MINERALRITE repurchases preferred shares for $107M note

The note was applied to warrant exercise prices and certain royalty repurchase prices, then cancelled, with no cash exchanged.

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Rhea-AI Filing Summary

MINERALRITE Corp repurchased 3,919,388 Series NMC Preferred shares from Abstract Holdings 1618, LLC on September 30, 2026, for a non-interest-bearing promissory note of $106,724,942, approximately $27.23 per share. The note was applied that day to warrant exercise prices and certain royalty repurchase prices, then cancelled; no cash was exchanged.

Ten-percent owner Lloyd Bernard Hendricks III reported indirect warrant exercises by Abstract Holdings for 6,900,000 Series NMC Preferred shares at $15 per share, and by Abstract Concepts 1618, LLC and Commodity Capital Advisors, LLC for 47,600 and 5,900 Series D Preferred shares, respectively, at $25 per share. The shares are issuable upon effectiveness of MINERALRITE's Restated Certificate of Formation. Abstract Holdings is wholly owned by Abstract Concepts, which Hendricks owns and controls; Abstract Concepts manages Commodity Capital Advisors. Hendricks disclaims beneficial ownership except to the extent of his pecuniary interest.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 7 txns

Insider Hendricks Lloyd Bernard III

Role 10% Owner

Sold 3,919,388 shs ($106.72M)

Approx. gross sale proceeds $106.72M

Approx. exercise cost $104.84M

Type	Security	Shares	Price	Value
In-the-Money Exercise	Warrant to Purchase Series NMC Preferred ^F2	6,900,000	$0.00	$0.00
In-the-Money Exercise	Warrant to Purchase Series D Preferred ^F2	47,600	$0.00	$0.00
In-the-Money Exercise	Warrant to Purchase Series D Preferred ^F4	5,900	$0.00	$0.00
Sale	Series NMC Preferred ^{F1, F2}	3,919,388	$27.23	$106.72M
In-the-Money Exercise	Series NMC Preferred ^{F3, F2}	6,900,000	$15.00	$103.50M
In-the-Money Exercise	Series D Preferred ^{F3, F2}	47,600	$25.00	$1.19M
In-the-Money Exercise	Series D Preferred ^{F3, F4}	5,900	$25.00	$148K

Holdings After Transaction: Warrant to Purchase Series NMC Preferred — 0 contracts (Indirect, By Abstract Holdings 1618, LLC); Warrant to Purchase Series D Preferred — 0 contracts (Indirect, By Abstract Concepts 1618, LLC); Warrant to Purchase Series D Preferred — 0 contracts (Indirect, By Commodity Capital Advisors, LLC); Series NMC Preferred — 9,880,612 shares (Indirect, By Abstract Holdings 1618, LLC); Series D Preferred — 47,600 shares (Indirect, By Abstract Concepts 1618, LLC); Series D Preferred — 5,900 shares (Indirect, By Commodity Capital Advisors, LLC)

Footnotes (4)

F1. Repurchased by the issuer for a non-interest-bearing promissory note of $106,724,942, approximately $27.23 per share. On the same date the note was applied to the warrant exercise prices reported here and to certain royalty repurchase prices, and was then cancelled. No cash was exchanged.
F2. Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.
F3. Shares issuable on exercise will be issued upon effectiveness of the issuer's Restated Certificate of Formation.
F4. Abstract Concepts 1618, LLC is the manager of Commodity Capital Advisors, LLC. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

Key Figures

Series NMC Preferred shares repurchased: 3,919,388 shares Repurchase price per share: approximately $27.23 per share Promissory note: $106,724,942 +5 more

8 metrics

Series NMC Preferred shares repurchased 3,919,388 shares Repurchased by MINERALRITE from Abstract Holdings 1618, LLC on September 30, 2026

Repurchase price per share approximately $27.23 per share Series NMC Preferred shares repurchased from Abstract Holdings 1618, LLC

Promissory note $106,724,942 Non-interest-bearing note applied to warrant exercise prices and certain royalty repurchase prices, then cancelled

Series NMC Preferred shares issuable on warrant exercise 6,900,000 shares Abstract Holdings 1618, LLC; issuance upon effectiveness of MINERALRITE's Restated Certificate of Formation

Series NMC warrant exercise price $15 per share Warrant exercise by Abstract Holdings 1618, LLC

Series D Preferred shares issuable on warrant exercise 47,600 shares Abstract Concepts 1618, LLC; issuance upon effectiveness of MINERALRITE's Restated Certificate of Formation

Series D Preferred shares issuable on warrant exercise 5,900 shares Commodity Capital Advisors, LLC; issuance upon effectiveness of MINERALRITE's Restated Certificate of Formation

