Coeur Mining CEO Executes 10b5-1 Sales Totaling 250K Shares
Rhea-AI Filing Summary
Mitchell J. Krebs, Chairman, President and CEO of Coeur Mining, Inc. (CDE), reported two insider stock sales under a Rule 10b5-1 plan. On 09/05/2025 he sold 125,000 shares at a weighted average price of $14.56, and on 09/08/2025 he sold 125,000 shares at a weighted average price of $14.65, for a total of 250,000 shares sold under the plan. After the 09/05 sale the filing shows 2,322,309 shares beneficially owned; after the 09/08 sale it shows 2,197,309 shares beneficially owned. The filing states the sales were effected pursuant to a 10b5-1 selling plan adopted on June 6, 2025, and that 514,233 restricted shares remain unvested.
Positive
- Sales were executed under a disclosed Rule 10b5-1 plan, providing an affirmative defense and indicating prearranged transactions.
- Filing provides weighted-average prices ($14.56 and $14.65) and undertakes to supply trade-level details on request, enhancing transparency.
- Post-transaction beneficial ownership figures are disclosed (2,322,309 then 2,197,309 shares), enabling clear ownership tracking.
Negative
- Total insider dispositions of 250,000 shares were reported, reducing the reporting person's beneficial ownership.
- Significant portion of holdings are unvested (514,233 restricted shares), which affects the immediately realizable stake.
Insights
TL;DR: Sales executed under a disclosed 10b5-1 plan indicate a prearranged, non-discretionary insider liquidity event.
The filing documents two separate dispositions totaling 250,000 shares by the CEO under a 10b5-1 plan adopted June 6, 2025. Using a pre-established plan provides the reporting person an affirmative defense to insider trading allegations so long as plan conditions were met. The disclosure of weighted average prices ($14.56 and $14.65) and the undertaking to provide trade-level details on request enhance transparency. The report also quantifies remaining beneficial ownership (2,197,309 shares) and notes 514,233 unvested restricted shares, which is relevant to governance and alignment analysis.
TL;DR: Insider sold 250,000 shares under a Rule 10b5-1 plan; the transactions appear routine and are fully disclosed.
The transactions on 09/05/2025 and 09/08/2025 show weighted average sale prices and were executed in multiple trades as noted. Post-transaction beneficial ownership is clearly stated (2,322,309 then 2,197,309 shares). The filing does not disclose any additional material events such as option exercises or derivative transactions. From a market standpoint, the filing provides the necessary details for investors to quantify insider selling but does not, by itself, indicate a change in corporate strategy or financial condition.