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  4. [SCHEDULE 13D] MINERALRITE Corp Major Shareholder Acquisition (>5%)

Large holder Lloyd Hendricks reports 14.5% MINERALRITE (RITE) stake in Schedule 13D

Filing Impact
(High)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D

Rhea-AI Filing Summary

MINERALRITE Corp received a large shareholder disclosure from investor Lloyd B. Hendricks III, who reported beneficial ownership of 905,767,040 common shares, representing 14.5% of the outstanding common stock. This stake is held for investment purposes using personal and business assets.

Hendricks reports both sole and shared voting and dispositive power over the same 905,767,040 shares, indicating significant influence over how these shares are voted and whether they are sold. He states he does not exercise management control of the company and provides consulting services to the issuer through Abstract Concepts 1618, LLC. No additional contracts, arrangements, or related exhibits are disclosed.

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Insights

A single investor now holds about 14.5% of MINERALRITE’s common stock.

Lloyd B. Hendricks III reports beneficial ownership of 905,767,040 MINERALRITE common shares, equal to about 14.5% of the class. He has both voting and dispositive power over these shares, giving him notable influence as a minority holder.

The filing characterizes the position as being for investment purposes only, with no stated intent to control management. Hendricks also performs consulting services for the issuer via Abstract Concepts 1618, LLC, which can align economic and advisory interests but does not, by itself, imply control.

The stake became reportable as of June 10, 2026. Subsequent public filings may show whether his ownership increases, decreases, or remains stable and whether any future amendments to this Schedule 13D disclose changes in purpose or additional arrangements.

Beneficial ownership 905,767,040 shares Common stock beneficially owned by Lloyd B. Hendricks III
Ownership percentage 14.5% Percent of MINERALRITE common stock class represented
Sole voting power 905,767,040 shares Shares over which Hendricks has sole voting power
Shared voting power 905,767,040 shares Shares over which Hendricks has shared voting power
Sole dispositive power 905,767,040 shares Shares over which Hendricks has sole dispositive power
Shared dispositive power 905,767,040 shares Shares over which Hendricks has shared dispositive power
Event date 06/10/2026 Date of event requiring Schedule 13D filing
beneficially owned financial
"Aggregate amount beneficially owned by each reporting person 905,767,040.00"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
Sole Voting Power regulatory
"Number of Shares Beneficially Owned by Each Reporting Person With: 7 | Sole Voting Power 905,767,040.00"
Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.
Dispositive Power regulatory
"9 | Sole Dispositive Power 905,767,040.00 10 | Shared Dispositive Power 905,767,040.00"
Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.
Schedule 13D regulatory
"If the filing person has previously filed a statement on Schedule 13G to report the acquisition"
A Schedule 13D is a legal document that investors file with regulators when they buy a large enough stake in a company to potentially influence its management or decisions. It provides details about the investor’s intention, ownership stake, and plans, helping other investors understand who is gaining control and what their motives might be.
investment purposes only financial
"Purpose of Transaction | For investment purposes only."
personal and business assets financial
"Source and Amount of Funds or Other Consideration | Personal and business assets."
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60314D106
(CUSIP Number)
Lloyd B. Hendricks III
C/O Abstract Concepts 1618, LLC, 300 E. Main St., Suite 3
Carbondale, IL, 62901
618-534-1681
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
06/10/2026
(Date of Event Which Requires Filing of This Statement)


If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


schemaVersion:


SCHEDULE 13D






SCHEDULE 13D


Hendricks Lloyd Bernard III
Signature:/s/ Lloyd B. Hendricks III
Name/Title:Lloyd B. Hendricks III
Date:06/10/2026

Source: View Original Filing on SEC EDGAR

FAQ

How many MINERALRITE (RITE) shares does Lloyd B. Hendricks III own?

Lloyd B. Hendricks III reports beneficial ownership of 905,767,040 MINERALRITE common shares. This represents a significant single-holder position and gives him notable voting and dispositive power over that portion of the company’s equity.

What percentage of MINERALRITE (RITE) does Lloyd B. Hendricks III control?

He reports beneficial ownership of approximately 14.5% of MINERALRITE’s common stock. Holding more than 5% requires this Schedule 13D filing and reflects a sizable minority investment in the company.

Why did Lloyd B. Hendricks III acquire MINERALRITE (RITE) shares?

He states the MINERALRITE shares are held for investment purposes only. The filing notes he does not exercise management control of the company, although he does provide consulting services to the issuer through Abstract Concepts 1618, LLC.

Does Lloyd B. Hendricks III have voting and dispositive power over his MINERALRITE (RITE) shares?

Yes. The filing shows 905,767,040 shares with sole and shared voting and dispositive power. This means he can influence how those shares are voted and whether they are sold or otherwise transferred.

Are there any special agreements tied to Lloyd B. Hendricks III’s MINERALRITE (RITE) stake?

No additional arrangements are disclosed. The Schedule 13D states there are no contracts, arrangements, understandings, or relationships with respect to MINERALRITE securities beyond his investment position and consulting relationship.

When did Lloyd B. Hendricks III’s MINERALRITE (RITE) ownership trigger this filing?

The date of the event requiring the Schedule 13D is June 10, 2026. That date marks when his beneficial ownership level or related circumstances required public disclosure under SEC rules.