Golden Minerals Strengthens CEO Retention with Million-Dollar Stock Package

Rhea-AI Filing Summary

Golden Minerals President and CEO Pablo Castanos received a significant equity grant on June 24, 2025, according to a Form 4 filing. The executive was awarded 750,000 restricted stock units (RSUs) under the company's Amended and Restated 2023 Equity Incentive Plan.

Following this transaction, Castanos's total beneficial ownership includes 1,190,000 RSUs, comprising the new grant and 440,000 previously awarded units. The RSUs were granted at $0 exercise price and represent a direct ownership form.

Key details:

• Transaction Type: RSU Grant (Acquisition)
• Filing Date: June 28, 2025
• Reporting Person Role: Director, President and CEO
• Ownership Type: Direct

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

CASTANOS PABLO

(Last) (First) (Middle)

1312 17TH STREET, UNIT 2136

(Street)

DENVER CO 80202

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Golden Minerals Co [ AUMN ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President and CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/24/2025		A		750,000	A	$0	1,190,000(1)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. The reported transaction involves the reporting person's receipt of a grant of 750,000 restricted stock units under Golden Minerals Company's Amended and Restated 2023 Equity Incentive Plan. The reporting person has reported prior awards of restricted stock units in Table II of Form 4. The total reported in Column 5 includes the 750,000 newly awarded restricted stock units and 440,000 restricted stock units previously reported in Table II.

	/s/ Pablo Castanos	06/26/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

How many restricted stock units (RSUs) did AUMN's CEO Pablo Castanos receive on June 24, 2025?

Pablo Castanos received a grant of 750,000 restricted stock units on June 24, 2025, under Golden Minerals Company's Amended and Restated 2023 Equity Incentive Plan.

What is Pablo Castanos' total RSU holdings in AUMN after the June 2025 grant?

After the new grant, Pablo Castanos holds a total of 1,190,000 restricted stock units, which includes the 750,000 newly awarded RSUs and 440,000 previously reported RSUs.

What positions does Pablo Castanos hold at AUMN?

Pablo Castanos serves as both President and CEO of Golden Minerals Company (AUMN) and is also a Director on the company's board.

What was the purchase price of the RSUs granted to AUMN's CEO in June 2025?

The restricted stock units were granted at $0 cost to Pablo Castanos as part of the company's Amended and Restated 2023 Equity Incentive Plan.