicus Pharma (MDCX) disclose in this Form 4?

The company disclosed that Chief Medical Officer Faisal Mehmud received a stock option grant for 75,000 common shares with an exercise price of $1.8 per share.

What are the key terms of the Medicus Pharma (MDCX) stock options granted to the CMO?

The stock option covers 75,000 common shares at an exercise price of $1.8 per share, was granted on 12/16/2025, and expires on 12/16/2030.

How do the Medicus Pharma (MDCX) options to the CMO vest?

The option granted to the Chief Medical Officer is scheduled to vest quarterly in four equal installments over one year from the grant date.

Is the Medicus Pharma (MDCX) stock option grant to the CMO a direct holding?

Yes. The Form 4 indicates 75,000 derivative securities (stock options) are beneficially owned directly (D) following the reported transaction.

What type of security underlies the Medicus Pharma (MDCX) stock option grant?

The derivative security is a stock option (right to buy) that is exercisable into 75,000 common shares of Medicus Pharma Ltd.