Purebase (PUBC) Amended Form 4: CFO Directly Owns 400K Options

Rhea-AI Filing Summary

Stephen Craig Gillings, who is listed as Chief Financial Officer and a director of Purebase Corp (PUBC), filed an amended Form 4 reporting option acquisitions. The filing shows two separate stock option grants totaling 400,000 options with a $0.06 strike price, each reported as directly owned. One option line references a grant dated 12/13/2023 for 200,000 options exercisable beginning 12/11/2024 and expiring 02/06/2030. The second line reports an acquisition dated 02/06/2025 for 200,000 options exercisable beginning 02/06/2026 and expiring 02/06/2031. The form is an amendment and is signed by Mr. Gillings on 08/26/2025. All reported holdings are direct and the filing does not state any cash or other consideration beyond the $0.06 exercise price per share.

Positive

• Insider alignment: CFO/director holds 400,000 options, indicating management has potential equity upside tied to company performance.
• Detailed disclosure: Amendment clarifies exercisability and expiration dates, improving transparency on insider compensation timing.

Negative

• None.

Insights

Securities Analyst

TL;DR: CFO/director reported acquiring 400,000 stock options at a $0.06 strike in two grants, increasing direct potential equity exposure.

The filing documents two option grants totaling 400,000 options at a $0.06 exercise price, each reported as directly beneficially owned by the reporting person. One grant references a 12/13/2023 grant with exercisability starting 12/11/2024 and a 02/06/2030 expiration; the other shows a 02/06/2025 acquisition with exercisability beginning 02/06/2026 and a 02/06/2031 expiration. As an amended Form 4, it corrects or supplements prior disclosure. For investors, this clarifies insider equity compensation timing and the CFO's direct option holdings without revealing any exercises, sales, or cash proceeds in this filing.

Corporate Governance Expert

TL;DR: Amendment confirms the CFO holds direct option awards; disclosure improves transparency on insider compensation schedule.

The amended filing provides transparent detail on the reporting person's option awards, including strike price, exercisability windows, and expirations, and confirms direct ownership. This is a routine, governance-related disclosure that helps stakeholders track insider incentives and potential future dilution if options are exercised. The form contains no indications of exercises, transfers, or other transactions that would immediately affect share count or liquidity.

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
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

GILLINGS STEPHEN CRAIG

(Last) (First) (Middle)

28981 MODJESKA PEAK LANE

(Street)

TRABUCO CANYON CA 92679

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Purebase Corp [ PUBC ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/06/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
08/15/2025

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

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
Stock Option (right to buy)	$0.06	12/13/2023		A		200,000		12/11/2024	02/06/2030	Common Stock	200,000	$0.06	200,000	D
Stock Option (right to buy)	$0.06	02/06/2025		A		200,000		02/06/2026	02/06/2031	Common Stock	200,000	$0.06	200,000	D

Explanation of Responses:

	/s/ Stephen Craig Gillings	08/26/2025
	** 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 Purebase Corp (PUBC) reporting person Stephen Gillings disclose on the amended Form 4?

The amended Form 4 reports two stock option acquisitions totaling 400,000 options at a $0.06 strike, with exercisability and expiration dates noted for each grant.

When are the reported options exercisable and when do they expire?

One grant is exercisable beginning 12/11/2024 and expires 02/06/2030; the other is exercisable beginning 02/06/2026 and expires 02/06/2031.

Does the Form 4 show any option exercises or sales by the reporting person?

No. The filing reports acquisitions of options and the resulting direct beneficial ownership; it does not report any exercises, dispositions, or sales.

Was this filing an original or an amendment and who signed it?

This filing is an amended Form 4 and it is signed by Stephen Craig Gillings with a signature date of 08/26/2025.

How many options does Stephen Gillings beneficially own following the reported transactions?

The filing shows 200,000 options from each reported grant for a total of 400,000 options beneficially owned directly following the reported transactions.