Series D warrant exercise price $25 per share Warrant exercises by Abstract Concepts 1618, LLC and Commodity Capital Advisors, LLC

Key Terms

non-interest-bearing promissory note, warrant exercise prices, Restated Certificate of Formation, pecuniary interest

4 terms

non-interest-bearing promissory note financial

"non-interest-bearing promissory note of $106,724,942"

A non-interest-bearing promissory note is a written promise to repay a fixed principal amount at a future date that does not pay periodic interest; instead it is typically issued at a discount or has implied interest built into the difference between the amount received and the amount repaid. It matters to investors because the actual cost to the issuer and the effective return to a holder depend on that built‑in yield and on how the note is recorded for cash flow, valuation and accounting purposes—think of it as borrowing $90 now with a promise to repay $100 later.

warrant exercise prices financial

"applied to the warrant exercise prices"

Restated Certificate of Formation technical

"upon effectiveness of the issuer's Restated Certificate of Formation"

pecuniary interest financial

"except to the extent of his pecuniary interest"

FAQ

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

How many Series NMC Preferred shares did MINERALRITE repurchase, and what was the consideration?

MINERALRITE repurchased 3,919,388 Series NMC Preferred shares from Abstract Holdings 1618, LLC for a non-interest-bearing promissory note of $106,724,942, approximately $27.23 per share. The note was applied to warrant exercise prices and certain royalty repurchase prices and then cancelled; no cash was exchanged.

What warrants were exercised for RITE preferred shares, and when are the shares issuable?

In transactions reported by ten-percent owner Lloyd Bernard Hendricks III, Abstract Holdings 1618, LLC exercised warrants for 6,900,000 Series NMC Preferred shares at $15 per share. Abstract Concepts 1618, LLC and Commodity Capital Advisors, LLC exercised warrants for 47,600 and 5,900 Series D Preferred shares, respectively, at $25 per share. The shares are issuable upon effectiveness of MINERALRITE's Restated Certificate of Formation.

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Available on EDGAR 10/06/2026 - 03:37 PM Accepted by SEC EDGAR 10/06/2026 - 03:36 PM

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).

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^*

Hendricks Lloyd Bernard III

(Last)

(First)

(Middle)

C/O ABSTRACT CONCEPTS 1618, LLC

7901 4TH ST.N., #18408

(Street)

ST. PETERSBURG

FLORIDA

33702

(City)

(State)

(Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
MINERALRITE Corp [ RITE ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Series NMC Preferred	09/30/2026		S		3,919,388	D	$27.23⁽¹⁾	2,980,612	I	By Abstract Holdings 1618, LLC⁽²⁾
Series NMC Preferred	09/30/2026		X		6,900,000	A	$15⁽³⁾	9,880,612	I	By Abstract Holdings 1618, LLC⁽²⁾
Series D Preferred	09/30/2026		X		47,600	A	$25⁽³⁾	47,600	I	By Abstract Concepts 1618, LLC⁽²⁾
Series D Preferred	09/30/2026		X		5,900	A	$25⁽³⁾	5,900	I	By Commodity Capital Advisors, LLC⁽⁴⁾

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Warrant to Purchase Series NMC Preferred	$15	09/30/2026		X			6,900,000	05/06/2026	12/31/2034	Series NMC Preferred	6,900,000	$0	0	I	By Abstract Holdings 1618, LLC⁽²⁾
Warrant to Purchase Series D Preferred	$25	09/30/2026		X			47,600	10/06/2025	12/31/2026	Series D Preferred	47,600	$0	0	I	By Abstract Concepts 1618, LLC⁽²⁾
Warrant to Purchase Series D Preferred	$25	09/30/2026		X			5,900	10/07/2025	12/31/2026	Series D Preferred	5,900	$0	0	I	By Commodity Capital Advisors, LLC⁽⁴⁾

Explanation of Responses:

1. Repurchased by the issuer for a non-interest-bearing promissory note of $106,724,942, approximately $27.23 per share. On the same date the note was applied to the warrant exercise prices reported here and to certain royalty repurchase prices, and was then cancelled. No cash was exchanged.

2. Abstract Holdings 1618, LLC is wholly owned by Abstract Concepts 1618, LLC, which is owned and controlled by the reporting person. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

3. Shares issuable on exercise will be issued upon effectiveness of the issuer's Restated Certificate of Formation.

4. Abstract Concepts 1618, LLC is the manager of Commodity Capital Advisors, LLC. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest.

	/s/ Lloyd B. Hendricks III	10/06/2026
	** 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 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR