PLL Director Reports Disposal; Piedmont Shares Converted to Sayona at 527:1

Rhea-AI Filing Summary

Michael A. Bless, a director of Piedmont Lithium Inc. (PLL), reported a transaction dated 08/29/2025 in which he disposed of 11,065 shares of Piedmont common stock and, following the reported transaction, beneficially owns 0 shares. The filing states the disposition is tied to the Merger Agreement among Piedmont, Sayona Mining Limited and Shock MergeCo Inc., under which each Piedmont share was converted into the right to receive 527 ordinary shares of Sayona. The Form 4 is signed by Mr. Bless on 08/29/2025 and indicates he filed as a reporting person who is a director. No derivative transactions or prices are reported on the form.

Insights

Financial Analyst

TL;DR: Director disposed of all reported Piedmont shares on the Merger effective date; holdings converted into Sayona shares per merger terms.

The Form 4 discloses a disposal of 11,065 Piedmont common shares by director Michael A. Bless on 08/29/2025, leaving him with zero Piedmont shares of record. The filing explicitly ties the transaction to the Merger Agreement that converted each Piedmont share into the right to receive 527 Sayona ordinary shares. For investors, this is a disclosure of ownership change driven by a corporate transaction rather than a routine open-market sale; it clarifies post-merger ownership in the issuer entity but does not provide information about the recipient Sayona holdings or any cash consideration.

Corporate Governance Expert

TL;DR: Board-level insider filed timely disclosure showing conversion-related disposition; the report documents compliance with Section 16 requirements.

The submission indicates Michael A. Bless filed as a director and reported the disposition consistent with the Merger Agreement converting Piedmont shares into Sayona shares at a 527:1 ratio. The Form 4 shows no retained Piedmont equity by the reporting person after the transaction, which is relevant for governance transparency and potential conflicts of interest assessments. The filing does not specify any related agreements beyond the merger conversion terms nor any retained indirect holdings.

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

OMB APPROVAL

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X

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^*

BLESS MICHAEL A

(Last) (First) (Middle)

C/O PIEDMONT LITHIUM INC.

42 E CATAWBA STREET

(Street)

BELMONT NC 28012

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Piedmont Lithium Inc. [ PLL ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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
Common Stock, par value $0.0001	08/29/2025		D(1)		11,065	D	(1)	0	D

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

Explanation of Responses:

1. Piedmont Lithium Inc. ("Piedmont"), Sayona Mining Limited ("Sayona") and Shock MergeCo Inc. ("Merger Sub") are parties to the Agreement and Plan of Merger, dated as of November 18, 2024 (the "Merger Agreement"), pursuant to which, among other things, Merger Sub was merged with and into Piedmont (the "Merger"). Pursuant to the Merger Agreement, at the effective time of the Merger, each share of common stock of Piedmont was converted into the right to receive 527 ordinary shares of Sayona.

	/s/ Michael A. Bless	08/29/2025
	** 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 4 (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.

FAQ

What did Michael A. Bless report on Form 4 for PLL?

He reported a disposal of 11,065 Piedmont common shares on 08/29/2025 and now beneficially owns 0 Piedmont shares.

Why were the Piedmont shares disposed according to the filing?

The filing states the disposition is tied to the Merger Agreement under which each Piedmont share was converted into the right to receive 527 Sayona ordinary shares.

Did the Form 4 report any derivative transactions or prices?

No. The filing shows no derivative securities reported and does not provide prices for the non-derivative transaction.

What is the reporting person’s relationship to Piedmont?

Michael A. Bless is reported as a Director of Piedmont Lithium Inc.

When was the Form 4 signed?

The Form 4 is signed by Michael A. Bless on 08/29/2025.