SEC Form 4 · accession 0001213900-26-093175
Tactical Resources Corp. · TREO
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kuljit Singh Basi
Director
Period of report
Aug 20, 2026
Accepted (ET)
Aug 24, 2026 · 6:21 pm EDT
Rule 10b5-1 plan
box not checked
Issuer CIK
0002041208
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Common SharesF2,F1 | — | Aug 20, 2026 | A | 32,500 | A | — | Aug 20, 2033 | Common Shares | 32,500 | 32,500 | D |
| Convertible DebentureF3,F2 | $0.6338 | holding | — | — | — | Jan 21, 2025 | Jan 21, 2027 | Common Shares | — | 0 | I |
| Warrants (via Convertible Debenture)F3,F2,F4,F5 | $0.6338 | holding | — | — | — | — | — | Common Shares | 5,567 | 0 | I |
Explanation of responses
- F1Represents an award of performance stock units ("PRSUs"). Each PRSU represents a contingent right to receive one common share of the Issuer (each, a "Common Share") upon the earlier of (i) the achievement of certain pre-established share price targets or (ii) a change of control of the Issuer, in each case subject to the Reporting Person's continued employment with the Issuer through the applicable payment date. One-third of the PRSUs will vest upon the Issuer's price per Common Share achieving a daily volume weighted average closing sale price per share ("Stock Price Level") of $50.00, one-third will vest upon the Issuer's price per Common Share achieving a $60.00 Stock Price Level, and the remaining one-third will vest upon the Issuer's price per Common Share achieving a $70.00 Stock Price Level. Any PRSUs that remain unvested as of the seventh anniversary of the grant date will be forfeited and cancelled without consideration.
- F2Reflects the 1-for-4 reverse stock split of the Issuer's outstanding common stock effected on 08/20/2026.
- F3The convertible debenture matures on January 21, 2027, bears interest at 10% per annum, and is convertible into units of the Issuer (each, a "Unit") at any time before maturity at a conversion price of C$0.80. Each Unit consists of one Common Share and one share purchase warrant, with each warrant exercisable for one Common Share at an exercise price of C$0.80.
- F4Each warrant becomes exercisable on the date on which the Convertible Debenture is converted into Units of the Issuer.
- F5Each warrant expires three years following the date of conversion of the Convertible Debenture.