Gold.com (AMRK) CEO exercises options and sells 40,000 shares at $41.58
Rhea-AI Filing Summary
Gold.com, Inc.’s Chief Executive Officer Gregory N. Roberts reported an option exercise and share sale. He exercised stock options to acquire 40,000 shares of common stock at $1.63 per share, then sold 40,000 shares of common stock in open-market transactions at a weighted average price of $41.5809 per share.
Following these transactions, Roberts holds 28,202 common shares directly and has additional indirect holdings, including 32,340 shares held by the Roberts Family Trust and 1,867,416 shares beneficially owned by Silver Bow Ventures, LLC, in which he has a 50% indirect ownership interest.
Positive
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Negative
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Insights
CEO executes exercise-and-sell, retains sizable indirect stake.
Gregory N. Roberts exercised options to buy 40,000 shares at $1.63 and sold 40,000 shares around $41.5809. This is a classic exercise-and-sell pattern where the derivative position is partly converted into cash.
Direct holdings fall to 28,202 shares, but indirect positions remain large: 32,340 shares via the Roberts Family Trust and 1,867,416 shares beneficially owned by Silver Bow Ventures, LLC, where he has a 50% indirect interest. The sale size appears modest relative to his total economic exposure.
The sale used a weighted average price with individual trades between $41.30 and $42.15, according to the footnote. No Rule 10b5-1 trading plan is mentioned in the excerpt, so timing context is not specified here.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock option (right to buy) | 40,000 | $1.63 | $65K |
| Exercise | Common stock, par value $0.01 per share | 40,000 | $1.63 | $65K |
| Sale | Common stock, par value $0.01 per share | 40,000 | $41.5809 | $1.66M |
| holding | Common Stock, par value $0.01 per share | -- | -- | -- |
| holding | Common stock, par value $0.01 per share | -- | -- | -- |
Footnotes (1)
- The price reported is a weighted average sales price. The shares were sold in multiple transactions at prices ranging from not less than $41.30 to not more than $42.15. The reporting person undertakes to provide to Gold.com, Inc. ("Gold.com"), any security holder of Gold.com, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote to this Form. Shares beneficially owned by Silver Bow Ventures, LLC, in which the Reporting Person has an indirect ownership interest of 50%. The Reporting Person disclaims beneficial ownership of such shares in excess of his proportionate pecuniary interest in Silver Bow Ventures, LLC. The stock option granted covered 425,460 shares and vested 33.33% of the underlying shares on June 30 of each 2021, 2022, and 2023.