Golden Minerals (AUMN) CFO awarded 200,000 restricted stock units in equity grant

Rhea-AI Filing Summary

JIWANI ANIL SALIM reported acquisition or exercise transactions in this Form 4 filing.

Golden Minerals Company’s Chief Financial Officer, Anil Salim Jiwani, reported receiving a grant of 200,000 restricted stock units of common stock. The award was made at a price of $0.00 per share under the company’s Amended and Restated 2023 Equity Incentive Plan.

The RSUs will fully vest upon any Change in Control as defined in the plan. If no Change in Control occurs, half of the RSUs vest on the first anniversary of the grant date and the remaining half on the second anniversary. Shares represented by vested RSUs will be issued when he ceases to serve as Chief Financial Officer.

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

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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^*

JIWANI ANIL SALIM

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/26/2026

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	02/26/2026		A		200,000(1)	A	$0	200,000	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 200,000 restricted stock units ("RSUs") under Golden Minerals Company's Amended and Restated 2023 Equity Incentive Plan (the "Plan"). The RSUs will fully vest upon any Change in Control as defined in the Plan, or, if no Change in Control occurs, one half of the RSUs will vest on the one year anniversary of the grant date and the second half will vest on the second anniversary of the grant date. Shares of common stock represented by vested RSUs will be issued to the reporting person effective on the date on which the reporting person ceases to serve as Chief Financial Officer of Golden Minerals Company.

	Pablo Castanos for Anil S. Jiwani pursuant to Power of Attorney	03/02/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did Golden Minerals (AUMN) report for its CFO?

Golden Minerals’ Chief Financial Officer, Anil Salim Jiwani, reported receiving a grant of 200,000 restricted stock units of common stock. The award was made at a price of $0.00 per share under the company’s Amended and Restated 2023 Equity Incentive Plan.

How many restricted stock units were granted to the Golden Minerals (AUMN) CFO?

The Chief Financial Officer received a grant of 200,000 restricted stock units of Golden Minerals common stock. These RSUs are part of the company’s Amended and Restated 2023 Equity Incentive Plan and represent a form of equity-based compensation rather than an open-market share purchase.

What are the vesting conditions for the 200,000 RSUs granted by Golden Minerals (AUMN)?

The 200,000 RSUs fully vest upon any Change in Control as defined in the plan. If no Change in Control occurs, half vest on the one-year anniversary of the grant date and the remaining half vest on the second anniversary of the grant date.

When will the Golden Minerals (AUMN) CFO receive shares from the RSU grant?

Shares of common stock underlying the vested RSUs will be issued to the Chief Financial Officer on the date he ceases to serve as CFO. This means settlement of the RSUs is tied to his termination of service in that executive role.

Was cash paid for the RSUs in the Golden Minerals (AUMN) Form 4 filing?

No cash was paid for this award; the RSUs were granted at a price of $0.00 per share. This reflects an equity incentive grant rather than a cash-funded purchase of Golden Minerals common stock in the open market.

Under which plan were the 200,000 RSUs to the Golden Minerals (AUMN) CFO granted?

The RSU grant was made under Golden Minerals Company’s Amended and Restated 2023 Equity Incentive Plan. This plan governs the terms of the award, including vesting conditions tied to a Change in Control and time-based vesting over two years.