Patrick Norris (NRIS) updates 72.17% control stake in Norris Industries

Rhea-AI Filing Summary

Patrick L. Norris, Chairman and CEO of Norris Industries, filed an amended Schedule 13D showing beneficial ownership of 78,122,675 shares of common stock, or 72.17% of the company’s outstanding common stock.

The amendment removes 1,000,000 preferred shares previously reported, after those preferred shares were contributed to the capital of Norris Industries for no consideration. Norris reports sole voting and dispositive power over his common stock holdings and disclaims beneficial ownership of common shares issued upon conversion of a promissory note to the extent of his pecuniary interest in JBB.

Key Figures

Beneficial ownership: 78,122,675 shares Ownership percentage: 72.17% Sole voting power: 78,122,675 shares +4 more

7 metrics

Beneficial ownership 78,122,675 shares Common stock beneficially owned by Patrick L. Norris

Ownership percentage 72.17% Percent of Norris Industries common stock class represented

Sole voting power 78,122,675 shares Shares over which Norris has sole voting power

Sole dispositive power 78,122,675 shares Shares over which Norris has sole dispositive power

Preferred shares removed 1,000,000 shares Preferred stock contributed to capital for no consideration

Date of event 02/26/2026 Date of event requiring filing of amended statement

Signature date 05/15/2026 Date Patrick L. Norris certified the amended statement

Key Terms

beneficially owns, sole voting power, sole dispositive power, percent of class, +2 more

6 terms

beneficially owns financial

"The Reporting Person beneficially owns an aggregate of 78,122,675 shares of Common Stock"

Beneficially owns means a person or entity enjoys the economic benefits and control of a security even if the legal title or registration is held in another name. Think of it like having the keys and profits from a car that is registered to a friend: you use it, benefit from it, and make decisions about it even though the official paperwork lists someone else. For investors, this matters because it reveals who truly controls shares, affects voting power, potential conflicts of interest, and regulatory disclosure obligations.

sole voting power financial

"Number of Shares Beneficially Owned by Each Reporting Person With: Sole Voting Power 78,122,675.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

sole dispositive power financial

"Sole Dispositive Power 78,122,675.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

percent of class financial

"Percent of class represented by amount in Row (11) 72.17 %"

Percent of class is the portion of a specific category of securities—such as a company’s common shares, preferred shares, or a bond series—that takes part in or approves a corporate action (vote, consent, tender, etc.). Investors watch this number because it reveals how much support or opposition exists within that particular shareholder group; like counting how many members of a club back a proposal, it can determine whether a plan passes or how influence is distributed.

pecuniary interest financial

"disclaims beneficial ownership of the shares of Common Stock issued on conversion of the promissory note to the extent of his pecuniary interest in JBB"

Schedule 13D regulatory

"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"

A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 2)

Norris Industries, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

656357100

(CUSIP Number)

Andrew D. Hudders
Spencer Fane LLP, 711 Third Avenue,
New York City, NY, 10017
212-907-7349

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

02/26/2026

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

schemaVersion:

SCHEDULE 13D

CUSIP Number(s): 656357100

1

Name of reporting person

Patrick L. Norris

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

PF

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 78,122,675.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 78,122,675.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

78,122,675.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

72.17 %

14

Type of Reporting Person (See Instructions)

IN

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock
(b)	Name of Issuer: Norris Industries, Inc.
(c)	Address of Issuer's Principal Executive Offices: 102 PALO PINTO ST., SUITE B, WEATHERFORD, TEXAS , 76086.
Item 3.	Source and Amount of Funds or Other Consideration
	N/A
Item 4.	Purpose of Transaction
	This Amendment No.2 to the Schedule 13D for Patrick Norris is to remove the reference to 1,000,000 shares of preferred stock previously owned by Mr. Norris. The shares of preferred stock were contributed to the capital of Norris Industries, Inc. for no consideration.
Item 5.	Interest in Securities of the Issuer
(a)	The Reporting Person beneficially owns an aggregate of 78,122,675 shares of Common Stock, representing 72.17% of the Issuer's Common Stock.
(b)	The Reporting Person has the sole power to vote and to dispose of 78,122,675 shares of Common Stock. The Reporting Person disclaims beneficial ownership of the shares of Common Stock issued on conversion of the promissory note to the extent of his pecuniary interest in JBB.
(c)	Not applicable
(d)	Not applicable
(e)	Not applicable
Item 6.	Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer
	Not applicable

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Patrick L. Norris

Signature:	/s/ Patrick L. Norris
Name/Title:	Chairman/CEO
Date:	05/15/2026

FAQ

What ownership stake does Patrick L. Norris report in Norris Industries (NRIS)?

Patrick L. Norris reports beneficial ownership of 78,122,675 common shares, representing 72.17% of Norris Industries’ outstanding common stock. He has sole voting and sole dispositive power over this stake, indicating effective control of the company’s equity base.

What is the main purpose of this amended Schedule 13D/A for NRIS?

The amendment’s purpose is to remove a previously reported 1,000,000 preferred shares owned by Patrick Norris. Those preferred shares were contributed to the capital of Norris Industries for no consideration, so they are no longer counted in his reported holdings.

How many Norris Industries shares does Patrick L. Norris control directly?

Patrick L. Norris reports sole voting power and sole dispositive power over 78,122,675 shares of Norris Industries common stock. This means he alone can vote and decide whether to sell or transfer these shares, reinforcing his controlling influence.

Does Patrick L. Norris share voting or dispositive power over NRIS shares?

No. The filing states that Patrick L. Norris has shared voting power of 0 and shared dispositive power of 0. All 78,122,675 common shares reported are under his sole voting and sole dispositive authority, without shared control with other parties.

What change was made regarding preferred stock in this Norris Industries filing?

The amendment removes 1,000,000 preferred shares previously attributed to Patrick Norris. These preferred shares were contributed to Norris Industries’ capital for no consideration, so they are no longer reported as part of his beneficial ownership position in the filing.

What disclaimer does Patrick L. Norris make about shares tied to a promissory note?

The filing explains that Patrick L. Norris disclaims beneficial ownership of common shares issued on conversion of a promissory note, to the extent of his pecuniary interest in JBB. This limits the portion of those conversion shares treated as his economic interest.