Arthur Rule IV Amends Sprott Inc. 13G/A, Corrects Share Count

TL;DR

**Arthur Rule IV just corrected his Sprott Inc. filing, revealing he beneficially owned 13,003 more shares than previously reported as of Dec 31, 2020.**

AI Summary

Arthur Richard Rule IV, a significant shareholder in Sprott Inc., filed an amended SC 13G/A on February 12, 2024, to correct clerical errors from his original March 6, 2023 filing. The amendment reveals that Mr. Rule's beneficial ownership as of December 31, 2020, was understated by 13,003 common shares, including shares held directly by him, his spouse, the Lewis Family Trust, and the Young Marital Trust. This correction provides a more accurate picture of his influence and holdings in Sprott Inc., which is important for investors assessing insider ownership and potential control.

Why It Matters

This filing clarifies the true extent of Arthur Richard Rule IV's beneficial ownership in Sprott Inc., giving investors a more accurate understanding of his influence and stake in the company.

Risk Assessment

Risk Level: low — This filing is an amendment correcting clerical errors, not indicating a new major transaction or change in ownership strategy.

Analyst Insight

Investors should update their records to reflect the corrected beneficial ownership of Arthur Richard Rule IV in Sprott Inc. to ensure an accurate understanding of insider holdings, though this correction itself is unlikely to be a market-moving event.

Key Numbers

• 13,003 — Total omitted common shares (The total number of shares that were omitted due to clerical errors in the original filing, now corrected.)
• December 31, 2020 — Date of Event (The date as of which the beneficial ownership information is being corrected.)
• February 12, 2024 — Filing Date (The date this amended SC 13G/A was filed.)
• March 6, 2023 — Original Filing Date (The date the initial Schedule 13G was filed by Arthur Richard Rule IV.)

Key Players & Entities

• Arthur Richard Rule IV (person) — reporting person and beneficial owner of Sprott Inc. shares
• Sprott Inc. (company) — the issuer of the common shares
• Lewis Family Trust (company) — trust for which Mr. Rule exercised direction or control
• Young Marital Trust (company) — trust for which Mr. Rule exercised direction or control
• 2,500 Common Shares (dollar_amount) — shares directly held by Mr. Rule that were omitted
• 3,003 Common Shares (dollar_amount) — shares directly held by Mr. Rule's spouse that were omitted
• 1,500 Common Shares (dollar_amount) — shares held by the Lewis Family Trust that were omitted
• 6,000 Common Shares (dollar_amount) — shares held by the Young Marital Trust that were omitted

Forward-Looking Statements

• The corrected beneficial ownership will be accurately reflected in future financial data aggregators. (Sprott Inc.) — high confidence, target: Q1 2024
• This amendment will not significantly impact Sprott Inc.'s stock price. (Sprott Inc.) — high confidence, target: Near-term

FAQ

Filing Documents

• d782648dsc13ga.htm (SC 13G/A) — 81KB
• 0001193125-24-032368.txt ( ) — 82KB

From the Filing

SC 13G/A 1 d782648dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1)* SPROTT INC. (Name of Issuer) COMMON SHARES, no par value (Title of Class of Securities) 852066 (CUSIP Number) December 31, 2020 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in 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). EXPLANATORY NOTE Arthur Richard Rule IV previously filed an initial Schedule 13G in respect of the common shares, no par value per share (the Common Shares ), of Sprott Inc. (the Issuer ) on March 6, 2023 (the Original Schedule 13G ). Due to clerical errors, the Original Schedule 13G omitted 2,500 Common Shares held directly by Mr. Rule, 3,003 Common Shares held directly by Mr. Rules spouse, 1,500 Common Shares held directly by the Lewis Family Trust, for which Mr. Rule exercised direction or control as of December 31, 2020, and 6,000 Common Shares held directly by the Young Marital Trust, for which Mr. Rule exercised direction or control as of December 31, 2020. The Original Schedule 13G also checked the 2(b) group member boxes in error. This Amendment No. 1 to the Original Schedule 13G is being filed solely to correct such errors by filing this Amendment No. 1 to the Original Schedule 13G and does not otherwise modify or update in any way disclosures made in the Original Schedule 13G. -2- CUSIP No. 852066 1 NAMES OF REPORTING PERSONS Arthur Richards Rule IV 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 30,050 (1) 6 SHARED VOTING POWER 2,657,517 as of December 31, 2020; and 2,650,017 as of December 31, 2021 (2) 7 SOLE DISPOSITIVE POWER 30,050 (1) 8 SHARED DISPOSITIVE POWER 2,657,517 as of December 31, 2020; and 2,650,017 as of December 31, 2021 (2) 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 2,687,567 as of December 31, 2020; and 2,680,067 as of December 31, 2021 (3) 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (See Instructions) 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 10.5% as of December 31, 2020, and 10.4% as of December 31, 2021 (4) 12 TYPE OF REPORTING PERSON (See Instructions) IN (1) Consists of (i) 29,916 Common Shares held directly by Arthur Richards Rule IV and (ii) an aggregate of 134 Common Shares held directly in Uniform Transfer to Minor Account(s) ( UTMAs ) for certain of Mr. Rules family members, of which Mr. Rule is custodian. (2) Consists of (i) 3,003 Common Shares held directly by Mr. Rules spouse, (ii) 2,647,014 Common Shares held directly by the RIBO Trust (formerly known as the Rule Family Trust udt 12/17/98), of which Mr. Rule and his spouse are co-trustees, (iii) 6,000 Common Shares held directly by the Young Marital Trust, for which Mr. Rule exercised direction or control as of December 31, 2020 and (iv) 1,500 Common Shares held directly by the Lewis Family Trust, for which Mr. Rule exercised direction or control as of December 31, 2020. -3- (3) Represents shares described in 1 and 2 above. (4) Based on 25,564,224 Common Shares outstanding, as reported in the Issuers Annual Report filed on Form 40-F for the year ended December 31, 2020, filed February 26, 2021 ( 2020 Annual Report ), Mr. Rules percentage ownership was 10.5%. Additionally, based on 25,766,025 Common Shares outstanding, as reported in the Issuers Annual report on Form 40-F for the year ended December 31, 2021, filed February 25, 2022 ( 2021 Annual Report ), Mr. Rules percentage ownership was 10.4%. -4- CUSIP No. 852066 1 NAMES OF REPORTING PERSONS The RIBO Trust (formerly known as the Rule Family Trust udt 12/17/98) 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions) (a)(b) 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION Ontario, Canada NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 0 (1) 6 SHARED VOTING POWER 2,647,014 (1) 7 SOLE DISPOSITIV

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