Contango Silver & Gold (CTGO) president exercises 20,650 stock options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Contango Silver & Gold Inc. President and Director Shawn Khunkhun exercised stock options to acquire common shares. He exercised 20,650 stock options on April 8, 2026 at an exercise price of $12.46 per share, receiving 20,650 shares of common stock.
Following the exercise, he directly holds 90,389 shares of common stock. He also retains several option grants with exercise prices from $13.86 to $18.55 per share that expire between 2027 and 2031, providing additional potential future share ownership.
Some of these options were originally issued to Dolly Varden Silver Corporation and assumed in Contango’s acquisition of that company, and 36,000 options granted on April 2, 2026 vest in two equal installments in 2027 and 2028.
Positive
- None.
Negative
- None.
Insider Trade Summary
20,650 shares exercised/converted
Mixed
6 txns
Insider
Khunkhun Shawn
Role
President and Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Option (right to buy) | 20,650 | $12.46 | $257K |
| Exercise | Common Stock, par value $0.01 | 20,650 | $12.46 | $257K |
| holding | Stock Option (right to buy) | -- | -- | -- |
| 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) — 0 shares (Direct);
Common Stock, par value $0.01 — 90,389 shares (Direct)
Footnotes (1)
- 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. On April 2, 2026, the reporting person was granted 36,000 stock options that vest over two years with half vesting on April 2, 2027 and the remaining half vesting on April 3, 2028.
Key Figures
Options exercised: 20,650 shares at $12.46
Shares held after exercise: 90,389 shares
Remaining option grant 1: 20,650 underlying shares at $13.86
+3 more
6 metrics
Options exercised
20,650 shares at $12.46
Stock options exercised on April 8, 2026
Shares held after exercise
90,389 shares
Direct common stock ownership after April 8, 2026
Remaining option grant 1
20,650 underlying shares at $13.86
Stock option expiring February 25, 2027
Remaining option grant 2
22,798 underlying shares at $14.74
Stock option expiring March 28, 2029
Remaining option grant 3
16,768 underlying shares at $17.54
Stock option expiring February 28, 2030
Remaining option grant 4
36,000 underlying shares at $18.55
Stock option expiring April 2, 2031; vests 2027–2028
Key Terms
Stock Option (right to buy), derivative security, underlying security, vest, +1 more
5 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 financial
"underlying_security_title: "Common Stock""
vest financial
"stock options that vest over two years with half vesting on April 2, 2027"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
expiration date financial
"expiration_date: "2031-04-02T00:00:00.000Z""
The expiration date is the deadline after which a financial contract, such as an option or a futures agreement, is no longer valid or can be exercised. It matters to investors because it determines the timeframe during which they can take action or benefit from the contract, similar to how a coupon or a food item has a limited period of usefulness. Once the expiration date passes, the contract loses its value or ability to be used.
