SVRN CEO Ternullo granted 41,108 restricted shares

The award's vesting schedule begins September 1, 2026, and continued service is required on each applicable vesting date.

Available on EDGAR 11/04/2026 - 04:31 PM EST Accepted by SEC EDGAR 11/04/2026 - 04:31 PM EST Learn about SEC filing dates

This filing corrects an earlier one, and you can read the original Form 3 if you want to see what changed.

Rhea-AI Filing Summary

SVRN, Inc. reports that its Chief Executive Officer, Salvatore J. Ternullo, was granted 41,108 shares of restricted common stock. The award vests 25% on September 1, 2026, with the balance vesting monthly in equal installments over the next 36 months, subject to continued service on each applicable vesting date. The reported share count reflects the 1-for-20 reverse stock split effected March 30, 2026.

Insider Trade Summary

Holdings reported, no transactions

Holdings

Insider Ternullo Salvatore J.

Role Chief Executive Officer

Type	Security	Shares	Price	Value
Holding	Common Stock F1	--	--	--

Holdings: Common Stock — 41,108 shares (Direct)

Footnotes (1)

1. F1. The Reporting Person was granted 41,108 shares of restricted common stock, vesting 25% on September 1, 2026, with the balance of the shares vesting monthly in equal installments over the next 36 months, subject to continued service on each applicable vesting date. On March 30, 2026, the Issuer effected a 1-for-20 reverse stock split of the Issuer's common stock (the "Reverse Split"). The number of shares of common stock reported on this Form 3/A reflects the Reporting Person's common stock after giving effect to the Reverse Split.

Key Figures

Restricted common stock granted: 41,108 shares First vesting installment: 25% Remaining vesting period: 36 months +1 more

4 metrics

Restricted common stock granted 41,108 shares Award to the Chief Executive Officer; reported count reflects the reverse stock split

First vesting installment 25% Vests September 1, 2026

Remaining vesting period 36 months Monthly equal installments, subject to continued service on each applicable vesting date

Reverse stock split ratio 1-for-20 Effected March 30, 2026

Key Terms

restricted common stock, vesting, reverse stock split

3 terms

restricted common stock financial

"41,108 shares of restricted common stock"

Restricted common stock is company shares that carry limits on selling or transferring for a set period or until certain conditions are met, like time-based vesting or regulatory clearance. Think of them as shares in a locked box that gradually open; they can become freely tradable later but initially reduce the number of shares available on the market. Investors watch restricted stock because its eventual release can change a company’s share supply, affect stock price, and influence control and dilution.

vesting financial

"vesting 25% on September 1, 2026"

Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.

reverse stock split financial

"effected a 1-for-20 reverse stock split"

A reverse stock split reduces a company's number of outstanding shares while raising the price per share proportionally, so the total value of each investor's holding is unchanged; a 1-for-10 split turns 100 shares worth $1 each into 10 shares worth $10 each. Companies often do this to regain compliance with an exchange's minimum price rule or to attract investors who avoid very low-priced stocks.

FAQ

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

How many restricted shares did SVRN's CEO receive?

Salvatore J. Ternullo, SVRN's Chief Executive Officer, was granted 41,108 shares of restricted common stock. The award vests 25% on September 1, 2026, then in monthly equal installments over the next 36 months, subject to continued service on each applicable vesting date.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Ternullo Salvatore J.

(Last) (First) (Middle)

PENDELIS 26

PALAIO FALIRO

(Street)

ATHENS 175 64

(City) (State) (Zip)

GREECE

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
SVRN, Inc. [ SVRN ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)
03/18/2026

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

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

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock(1)	41,108(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The Reporting Person was granted 41,108 shares of restricted common stock, vesting 25% on September 1, 2026, with the balance of the shares vesting monthly in equal installments over the next 36 months, subject to continued service on each applicable vesting date. On March 30, 2026, the Issuer effected a 1-for-20 reverse stock split of the Issuer's common stock (the "Reverse Split"). The number of shares of common stock reported on this Form 3/A reflects the Reporting Person's common stock after giving effect to the Reverse Split.

Remarks:

This amended Form 3 is filed to correct an award that was inadvertently reported as a derivative security on the Reporting Person's original Form 3.

	/s/ Salvatore J. Ternullo	11/04/2026
	** 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 5 (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 3: SEC 1473 (03-26)