Director at Namib Minerals (NAMM) reports 47,929 RSUs vesting April 2026

Rhea-AI Filing Summary

Namib Minerals director Zhang Peifang has filed an initial ownership report showing a significant equity award. The filing reports beneficial ownership of 47,929 ordinary-share equivalents through time-based restricted stock units granted in October 2025 under the company’s equity incentive plan. These RSUs are scheduled to vest in April 2026 if Zhang remains employed with Namib Minerals through the vesting date, and they will vest immediately upon certain changes of control of the company.

SEC Form 3

FORM 3

UNITED 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

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1. Name and Address of Reporting Person^*

Zhang Peifang

(Last) (First) (Middle)

STE 210 WINWARD III REGATTA OFFICE PARK

(Street)

GRAND CAYMAN KY1-1106

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
Namib Minerals [ NAMM ]

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)

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

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 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)
Ordinary Shares	47,929(1)	D

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 Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents an award granted in October 2025 under the Issuer's Equity Incentive Plan ("Incentive Plan") of 47,929 time-based restricted stock units ("RSUs") vesting in April 2026. The RSUs shall vest upon continued employment with Issuer through the vesting date. In the event of certain changes of control of the Issuer, the RSUs will vest immediately.

	/s/ Peifang Zhang	03/18/2026
	** 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 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

Who is the insider reporting ownership in Namib Minerals (NAMM) on this Form 3?

The Form 3 is filed for Zhang Peifang, who serves as a director of Namib Minerals. It reports Zhang’s initial beneficial ownership position in the company’s equity, as required for new insiders under SEC rules.

How many Namib Minerals (NAMM) shares does Zhang Peifang report on the Form 3?

The filing reports beneficial ownership of 47,929 ordinary-share equivalents. These are time-based restricted stock units rather than currently vested shares, reflecting an equity award under Namib Minerals’ incentive plan that is scheduled to vest in the future.

What type of equity award does Zhang Peifang hold in Namib Minerals (NAMM)?

Zhang Peifang holds time-based restricted stock units (RSUs) tied to Namib Minerals ordinary shares. The award was granted under the company’s equity incentive plan and represents a right to receive shares in the future if vesting conditions are met.

When do Zhang Peifang’s RSUs in Namib Minerals (NAMM) vest?

The 47,929 RSUs are scheduled to vest in April 2026, provided Zhang remains employed with Namib Minerals through the vesting date. This means the economic benefit fully materializes only if the continued-employment condition is satisfied at that time.

What happens to the Namib Minerals (NAMM) RSUs if there is a change of control?

The filing states that, upon certain changes of control of Namib Minerals, Zhang Peifang’s 47,929 RSUs will vest immediately. This acceleration feature is designed to protect the award’s value if the company undergoes a qualifying control transaction.

Does this Namib Minerals (NAMM) Form 3 show any stock purchases or sales?

No specific stock purchases or sales are described. The Form 3 is an initial ownership report, listing Zhang Peifang’s existing award of 47,929 time-based RSUs rather than documenting a new market transaction in Namib Minerals shares.