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Anson Resources Limited (ASX:ASN) has reported a change in director Gregory Knox’s securities holdings after meeting the vesting condition attached to Class Z performance rights. As disclosed on 3 July 2026, 400,000 Class Z performance rights were converted into 400,000 ordinary shares without any cash payment, while 400,000 Class P and 400,000 Class Q performance rights were cancelled concurrently. This transaction marks a significant adjustment in Knox’s equity stake, increasing his indirect ordinary shareholding and decreasing his performance rights exposure. Investors monitoring insider equity positions at Anson Resources may interpret this vesting event as a sign of progress against the company’s performance rights milestones.<\/p> <\/div>
Key Points<\/h3>
- Company: Anson Resources Limited (ASX:ASN)<\/li>
- Director Gregory Knox’s securities holdings updated on 3 July 2026 after vesting condition for Class Z performance rights was met<\/li>
- 400,000 Class Z performance rights converted into 400,000 ordinary shares (indirectly held via Knox Superfund Pty Ltd) with no consideration paid<\/li>
- Simultaneous cancellation of 400,000 Class P and 400,000 Class Q performance rights<\/li>
- Knox’s indirect ordinary shares increased from 5,217,228 to 5,617,228; indirect performance shares decreased from 2,800,000 to 1,600,000<\/li>
- No changes to Knox’s direct shareholding or unlisted options in either direct or indirect holdings<\/li>
- Investors should monitor any future vesting events or disclosures related to Knox’s remaining 2,000,000 direct performance rights<\/li>
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Gregory Knox’s Securities Holdings Before and After 3 July 2026<\/h2>
Before the 3 July 2026 update, Knox held direct securities comprising 13,424,859 ordinary shares, 31,250 unlisted options exercisable at $0.12 expiring 16 November 2026, and 2,000,000 performance rights. Indirectly, through Knox Superfund Pty Ltd, he held 5,217,228 ordinary shares, 2,800,000 performance shares, and 156,250 unlisted options exercisable at $0.12 expiring 16 November 2026.<\/p>
After the transaction, Knox’s direct holdings remained unchanged. The conversion of 400,000 Class Z performance rights into ordinary shares increased his indirect ordinary shares to 5,617,228. Concurrently, 400,000 Class P and 400,000 Class Q performance rights were cancelled, reducing his indirect performance shares from 2,800,000 to 1,600,000. The indirect unlisted options holding of 156,250 remained unchanged.<\/p>
Details on Vesting Condition Satisfaction for Class Z Performance Rights<\/h2>
The company confirmed the change resulted from the "satisfaction of vesting condition for Class Z performance rights," meaning the milestone linked to this tranche was achieved, triggering automatic conversion into ordinary shares. No consideration was paid, consistent with standard performance rights arrangements where shares are issued upon vesting rather than purchased.<\/p>
Performance rights are commonly used as long-term incentives in Australian listed companies, tied to operational, financial, or share price targets. While the update confirms the Class Z condition was met, it does not disclose the specific milestone. Investors seeking details should refer to prior remuneration disclosures or original grant documents.<\/p>
Cancellation of Class P and Class Q Performance Rights<\/h2>
Alongside the Class Z conversion, 400,000 Class P and 400,000 Class Q performance rights were cancelled without conversion to shares, with nil consideration recorded. Reasons for cancellation may include unmet vesting conditions, expiry, or mutual agreement, though the company did not specify the cause.<\/p>
This simultaneous vesting and cancellation suggests a consolidation of Knox’s performance incentives, resulting in fewer outstanding performance rights and a higher ordinary shareholding.<\/p>
Knox Superfund Pty Ltd as Indirect Holder<\/h2>
The securities involved are held indirectly by Knox via Knox Superfund Pty Ltd, a self-managed superannuation fund (SMSF). Holding securities through an SMSF is a common tax-efficient strategy among Australian directors and executives.<\/p>
Under the Corporations Act and ASX listing rules, securities held through an SMSF linked to a director are considered notifiable interests and must be disclosed like direct holdings. The company confirmed all relevant interests were disclosed and that the transaction did not occur during a restricted trading period.<\/p>
