STOCK TITAN

Caledonia Mining (CMCL) director and 10% owner adds 11,750 shares

Filing Impact
(Moderate)
Filing Sentiment
(Positive)
Form Type
4

Rhea-AI Filing Summary

Caledonia Mining Corp Plc director and 10% owner Victor Gapare reported an open-market purchase of 11,750 common shares at $18.70 per share. The shares are held indirectly through Toziyana Resources Limited, which is ultimately owned by a trust settled by him. Following this transaction, his indirect holdings reported in this filing total 2,455,122 common shares.

Positive

  • None.

Negative

  • None.
Insider Gapare Victor
Role null
Bought 11,750 shs ($220K)
Type Security Shares Price Value
Purchase Common shares 11,750 $18.70 $220K
Holdings After Transaction: Common shares — 2,455,122 shares (Indirect, Held by Toziyana Resources Limited, ultimately owned by a trust settled by the reporting person)
Footnotes (1)
Shares purchased 11,750 shares Open-market purchase on 2026-06-11
Purchase price $18.70 per share Transaction price for common shares
Shares held after transaction 2,455,122 shares Indirect holdings following transaction
Net buy shares 11,750 shares Net buy in transaction summary
Buy transactions 1 transaction BuyCount in transaction summary
open-market purchase financial
"transaction_action: "open-market purchase""
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"ownership_type: "indirect" and ownership_code: "I""
Common shares financial
"security_title: "Common shares""
Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.
10% owner regulatory
"is_ten_percent_owner: 1"
transaction code P regulatory
"transaction_code: "P""
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
SEC Form 4
FORM 4UNITED 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
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
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*
Gapare Victor

(Last)(First)(Middle)
C/O CALEDONIA MINING CORP PLC
2 MULCASTER STREET

(Street)
ST. HELIERJE2 3NJ

(City)(State)(Zip)

JERSEY

(Country)
2. Issuer Name and Ticker or Trading Symbol
Caledonia Mining Corp Plc [ CMCL ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirectorX10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/11/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

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)
CodeVAmount(A) or (D)Price
Common shares06/11/2026P11,750A$18.72,455,122IHeld by Toziyana Resources Limited, ultimately owned by a trust settled by the reporting person
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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
/s/ Victor Gapare By Susan Yu, Attorney-in-fact06/15/2026
** Signature of Reporting PersonDate
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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Caledonia Mining (CMCL) disclose for Victor Gapare?

Caledonia Mining reported that director and 10% owner Victor Gapare made an open-market purchase of 11,750 common shares. The transaction was executed at a price of $18.70 per share, indicating additional indirect investment exposure to the company’s equity.

At what price did Victor Gapare buy Caledonia Mining (CMCL) shares?

Victor Gapare purchased Caledonia Mining common shares at $18.70 per share.

This was an open-market transaction involving 11,750 shares, as reported in the Form 4 filing, and it increased his indirectly held position in the company.

How many Caledonia Mining (CMCL) shares does Victor Gapare hold after this transaction?

After the reported purchase, Victor Gapare is shown as indirectly holding 2,455,122 common shares of Caledonia Mining.

These holdings are reported in connection with an entity ultimately owned by a trust settled by him, according to the Form 4.

Is Victor Gapare’s Caledonia Mining (CMCL) shareholding direct or indirect?

The reported holdings for Victor Gapare are classified as indirect.

The Form 4 states that the common shares are held by Toziyana Resources Limited, which is ultimately owned by a trust settled by him, rather than in a direct personal brokerage account.

What type of transaction did Victor Gapare execute in Caledonia Mining (CMCL) stock?

Victor Gapare executed an open-market purchase of Caledonia Mining common shares.

The Form 4 identifies the transaction code as P, described as a purchase in an open market or private transaction, covering 11,750 shares at $18.70 each.

How many Caledonia Mining (CMCL) shares did Victor Gapare buy in this Form 4?

In this filing, Victor Gapare bought 11,750 common shares of Caledonia Mining.

The transaction summary also shows a net buy of 11,750 shares, with no sales or derivative exercises reported for the same date.