[Form 4] Piedmont Lithium Inc. Insider Trading Activity
Jorge Beristain, a director of Piedmont Lithium Inc. (PLL), reported a disposal of 42,421 shares of Piedmont common stock on 08/29/2025. The Form 4 shows that following the reported transaction the reporting person beneficially owns 0 shares of Piedmont common stock. The filing explains this action occurred in connection with the November 18, 2024 merger agreement under which each Piedmont share was converted into the right to receive 527 ordinary shares of Sayona Mining Limited, reflecting a corporate reorganization rather than an isolated open-market sale.
Jorge Beristain, amministratore di Piedmont Lithium Inc. (PLL), ha comunicato la cessione di 42.421 azioni ordinarie Piedmont in data 29/08/2025. Il Modulo 4 indica che, a seguito dell’operazione segnalata, la persona segnalante non possiede più azioni ordinarie Piedmont. La dichiarazione precisa che tale operazione è avvenuta in relazione all’accordo di fusione del 18 novembre 2024, in base al quale ogni azione Piedmont è stata convertita nel diritto a ricevere 527 azioni ordinarie di Sayona Mining Limited, trattandosi di una riorganizzazione societaria e non di una vendita isolata sul mercato aperto.
Jorge Beristain, director de Piedmont Lithium Inc. (PLL), notificó la enajenación de 42.421 acciones ordinarias de Piedmont el 29/08/2025. El Formulario 4 muestra que, tras la transacción informada, la persona informante deja de tener acciones ordinarias de Piedmont. La presentación explica que esta acción se produjo en relación con el acuerdo de fusión del 18 de noviembre de 2024, por el cual cada acción de Piedmont se convirtió en el derecho a recibir 527 acciones ordinarias de Sayona Mining Limited, tratándose de una reorganización corporativa y no de una venta aislada en el mercado abierto.
Jorge Beristain은 Piedmont Lithium Inc.(PLL)의 이사로서 2025년 8월 29일 Piedmont 보통주 42,421주를 처분했다고 보고했습니다. 제출된 Form 4에는 보고된 거래 후 해당 보고인이 Piedmont 보통주를 단 한 주도 보유하지 않음이 표시되어 있습니다. 신고서에는 이 조치가 2024년 11월 18일 체결된 합병 계약과 관련된 것으로, 각 Piedmont 주식이 Sayona Mining Limited의 보통주 527주를 받을 권리로 전환된 것임을 설명하고 있으며, 이는 개별적인 공개시장 매도가 아니라 기업 재편에 따른 것이라고 명시되어 있습니다.
Jorge Beristain, administrateur de Piedmont Lithium Inc. (PLL), a déclaré la cession de 42 421 actions ordinaires Piedmont le 29/08/2025. Le formulaire 4 indique qu’après la transaction signalée, la personne déclarante ne détient plus aucune action ordinaire Piedmont. Le dépôt précise que cette opération s’est déroulée dans le cadre de l’accord de fusion du 18 novembre 2024, selon lequel chaque action Piedmont a été convertie en droit de recevoir 527 actions ordinaires de Sayona Mining Limited, constituant une réorganisation d’entreprise plutôt qu’une vente isolée sur le marché ouvert.
Jorge Beristain, Direktor von Piedmont Lithium Inc. (PLL), meldete am 29.08.2025 die Veräußerung von 42.421 Piedmont-Stammaktien. Das Formular 4 weist aus, dass die meldende Person nach der angegebenen Transaktion keine Piedmont-Stammaktien mehr besitzt. Die Einreichung erläutert, dass diese Maßnahme im Zusammenhang mit dem Fusionsvertrag vom 18. November 2024 erfolgte, wonach jede Piedmont-Aktie in das Recht auf den Erhalt von 527 Stammaktien der Sayona Mining Limited umgewandelt wurde; es handelt sich demnach um eine Konzernumstrukturierung und nicht um einen einzelnen Verkauf am offenen Markt.
- Transaction is explicitly tied to the Merger Agreement converting Piedmont shares into Sayona ordinary shares
- Form 4 discloses the director-level transaction, supporting regulatory transparency
- Reporting person disposed of 42,421 Piedmont common shares and now reports 0 shares beneficially owned
- The filing does not state the number of Sayona ordinary shares received by the reporting person or disclose proceeds or continued economic exposure
Insights
TL;DR: Director disposed of 42,421 Piedmont shares as part of the merger conversion; post-transaction Piedmont ownership is zero.