Total Ordinary Shares Held by Knox Post-Transaction<\/h2>
Combining direct and indirect holdings, Knox now holds 19,042,087 ordinary shares (13,424,859 direct plus 5,617,228 indirect), up 400,000 shares from 18,642,087 before the transaction due to the Class Z conversion.<\/p>
Knox also retains 2,000,000 direct performance rights and 187,500 unlisted options (31,250 direct and 156,250 indirect), all exercisable at $0.12 per share and expiring 16 November 2026. His indirect performance shares stand at 1,600,000 following the cancellations. This reflects a diversified and substantial equity interest.<\/p>
Compliance with ASX and Corporations Act Disclosure Requirements<\/h2>
The update was lodged under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act 2001, which mandate directors notify the company of changes in their securities interests. Knox’s previous notice was filed on 23 December 2025, making this the first update in about six months.<\/p>
The disclosure confirms no trading occurred during a closed period requiring clearance and no contracts were entered or modified related to this change. Anson Resources fulfilled continuous disclosure obligations by promptly lodging the Appendix 3Y form following the 3 July 2026 change.<\/p>
Remaining Performance Rights and Incentives Held by Knox<\/h2>
Post-transaction, Knox holds 2,000,000 direct performance rights and 1,600,000 indirect performance shares through Knox Superfund Pty Ltd. These instruments remain subject to future vesting conditions before converting to ordinary shares.<\/p>
The company did not disclose the terms, vesting conditions, or expiry dates of these remaining rights in this update. Investors should consult previous disclosures, including annual reports and remuneration committee documents, for full details.<\/p>
Unlisted Options Expiring November 2026 and Upcoming Decisions<\/h2>
Knox holds 31,250 unlisted options directly and 156,250 indirectly, all exercisable at $0.12 per share and expiring 16 November 2026. With expiry less than five months away at the time of this update, these options represent a near-term decision point.<\/p>
Exercising all 187,500 options would require $22,500 and add an equivalent number of ordinary shares to Knox’s holdings. The update does not provide information on the company’s share price impact or Knox’s intentions regarding exercising these options.<\/p>
Significance of Director Equity Movements at Anson Resources<\/h2>
Changes in director securities holdings are closely observed by investors as indicators of insider confidence. Conversion of performance rights upon meeting vesting conditions is generally seen as a neutral to positive signal, reflecting achievement of company milestones rather than open-market trading.<\/p>
Anson Resources, a mineral resources company, attracts scrutiny from retail and institutional investors regarding director equity activity. This update was a statutory disclosure without accompanying operational commentary. Investors may monitor future updates for additional vesting events related to Knox’s remaining performance rights and shares.<\/p>
Gregory Knox’s Securities Holdings Before and After 3 July 2026<\/h2>
Before the 3 July 2026 update, Knox held direct securities comprising 13,424,859 ordinary shares, 31,250 unlisted options exercisable at $0.12 expiring 16 November 2026, and 2,000,000 performance rights. Indirectly, through Knox Superfund Pty Ltd, he held 5,217,228 ordinary shares, 2,800,000 performance shares, and 156,250 unlisted options exercisable at $0.12 expiring 16 November 2026.<\/p>
After the transaction, Knox’s direct holdings remained unchanged. The conversion of 400,000 Class Z performance rights into ordinary shares increased his indirect ordinary shares to 5,617,228. Concurrently, 400,000 Class P and 400,000 Class Q performance rights were cancelled, reducing his indirect performance shares from 2,800,000 to 1,600,000. The indirect unlisted options holding of 156,250 remained unchanged.<\/p>
Details on Vesting Condition Satisfaction for Class Z Performance Rights<\/h2>
The company confirmed the change resulted from the "satisfaction of vesting condition for Class Z performance rights," meaning the milestone linked to this tranche was achieved, triggering automatic conversion into ordinary shares. No consideration was paid, consistent with standard performance rights arrangements where shares are issued upon vesting rather than purchased.<\/p>
