Caledonia Mining (NYSE: CMCL) grants 2,070 shares to Chief Legal Officer

Rhea-AI Filing Summary

Chester Adam David Mark reported acquisition or exercise transactions in this Form 4 filing.

Caledonia Mining Corp Plc reported that Chief Legal Officer Adam David Mark Chester received a grant of 2,070 common shares on April 1, 2026 at a price of $22.59 per share. Following this grant, his direct holdings total 29,266 common shares, reflecting a compensation-related share award rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Chester Adam David Mark

Role Chief Legal Officer

Type	Security	Shares	Price	Value
Grant/Award	Common shares	2,070	$22.59	$47K

Holdings After Transaction: Common shares — 29,266 shares (Direct)

Footnotes (1)

Key Figures

Share grant size: 2,070 common shares Grant price per share: $22.59 per share Holdings after transaction: 29,266 common shares

3 metrics

Share grant size 2,070 common shares Grant, award, or other acquisition on April 1, 2026

Grant price per share $22.59 per share Reported transaction price for the 2,070-share grant

Holdings after transaction 29,266 common shares Total direct holdings following the April 1, 2026 grant

Key Terms

Grant, award, or other acquisition, Common shares, Form 4

3 terms

Grant, award, or other acquisition financial

"transaction_code_description: "Grant, award, or other acquisition""

Common shares financial

"security_title: "Common shares" for the reported transaction"

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.

Form 4 regulatory

"Insider transaction reported on SEC Form 4 for CMCL"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

Form 4 Insider Transactions: What Each Field Means →

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

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

X

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^*

Chester Adam David Mark

(Last) (First) (Middle)

C/O CALEDONIA MINING CORP PLC

2 MULCASTER STREET

(Street)

ST. HELIER JE2 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
01/04/2026

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

X	Form 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)
			Code	V	Amount	(A) or (D)	Price
Common shares	04/01/2026		A		2,070	A	$22.59	29,266	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:

	/s/ Adam Chester By Susan Yu, Attorney-in-fact	03/03/2026
	** 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).
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 CMCL report for its Chief Legal Officer?

Caledonia Mining Corp Plc reported a grant of 2,070 common shares to Chief Legal Officer Adam David Mark Chester at $22.59 per share. This was classified as a “grant, award, or other acquisition,” increasing his directly held position to 29,266 common shares.

Was the CMCL insider transaction a share purchase or a grant?

The CMCL transaction was a share grant, not an open-market purchase. It is coded as an acquisition with the description “Grant, award, or other acquisition,” indicating compensation-related stock rather than shares bought on the market by the insider.

How many Caledonia Mining (CMCL) shares does the insider hold after the grant?

After receiving 2,070 common shares, the insider’s direct holdings increased to 29,266 shares. This total reflects the position reported immediately following the grant and provides context for the scale of the award relative to his overall stake.

What price per share was used for the CMCL insider share grant?

The 2,070 CMCL common shares granted to the Chief Legal Officer were valued at $22.59 per share in the filing. This price is used for reporting purposes and helps indicate the notional value of the compensation-related stock award.

Does the CMCL Form 4 show any share sales by the insider?

The Form 4 data reflects only an acquisition of 2,070 common shares and no dispositions. The transaction is categorized as a grant or award, and the transaction summary shows acquire activity but no recorded sales or disposals in this filing.