Solitario Resources (XPL) CEO Christopher Herald granted 420,000 stock options

Rhea-AI Filing Summary

Solitario Resources Corp. reported an insider equity award for its President and CEO. On 12/02/2025, Christopher E. Herald, who is also a director of the company, received a stock option to purchase 420,000 shares of Solitario common stock at an exercise price of $0.63 per share. The option became exercisable on the grant date and is scheduled to expire on 12/01/2030. After this grant, Herald beneficially owned 1,280,000 derivative securities directly, reflecting his ongoing equity-based stake in the company.

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
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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^*

HERALD CHRISTOPHER E

(Last) (First) (Middle)

4251 KIPLING STREET

SUITE 390

(Street)

WHEAT RIDGE CO 80033

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
SOLITARIO RESOURCES CORP. [ xpl ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/02/2025

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

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	$0.63	12/02/2025		A		420,000		12/02/2025	12/01/2030	common	420,000	$0.63	1,280,000	D

Explanation of Responses:

	Christopher E Herald	12/03/2025
	** 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 insider transaction did Solitario Resources Corp. (XPL) report?

Solitario Resources Corp. reported that its President, CEO, and director Christopher E. Herald received a stock option grant covering 420,000 shares of common stock.

What is the exercise price of Christopher E. Herald’s new Solitario (XPL) stock options?

The newly granted stock option to Christopher E. Herald has an exercise price of $0.63 per share of Solitario common stock.

When do the new Solitario (XPL) stock options granted to the CEO become exercisable and when do they expire?

The stock option granted on 12/02/2025 became exercisable on the same date and is scheduled to expire on 12/01/2030.

How many derivative securities does the Solitario (XPL) CEO own after this option grant?

Following the reported transaction, Christopher E. Herald beneficially owned 1,280,000 derivative securities of Solitario Resources Corp., held directly.

What is Christopher E. Herald’s role at Solitario Resources Corp. (XPL)?

Christopher E. Herald serves as a director and as an officer, holding the titles of President and CEO of Solitario Resources Corp.

Is this Solitario (XPL) Form 4 filed by one or multiple reporting persons?

This Form 4 is indicated as being filed by one reporting person, namely Christopher E. Herald.