Performance rights are commonly used as long-term incentives in Australian listed companies, tied to operational, financial, or share price targets. While the update confirms the Class Z condition was met, it does not disclose the specific milestone. Investors seeking details should refer to prior remuneration disclosures or original grant documents.<\/p>
Cancellation of Class P and Class Q Performance Rights<\/h2>
Alongside the Class Z conversion, 400,000 Class P and 400,000 Class Q performance rights were cancelled without conversion to shares, with nil consideration recorded. Reasons for cancellation may include unmet vesting conditions, expiry, or mutual agreement, though the company did not specify the cause.<\/p>
This simultaneous vesting and cancellation suggests a consolidation of Knox’s performance incentives, resulting in fewer outstanding performance rights and a higher ordinary shareholding.<\/p>
Knox Superfund Pty Ltd as Indirect Holder<\/h2>
The securities involved are held indirectly by Knox via Knox Superfund Pty Ltd, a self-managed superannuation fund (SMSF). Holding securities through an SMSF is a common tax-efficient strategy among Australian directors and executives.<\/p>
Under the Corporations Act and ASX listing rules, securities held through an SMSF linked to a director are considered notifiable interests and must be disclosed like direct holdings. The company confirmed all relevant interests were disclosed and that the transaction did not occur during a restricted trading period.<\/p>
Total Ordinary Shares Held by Knox Post-Transaction<\/h2>
Combining direct and indirect holdings, Knox now holds 19,042,087 ordinary shares (13,424,859 direct plus 5,617,228 indirect), up 400,000 shares from 18,642,087 before the transaction due to the Class Z conversion.<\/p>
Knox also retains 2,000,000 direct performance rights and 187,500 unlisted options (31,250 direct and 156,250 indirect), all exercisable at $0.12 per share and expiring 16 November 2026. His indirect performance shares stand at 1,600,000 following the cancellations. This reflects a diversified and substantial equity interest.<\/p>
Compliance with ASX and Corporations Act Disclosure Requirements<\/h2>
The update was lodged under ASX Listing Rule 3.19A.2 and section 205G of the Corporations Act 2001, which mandate directors notify the company of changes in their securities interests. Knox’s previous notice was filed on 23 December 2025, making this the first update in about six months.<\/p>
The disclosure confirms no trading occurred during a closed period requiring clearance and no contracts were entered or modified related to this change. Anson Resources fulfilled continuous disclosure obligations by promptly lodging the Appendix 3Y form following the 3 July 2026 change.<\/p>
Remaining Performance Rights and Incentives Held by Knox<\/h2>
Post-transaction, Knox holds 2,000,000 direct performance rights and 1,600,000 indirect performance shares through Knox Superfund Pty Ltd. These instruments remain subject to future vesting conditions before converting to ordinary shares.<\/p>
The company did not disclose the terms, vesting conditions, or expiry dates of these remaining rights in this update. Investors should consult previous disclosures, including annual reports and remuneration committee documents, for full details.<\/p>
Unlisted Options Expiring November 2026 and Upcoming Decisions<\/h2>
Knox holds 31,250 unlisted options directly and 156,250 indirectly, all exercisable at $0.12 per share and expiring 16 November 2026. With expiry less than five months away at the time of this update, these options represent a near-term decision point.<\/p>
Exercising all 187,500 options would require $22,500 and add an equivalent number of ordinary shares to Knox’s holdings. The update does not provide information on the company’s share price impact or Knox’s intentions regarding exercising these options.<\/p>
Significance of Director Equity Movements at Anson Resources<\/h2>
Changes in director securities holdings are closely observed by investors as indicators of insider confidence. Conversion of performance rights upon meeting vesting conditions is generally seen as a neutral to positive signal, reflecting achievement of company milestones rather than open-market trading.<\/p>
Anson Resources, a mineral resources company, attracts scrutiny from retail and institutional investors regarding director equity activity. This update was a statutory disclosure without accompanying operational commentary. Investors may monitor future updates for additional vesting events related to Knox’s remaining performance rights and shares.<\/p>
