Form 4: PLL director reports disposal of 11,179 shares tied to Sayona merger

Rhea-AI Filing Summary

Claude Demby, a director of Piedmont Lithium Inc. (PLL), reported a disposal of 11,179 shares of Piedmont common stock on 08/29/2025, leaving him with 0 shares following the transaction. The Form 4 identifies the transaction code as a disposal and lists the reporting person as a director based at Piedmont Lithium Inc.'s Belmont, NC address.

The filing explains this transaction in the context of the Agreement and Plan of Merger dated November 18, 2024, under which each share of Piedmont common stock was converted into the right to receive 527 ordinary shares of Sayona Mining Limited at the effective time of the merger. The Form 4 is signed by Claude Demby and provides no exercise or derivative information.

Positive

• Transaction is clearly disclosed on Form 4 with reporting person, date, and amount, supporting regulatory transparency
• Filing links the change to the Merger Agreement, which explains the ownership conversion mechanics (1 Piedmont share => 527 Sayona shares)

Negative

• Reporting person holds 0 Piedmont common shares following the reported disposal
• No price or proceeds information is provided in the Form 4, limiting assessment of financial impact to the reporting person

Insights

Corporate Governance Expert

TL;DR: Director disposed of all Piedmont shares as part of the specified merger conversion; transaction aligns with the merger mechanics.

The Form 4 reports a disposal of 11,179 Piedmont common shares by director Claude Demby, resulting in zero Piedmont holdings. The explanatory note ties the change directly to the Merger Agreement converting each Piedmont share into the right to 527 Sayona ordinary shares. From a governance perspective, the filing documents a post-merger ownership transition rather than an isolated cash sale, which is important for transparency and Section 16 compliance. The filing contains no price information and no derivatives, limiting further analysis.

Securities Analyst

TL;DR: Reported disposal matches merger conversion language; material to shareholders because it documents ownership conversion but lacks price details.

The disclosure shows a director-level disposition of 11,179 shares on 08/29/2025 with zero Piedmont shares remaining. The filing attributes the change to the Merger Agreement with Sayona Mining Limited, specifying a conversion ratio of 1 Piedmont share to 527 Sayona ordinary shares. This is a material corporate event affecting equity structure; however, the Form 4 does not disclose any sale price or cash proceeds, so market-impact analysis requires the merger's proxy or 8-K for full financial detail.

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

OMB Number:			3235-0287
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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^*

Demby Claude

(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)		11,179	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/ Claude Demby	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 Claude Demby report on the Form 4 for Piedmont Lithium (PLL)?

He reported a disposal of 11,179 shares of Piedmont common stock on 08/29/2025, leaving him with 0 shares.

Why were the Piedmont shares disposed according to the filing?

The filing explains the change arose from the Merger Agreement under which each Piedmont share was converted into the right to receive 527 Sayona ordinary shares.

Does the Form 4 show any derivatives or options held by the reporting person?

No. The Form 4 contains no entries in Table II and reports no derivative securities or option holdings.

Is there a sale price disclosed for the disposed Piedmont shares in this Form 4?

No. The Form 4 lists the transaction as a disposal but does not provide any sale price or proceeds information.

What is the reporting person's relationship to Piedmont Lithium (PLL)?

The Form 4 identifies Claude Demby as a Director of Piedmont Lithium Inc.