CFO adds 50,000 Silver Bull (SVBL) shares at US$0.2200

Rhea-AI Filing Summary

Silver Bull Resources’ Chief Financial Officer Christopher Richards made an open-market purchase of 50,000 common shares. He bought the shares at US$0.2200 each, increasing his direct holdings to 347,839 shares. The shares were purchased at CDN$0.31, using an exchange rate of CDN$1.00 = US$0.7240 as of April 13, 2026.

Insider Trade Summary

Net Buyer: 50,000 shares ($11,000)

Net Buy 1 txn

Insider RICHARDS CHRISTOPHER

Role Chief Financial Officer

Bought 50,000 shs ($11K)

Type	Security	Shares	Price	Value
Purchase	Common Stock	50,000	$0.22	$11K

Holdings After Transaction: Common Stock — 347,839 shares (Direct)

Footnotes (1)

1. [object Object]

Key Figures

Shares purchased: 50,000 shares Purchase price: US$0.2200 per share Holdings after transaction: 347,839 shares +2 more

5 metrics

Shares purchased 50,000 shares Open-market purchase on April 14, 2026

Purchase price US$0.2200 per share Price paid for common stock

Holdings after transaction 347,839 shares Direct ownership following purchase

Canadian price CDN$0.31 per share Original purchase currency per footnote

FX rate used CDN$1.00 = US$0.7240 Exchange rate as of April 13, 2026

Key Terms

open-market purchase, foreign currency exchange rate, Chief Financial Officer

3 terms

open-market purchase financial

"transaction_action: "open-market purchase""

An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.

foreign currency exchange rate financial

"converted based on the foreign currency exchange rate as of April 13, 2026"

The foreign currency exchange rate is the price of one country’s money expressed in another country’s money — like a price tag that tells you how many units of one currency you get for one unit of another. Investors care because this rate changes the value of overseas sales, costs, assets and debts when converted back into their home currency, affecting profits, valuations and the return on international investments.

Chief Financial Officer financial

"officer_title: "Chief Financial Officer""

A Chief Financial Officer (CFO) is the person in charge of a company's money and financial planning. They decide how to spend, save, and invest funds to help the company grow and stay stable. Their role is important because good financial decisions keep the company healthy and successful.

Form 4 Insider Transactions: What Each Field Means →

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^*

RICHARDS CHRISTOPHER

(Last) (First) (Middle)

C/O SILVER BULL RESOURCES, INC.

999 WEST HASTINGS STREET, SUITE 1508

(Street)

VANCOUVER CANADA V6C 2W2

(City) (State) (Zip)

BRITISH COLUMBIA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
SILVER BULL RESOURCES, INC. [ SVBL ]

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/14/2026

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)
04/14/2026

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	04/14/2026		P		50,000	A	$0.22(1)	347,839	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. Shares were purchased for CDN$0.31, converted based on the foreign currency exchange rate as of April 13, 2026 (CDN$1.00=US$0.7240)

Remarks:

A previously filed Form 4 was erroneously filed.

	/s/ Christopher Richards	04/14/2026
	** 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)

FAQ

What insider transaction did Silver Bull Resources (SVBL) report on this Form 4/A?

Silver Bull Resources reported that its Chief Financial Officer, Christopher Richards, completed an open-market purchase of common stock. He acquired 50,000 shares, adding to his existing stake and signaling a larger personal investment in the company’s equity.

How many Silver Bull Resources (SVBL) shares did the CFO buy and at what price?

The CFO bought 50,000 shares of Silver Bull Resources common stock at a price of US$0.2200 per share. The purchase was identified as an open-market transaction, indicating he bought the shares on the market rather than through a grant or option exercise.

What is the CFO’s total Silver Bull (SVBL) shareholding after this transaction?

After the transaction, the CFO directly owns 347,839 shares of Silver Bull Resources common stock. This figure reflects his position following the 50,000-share open-market purchase, providing a snapshot of his direct equity stake in the company.

In what currency was the Silver Bull (SVBL) share purchase initially priced?

The shares were initially purchased at CDN$0.31 each, then converted to US dollars. The conversion used a foreign exchange rate of CDN$1.00 = US$0.7240 as of April 13, 2026, resulting in a reported US$0.2200 per-share price.

Was the Silver Bull (SVBL) CFO transaction a market trade or a stock grant?

The transaction was an open-market purchase of common stock, not a stock grant or option exercise. It is coded as a “P” transaction, meaning the CFO chose to buy shares on the market at US$0.2200 per share.