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[SCHEDULE 13D/A] Solaris Resources Inc. SEC Filing

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
SCHEDULE 13D/A

Rhea-AI Filing Summary

Amendment No. 1 to a Schedule 13D reports that Daniel Earle, President and CEO, exercised options and completed a related sale in early October 2025. On 10/02/2025 he executed a cashless exercise that produced 417,441 Common Shares at a deemed price of C$4.90 (US$3.51), and on 10/03/2025 sold those 417,441 shares at C$8.90 (US$6.38). After accounting for direct holdings, indirect holdings through 2210637 Ontario Ltd., and outstanding options, Mr. Earle may be deemed to beneficially own 8,014,375 Common Shares, equal to approximately 4.8% on a partially diluted basis using 166,202,804 shares outstanding plus the 900,000 options. The filing states he ceased to hold more than five percent of the company's Common Shares on 10/03/2025.

Positive

  • None.

Negative

  • None.

Insights

Insider exercised options and sold the resulting shares within one day.

The exercise of 417,441 options on 10/02/2025 followed by a sale of the same number of shares on 10/03/2025 indicates a routine cashless exercise-to-sale sequence tied to compensation as President and CEO. The filing clarifies the composition of holdings: 6,141,875 shares directly held, 972,500 indirectly held, plus 900,000 options included in the reported beneficial ownership.

Dependencies and risks are straightforward: the action changed filing status relative to the five percent threshold and updated partially diluted ownership using 166,202,804 outstanding shares. Monitor near-term option exercise windows and any further open-market transactions within the next 60 days where 350,000 options are exercisable.

The amendment updates prior Schedule 13D with a material insider transaction and revised beneficial ownership.

The disclosure lists the source of funds as PF and OO and documents a cashless option exercise and immediate sale, with specific exchange rates used to convert C$ to US$. The filing restates that the Original Schedule 13D from 11/14/2024 is supplemented only by these items, limiting the scope of the amendment.

Compliance implications are limited: the form reports the exercise price, sale price, and that the reporting person fell below the 5% threshold on 10/03/2025. Continue to watch subsequent amendments if additional option exercises or share purchases occur within statutory reporting windows.






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).






SCHEDULE 13D




Comment for Type of Reporting Person:
Amounts reported in Items 7, 9, and 11 represent 6,141,875 common shares held directly; 972,500 common shares held indirectly through 2210637 Ontario Ltd., of which the Reporting Person is sole beneficial owner and officer; and 900,000 options. The percentages used herein are calculated on a partially diluted basis based upon 166,202,804 outstanding shares of Solaris Resources Inc., as of October 3, 2025, plus 900,000 options to purchase common shares held by Daniel Earle, and included pursuant to Rule 13d-3(d)(1)(i) of the Act.


SCHEDULE 13D


EARLE DANIEL
Signature:/s/ Daniel Earle
Name/Title:Daniel Earle
Date:10/06/2025
Solaris Res

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