Patrick L. Norris Amends Holdings in Norris Industries, Inc. Following Contribution of Preferred Stock

This Amendment No. 2 to Schedule 13D, filed on May 15, 2026, by Patrick L. Norris, reports a change in his holdings of Norris Industries, Inc. (NRIS). The primary purpose of this amendment is to reflect the removal of 1,000,000 shares of preferred stock previously owned by Mr. Norris. These preferred shares were contributed back to the capital of Norris Industries, Inc. for no consideration. Following this transaction, Mr. Norris remains the beneficial owner of 78,122,675 shares of Common Stock, representing 72.17% of the company's outstanding common shares. He maintains sole voting and dispositive power over these shares. The filing also notes that Mr. Norris disclaims beneficial ownership of certain common stock issued upon the conversion of a promissory note, except to the extent of his pecuniary interest in JBB. As the Chairman and CEO, Mr. Norris continues to hold a significant majority stake in the issuer, despite the surrender of the preferred equity interest described in this update.