Coronado Global interim CEO sells 159K shares

Coronado Global Resources Inc. interim CEO Garold Spindler reported multiple stock sales linked to tax obligations.

Rhea-AI Filing Summary

Coronado Global Resources Inc. interim CEO Garold Spindler reported multiple stock sales linked to tax obligations. The Form 4 shows four open‑market sales of common stock totaling 159,502.7 shares at prices between $2.44 and $9.04 per share.

According to a footnote, the most recent transactions involved CHESS Depositary Interests (CDIs) traded on the Australian Securities Exchange, sold to satisfy tax liabilities triggered by the vesting of Performance Stock Units. The CDI prices were converted into U.S. dollars using a 1 share of common stock per 10 CDIs ratio.

Insider Trade Summary

Net Seller: 159,502.7 shares

Net Sell 4 txns

Insider Spindler Garold

Role Interim CEO

Sold 159,502.7 shs ($599K)

Type	Security	Shares	Price	Value
Sale	Common Stock	58,556.6	$2.44	$143K
Sale	Common Stock	19,143.4	$2.44	$47K
Sale	Common Stock	57,841.5	$3.33	$193K
Sale	Common Stock	23,961.2	$9.04	$217K

Holdings After Transaction: Common Stock — 113,167.2 shares (Direct)

Footnotes (1)

1. F1. Reflects CHESS Depositary Interests ("CDIs") that were sold in order to satisfy the tax liability that arose upon the vesting of certain Performance Stock Units. The sales were executed in the form of CDIs, trading on the Australian Securities Exchange, and as such the purchase price has been converted to a U.S. Dollar equivalent, adjusting for the conversion ratio of 1 share of common stock per 10 CDIs.

Key Figures

Total shares sold: 159,502.7 shares 2026 sale tranche 1: 19,143.4 shares at $2.44 2026 sale tranche 2: 58,556.6 shares at $2.44 +3 more

6 metrics

Total shares sold 159,502.7 shares Aggregate across four common stock sales

2026 sale tranche 1 19,143.4 shares at $2.44 Common Stock sale on March 12, 2026

2026 sale tranche 2 58,556.6 shares at $2.44 Common Stock sale on March 12, 2026

2025 sale 57,841.5 shares at $3.33 Common Stock sale on March 6, 2025

2024 sale 23,961.2 shares at $9.04 Common Stock sale on March 8, 2024

CDI conversion ratio 1 share per 10 CDIs Ratio used to convert CDI trades to common stock

Key Terms

CHESS Depositary Interests, Performance Stock Units, Australian Securities Exchange, conversion ratio

4 terms

CHESS Depositary Interests financial

"Reflects CHESS Depositary Interests ("CDIs") that were sold in order to satisfy the tax liability"

CHESS depositary interests are tradable certificates used on the Australian settlement system that represent ownership of underlying foreign shares held by a custodian. They let investors buy and sell foreign-listed stocks on the local exchange as if they were domestic shares, simplifying trading, dividend collection and record-keeping, though they may involve custodian fees and can alter certain direct shareholder rights and tax treatments.

Performance Stock Units financial

"tax liability that arose upon the vesting of certain Performance Stock Units"

Performance stock units are a type of company award that grants employees shares of stock only if certain performance goals are met. They motivate employees to work toward specific company achievements, aligning their interests with those of shareholders. For investors, they can influence a company's future stock supply and reflect management’s confidence in reaching key targets.

Australian Securities Exchange financial

"CDIs, trading on the Australian Securities Exchange, and as such the purchase price has been converted"

Australian Securities Exchange is Australia’s main marketplace where stocks, bonds, ETFs and other tradable financial instruments are bought and sold. Think of it as a large, regulated marketplace that shows current prices, matches buyers and sellers, and enforces rules to keep trading fair and orderly—information and liquidity from the exchange directly affect how easy it is to trade an investment and how its market price is determined.

conversion ratio financial

"converted to a U.S. Dollar equivalent, adjusting for the conversion ratio of 1 share of common stock per 10 CDIs"

The conversion ratio is the number of common shares an investor receives when a convertible security (like a bond or preferred share) or an exchangeable instrument is turned into ordinary stock. It matters because it tells investors how much ownership or dilution will occur — similar to knowing how many slices you get when you trade in a coupon — and directly affects the value you get from the convertible and the company’s future share count.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Coronado Global Resources (CODQL) interim CEO Garold Spindler report in this Form 4?

Garold Spindler reported four sales of Coronado Global common stock totaling 159,502.7 shares. The transactions were open‑market sales at prices between $2.44 and $9.04 per share, primarily linked to satisfying tax liabilities on vested Performance Stock Units.

How many Coronado Global (CODQL) shares did the insider sell and at what prices?

The insider sold 159,502.7 shares of Coronado Global common stock across four transactions. Sale prices were $2.44, $3.33, and $9.04 per share, reflecting different transaction dates, including March 2026, March 2025, and March 2024 activity.

Why were some Coronado Global (CODQL) insider sales conducted using CHESS Depositary Interests (CDIs)?

Recent sales were executed as CHESS Depositary Interests on the Australian Securities Exchange. A footnote explains they were used to satisfy tax liabilities upon Performance Stock Unit vesting, with CDI trade prices converted to U.S. dollars using a 1 share per 10 CDIs ratio.

Were the Coronado Global (CODQL) insider stock sales related to taxes or discretionary selling?

The filing states that certain sales were made to satisfy tax liabilities from vesting Performance Stock Units. These were executed as CDIs on the Australian Securities Exchange, suggesting tax‑driven transactions rather than purely discretionary portfolio rebalancing.

What does the Form 4 reveal about net insider activity in Coronado Global (CODQL) shares?

The transaction summary shows four sale transactions and no purchases, yielding a net sale of 159,502.7 shares. All reported transactions involve non‑derivative common stock, with no related option exercises or derivative positions disclosed in this filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/26/2026 - 06:32 PM Learn about SEC filing dates

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

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^*

Spindler Garold

(Last) (First) (Middle)

C/O CORONADO GLOBAL RESOURCES INC.

100 BILL BAKER WAY

(Street)

BECKLEY WEST VIRGINIA 25801

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Coronado Global Resources Inc. [ ASX:CRN ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/08/2024

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 Stock	03/08/2024		S(1)		23,961.2	D	$9.04(1)	248,708.8	D
Common Stock	03/06/2025		S(1)		57,841.5	D	$3.33(1)	190,867.3	D
Common Stock	03/12/2026		S(1)		58,556.6	D	$2.44(1)	132,310.7	D
Common Stock	03/12/2026		S(1)		19,143.4	D	$2.44(1)	113,167.2	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. Reflects CHESS Depositary Interests ("CDIs") that were sold in order to satisfy the tax liability that arose upon the vesting of certain Performance Stock Units. The sales were executed in the form of CDIs, trading on the Australian Securities Exchange, and as such the purchase price has been converted to a U.S. Dollar equivalent, adjusting for the conversion ratio of 1 share of common stock per 10 CDIs.

	/s/ Susan Casey, as Attorney-in-Fact	05/26/2026
	** 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)