Nova Minerals director reports option and share stakes

Nova Minerals Ltd director Avi Geller filed an initial ownership report showing indirect holdings through Leonite entities.

Rhea-AI Filing Summary

Nova Minerals Ltd director Avi Geller filed an initial ownership report showing indirect holdings through Leonite entities. He holds Class A, B, C and D stock options over 375,000, 375,000, 250,000 and 375,000 Ordinary Shares at an exercise price of $0.4500, expiring on December 23, 2028. Some option tranches are fully vested and exercisable, while others vest upon operational and sales milestones targeted by the end of 2026, which had not been achieved as of this report. Indirect Ordinary Share holdings include 1,739,615 shares held by Leonite Capital LLC and 550,562 shares held by Leonite LLC, over which Geller has voting and investment control.

Insider Trade Summary

6 transactions reported

Mixed 6 txns

Insider Geller Avi

Role Director

Type	Security	Shares	Price	Value
holding	Class A Stock Option (right to buy)	--	--	--
holding	Class B Stock Option (right to buy)	--	--	--
holding	Class C Stock Option (right to buy)	--	--	--
holding	Class D Stock Option (right to buy)	--	--	--
holding	Ordinary Shares, no par value	--	--	--
holding	Ordinary Shares, no par value	--	--	--

Holdings After Transaction: Class A Stock Option (right to buy) — 375,000 contracts (Indirect, By Leonite LLC); Class B Stock Option (right to buy) — 375,000 contracts (Indirect, By Leonite LLC); Class C Stock Option (right to buy) — 250,000 contracts (Indirect, By Leonite LLC); Class D Stock Option (right to buy) — 375,000 contracts (Indirect, By Leonite LLC); Ordinary Shares, no par value — 1,739,615 shares (Indirect, By Leonite Capital LLC); Ordinary Shares, no par value — 550,562 shares (Indirect, By Leonite LLC)

Footnotes (4)

1. F1. The reporting person has voting and investment control of this entity due to his role as an officer.
2. F2. The shares subject to the option are fully vested and currently exercisable.
3. F3. Shares subject to the option will vest upon the completion of certain operational milestones by the end of 2026, subject to continuing employment by reporting person through the vesting date. The milestones have not been achieved as of the date of this report.
4. F4. Shares subject to the option will vest upon achieving certain sales milestones, subject to continuing employment by reporting person through the vesting date. The milestones have not been achieved as of the date of this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does Avi Geller’s Form 3 filing for Nova Minerals (NVA) show?

The filing shows Avi Geller as a director with indirect holdings in Nova Minerals. He controls Ordinary Shares and multiple stock option classes through Leonite entities, providing an initial snapshot of his equity exposure rather than reporting any new buy or sell transactions.

How many Nova Minerals (NVA) Ordinary Shares are held through Leonite entities?

The filing lists 1,739,615 Ordinary Shares held indirectly through Leonite Capital LLC and 550,562 Ordinary Shares held indirectly through Leonite LLC. Avi Geller has voting and investment control over these entities due to his role as an officer, according to the footnotes.

What stock options over Nova Minerals (NVA) does Avi Geller indirectly hold?

Avi Geller indirectly holds Class A, B, C and D stock options over Ordinary Shares at a $0.4500 exercise price, expiring on December 23, 2028. The underlying shares per class are 375,000, 375,000, 250,000 and 375,000 respectively, all held through Leonite LLC.

Are Avi Geller’s Nova Minerals (NVA) options fully vested?

Some options are fully vested and currently exercisable, while others vest upon specific operational and sales milestones. The milestones must be met by the end of 2026 and require Geller’s continued employment; these milestone conditions had not been achieved as of this report.

Does the Nova Minerals (NVA) Form 3 indicate recent insider buying or selling?

The Form 3 functions as an initial ownership statement and lists holdings rather than new trades. Transaction summaries show no classified buys, sells, exercises, gifts or restructurings, indicating the document records existing positions instead of reporting fresh market transactions.

How is ownership of Nova Minerals (NVA) securities structured for Avi Geller?

Holdings are reported as indirect through Leonite LLC and Leonite Capital LLC. Footnotes state Geller has voting and investment control of these entities as an officer, so the filing attributes options and Ordinary Shares to him via these controlled investment vehicles.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 03/17/2026 - 09:00 AM Learn about SEC filing dates

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Geller Avi

(Last) (First) (Middle)

C/O NOVA MINERALS LIMITED

SUITE 5, 242 HAWTHORN ROAD

(Street)

CAULFIELD, VICTORIA C3 3161

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
03/17/2026

3. Issuer Name and Ticker or Trading Symbol
Nova Minerals Ltd [ NVA ]

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

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

5. 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 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, no par value	1,739,615	I(1)	By Leonite Capital LLC
Ordinary Shares, no par value	550,562	I(1)	By Leonite LLC

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
Class A Stock Option (right to buy)	(1)(2)	12/23/2028	Ordinary Shares	375,000	$0.45	I	By Leonite LLC
Class B Stock Option (right to buy)	(1)(3)	12/23/2028	Ordinary Shares	375,000	$0.45	I	By Leonite LLC
Class C Stock Option (right to buy)	(1)(4)	12/23/2028	Ordinary Shares	250,000	$0.45	I	By Leonite LLC
Class D Stock Option (right to buy)	(1)(4)	12/23/2028	Ordinary Shares	375,000	$0.45	I	By Leonite LLC

Explanation of Responses:

1. The reporting person has voting and investment control of this entity due to his role as an officer.

2. The shares subject to the option are fully vested and currently exercisable.

3. Shares subject to the option will vest upon the completion of certain operational milestones by the end of 2026, subject to continuing employment by reporting person through the vesting date. The milestones have not been achieved as of the date of this report.

4. Shares subject to the option will vest upon achieving certain sales milestones, subject to continuing employment by reporting person through the vesting date. The milestones have not been achieved as of the date of this report.

Remarks:

Exhibit 24 - Power of Attorney

	/s/ Ian Pamensky, by Power of Attorney	03/17/2026
	** 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.