The Form 4 documents a non-derivative disposition of 42,421 Piedmont common shares by director Jorge Beristain dated 08/29/2025, leaving him with no beneficial ownership of Piedmont common stock. The explanatory note ties the transaction to the Merger Agreement dated 11/18/2024 that converted each Piedmont share into the right to 527 ordinary shares of Sayona Mining Limited. As presented, this is a corporate reorganization outcome rather than a routine sale; the filing does not disclose proceeds, tax treatment, or the number of Sayona shares received by the reporting person.
TL;DR: Transaction reflects ownership conversion under the merger; disclosure is standard but leaves post-merger Sayona holdings unspecified.
The Form 4 complies with Section 16 reporting by noting a disposition of 42,421 Piedmont shares and showing zero Piedmont shares remaining beneficially owned by the director. The form’s explanation links the disposition to the Merger Agreement converting Piedmont shares into Sayona ordinary shares, which is a material corporate event. The filing does not provide details on indirect holdings, any continuing ties to the combined company, or whether the director retains economic exposure via Sayona shares or other instruments.
Jorge Beristain, amministratore di Piedmont Lithium Inc. (PLL), ha comunicato la cessione di 42.421 azioni ordinarie Piedmont in data 29/08/2025. Il Modulo 4 indica che, a seguito dell’operazione segnalata, la persona segnalante non possiede più azioni ordinarie Piedmont. La dichiarazione precisa che tale operazione è avvenuta in relazione all’accordo di fusione del 18 novembre 2024, in base al quale ogni azione Piedmont è stata convertita nel diritto a ricevere 527 azioni ordinarie di Sayona Mining Limited, trattandosi di una riorganizzazione societaria e non di una vendita isolata sul mercato aperto.
Jorge Beristain, director de Piedmont Lithium Inc. (PLL), notificó la enajenación de 42.421 acciones ordinarias de Piedmont el 29/08/2025. El Formulario 4 muestra que, tras la transacción informada, la persona informante deja de tener acciones ordinarias de Piedmont. La presentación explica que esta acción se produjo en relación con el acuerdo de fusión del 18 de noviembre de 2024, por el cual cada acción de Piedmont se convirtió en el derecho a recibir 527 acciones ordinarias de Sayona Mining Limited, tratándose de una reorganización corporativa y no de una venta aislada en el mercado abierto.
Jorge Beristain은 Piedmont Lithium Inc.(PLL)의 이사로서 2025년 8월 29일 Piedmont 보통주 42,421주를 처분했다고 보고했습니다. 제출된 Form 4에는 보고된 거래 후 해당 보고인이 Piedmont 보통주를 단 한 주도 보유하지 않음이 표시되어 있습니다. 신고서에는 이 조치가 2024년 11월 18일 체결된 합병 계약과 관련된 것으로, 각 Piedmont 주식이 Sayona Mining Limited의 보통주 527주를 받을 권리로 전환된 것임을 설명하고 있으며, 이는 개별적인 공개시장 매도가 아니라 기업 재편에 따른 것이라고 명시되어 있습니다.
Jorge Beristain, administrateur de Piedmont Lithium Inc. (PLL), a déclaré la cession de 42 421 actions ordinaires Piedmont le 29/08/2025. Le formulaire 4 indique qu’après la transaction signalée, la personne déclarante ne détient plus aucune action ordinaire Piedmont. Le dépôt précise que cette opération s’est déroulée dans le cadre de l’accord de fusion du 18 novembre 2024, selon lequel chaque action Piedmont a été convertie en droit de recevoir 527 actions ordinaires de Sayona Mining Limited, constituant une réorganisation d’entreprise plutôt qu’une vente isolée sur le marché ouvert.
Jorge Beristain, Direktor von Piedmont Lithium Inc. (PLL), meldete am 29.08.2025 die Veräußerung von 42.421 Piedmont-Stammaktien. Das Formular 4 weist aus, dass die meldende Person nach der angegebenen Transaktion keine Piedmont-Stammaktien mehr besitzt. Die Einreichung erläutert, dass diese Maßnahme im Zusammenhang mit dem Fusionsvertrag vom 18. November 2024 erfolgte, wonach jede Piedmont-Aktie in das Recht auf den Erhalt von 527 Stammaktien der Sayona Mining Limited umgewandelt wurde; es handelt sich demnach um eine Konzernumstrukturierung und nicht um einen einzelnen Verkauf am offenen Markt.
FAQ
What did Jorge Beristain report on the Form 4 for PLL?
Why were Piedmont shares disposed according to the filing?
Does the Form 4 disclose how many Sayona shares the reporting person received?
Did the Form 4 report any derivative transactions or retained Piedmont holdings?
When was the underlying Merger Agreement executed?
