Contango Silver director exercises 10,325 options
Contango Silver & Gold Inc. director Darren Paul Devine exercised stock options to acquire 10,325 shares of Common Stock at $12.46 per share.
Rhea-AI Filing Summary
Contango Silver & Gold Inc. director Darren Paul Devine exercised stock options to acquire 10,325 shares of Common Stock at $12.46 per share. These options were originally issued to Dolly Varden Silver Corporation and are fully vested. After the exercise, he directly holds 49,471 Common shares.
Devine also retains fully vested stock options over additional Common shares, including grants with exercise prices of $13.86, $14.74 and $7,682.00 per share and expirations between February 2027 and February 2030, providing ongoing equity exposure tied to the company’s future performance.
Positive
- None.
Negative
- None.
Insider Trade Summary
10,325 shares exercised/converted
Exercise
5 txns
Insider
Devine Darren Paul
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 10,325 | $12.46 | $129K |
| Exercise | Common Stock, par value $0.01 | 10,325 | $12.46 | $129K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
| holding | Stock Option (right to buy) | -- | -- | -- |
Holdings After Transaction:
Stock Option (right to buy) — 26,969 contracts (Direct);
Common Stock, par value $0.01 — 49,471 shares (Direct)
Footnotes (1)
- F1. These stock options were issued to Dolly Varden Silver Corporation ("Dolly Varden") and assumed by the issuer as replacement stock options in connection with the issuer's acquisition of Dolly Varden. The stock options are fully vested.
Key Figures
Options exercised: 10,325 shares at $12.46
Common shares held: 49,471 shares
Remaining option grant 1: 10,325 underlying shares at $13.86
+2 more
5 metrics
Options exercised
10,325 shares at $12.46
Stock option exercise on 2026-04-08
Common shares held
49,471 shares
Direct Common Stock after transactions
Remaining option grant 1
10,325 underlying shares at $13.86
Stock Option, expires 2027-02-25
Remaining option grant 2
8,962 underlying shares at $14.74
Stock Option, expires 2029-03-28
Remaining option grant 3
7,682 underlying shares at $7,682.00
Stock Option, expires 2030-02-28
Key Terms
Stock Option (right to buy), derivative security, underlying security title, fully vested
4 terms
Stock Option (right to buy) financial
"security_title: Stock Option (right to buy)"
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
underlying security title financial
"underlying_security_title: Common Stock"
fully vested financial
"The stock options are fully vested."
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What did Contango Silver & Gold (CTGO) director Darren Devine report in this Form 4?
Darren Devine reported exercising stock options to acquire 10,325 Contango Silver & Gold Common shares at $12.46 per share. This derivative exercise converted options into stock and increased his direct equity stake, without any reported open-market buying or selling in this filing.
What stock options tied to Contango Silver & Gold (CTGO) does Darren Devine still hold?
Darren Devine retains fully vested stock options over Common Stock with exercise prices of $13.86, $14.74 and $7,682.00 per share, expiring between February 2027 and February 2030. These remaining options provide additional potential future share acquisitions if exercised.
Were the Contango Silver & Gold (CTGO) options exercised by Darren Devine fully vested?
Yes. The filing notes the stock options were fully vested, originally issued to Dolly Varden Silver Corporation and later assumed by Contango Silver & Gold. Fully vested options can be exercised immediately, meaning Devine was able to convert them into 10,325 Common shares at $12.46 per share.
AI-generated analysis. How Rhea-AI works. Not financial advice.
