Contango ORE CFO sells shares to cover tax

Contango ORE, Inc.’s CFO & Secretary Michael Aaron Clark reported an open-market sale of 10,075 shares of common stock at a weighted average price of $17.92 per share.

Rhea-AI Filing Summary

Contango ORE, Inc.’s CFO & Secretary Michael Aaron Clark reported an open-market sale of 10,075 shares of common stock at a weighted average price of $17.92 per share. According to the filing, these shares were sold to cover tax obligations related to restricted stock that vested on March 19, 2026. After the transaction, Clark directly holds 39,798 shares.

Insights

Insider transactions analyst

Sale linked to tax on vesting, routine in nature.

The CFO of Contango ORE, Inc. sold 10,075 common shares at a weighted average price of $17.92. The filing states the sale was tied to restricted stock that vested on March 19, 2026 and was used to cover related tax obligations.

This makes the transaction more mechanical than discretionary, similar in effect to issuer tax withholding even though it is coded as an open-market sale. Clark’s remaining direct holdings of 39,798 shares show he retains a substantial position, suggesting the transaction is routine compensation-related activity rather than a large portfolio change.

Insider Trade Summary

Net Seller: 10,075 shares

Net Sell 1 txn

Insider Clark Michael Aaron

Role CFO & Secretary

Sold 10,075 shs ($181K)

Type	Security	Shares	Price	Value
Sale	Common Stock, par value $0.01	10,075	$17.92	$181K

Holdings After Transaction: Common Stock, par value $0.01 — 39,798 shares (Direct)

Footnotes (1)

1. F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.63 to $18.16, inclusive. The reporting person sold these shares as they related to restricted stock that vested on March 19, 2026, which covered tax owing related to the vesting of this restricted stock. The reporting person undertakes to provide to Contango ORE, Inc., any security holder of Contango ORE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

FAQ

What insider transaction did Contango ORE (CTGO) disclose in this Form 4?

Contango ORE (CTGO) disclosed that CFO & Secretary Michael Aaron Clark sold 10,075 shares of common stock. The sale was an open-market transaction at a weighted average price of $17.92 per share, tied to recently vested restricted stock.

Why did the Contango ORE (CTGO) CFO sell 10,075 shares of stock?

The filing states the CFO sold 10,075 shares to cover tax obligations arising from restricted stock that vested on March 19, 2026. This links the sale directly to compensation-related tax liabilities, rather than a purely discretionary portfolio decision.

At what prices were the Contango ORE (CTGO) shares sold by the CFO?

The reported weighted average sale price was $17.92 per share. Footnotes explain the 10,075 shares were sold in multiple transactions, with individual sale prices ranging from $17.63 to $18.16 per share, inclusive, during the same trading session.

How many Contango ORE (CTGO) shares does the CFO hold after this Form 4 transaction?

After selling 10,075 shares, the CFO directly holds 39,798 shares of Contango ORE common stock. This post-transaction holding shows he maintains a meaningful equity stake even after selling shares to address tax obligations from vested restricted stock.

Is the Contango ORE (CTGO) CFO’s share sale considered open-market?

Yes. The transaction is coded as an open-market sale, with a weighted average price of $17.92 per share. However, the footnote clarifies the shares were sold specifically to cover taxes related to restricted stock that vested on March 19, 2026.

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Accepted by SEC EDGAR 03/20/2026 - 04:46 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^*

Clark Michael Aaron

(Last) (First) (Middle)

516 2ND AVENUE, SUITE 401

(Street)

FAIRBANKS ALASKA 99701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Contango ORE, Inc. [ CTGO ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO & Secretary

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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 Stock, par value $0.01	03/19/2026(1)		S		10,075(1)	D	$17.92(1)	39,798	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 price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.63 to $18.16, inclusive. The reporting person sold these shares as they related to restricted stock that vested on March 19, 2026, which covered tax owing related to the vesting of this restricted stock. The reporting person undertakes to provide to Contango ORE, Inc., any security holder of Contango ORE, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.

	/s/ Michael Clark	03/20/2026
	** 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)