Contango Silver & Gold (CTGO) CFO sells stock to cover tax
Rhea-AI Filing Summary
Contango Silver & Gold Inc. (CTGO) reported that its CFO, Michael Aaron Clark, sold 1,289 shares of common stock on August 19, 2026. The sale was executed at a weighted average price of $20.94 per share, with individual trade prices ranging from $20.91 to $21.01. According to the disclosure, these shares were sold in connection with restricted stock that vested on August 18, 2026, specifically to cover tax owed on that vesting. Following this transaction, Clark directly held 54,709 shares of Contango Silver & Gold Inc. common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 1,289 shares
Net Sell
1 txn
Insider
Clark Michael Aaron
Role
CFO
Sold
1,289 shs ($27K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 F1 | 1,289 | $20.94 | $27K |
Holdings After Transaction:
Common Stock, par value $0.01 — 54,709 shares (Direct)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $20.91 to $21.01, inclusive. The reporting person sold these shares as they related to restricted stock that vested on August 18, 2026, which covered tax owing related to the vesting of this restricted stock. The reporting person undertakes to provide to Contango Silver & Gold Inc., any security holder of Contango Silver & Gold 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.
Key Figures
Shares sold: 1,289 shares
Weighted average sale price: $20.94 per share
Sale price range: $20.91 to $21.01 per share
+2 more
5 metrics
Shares sold
1,289 shares
Common stock sold by CFO on August 19, 2026
Weighted average sale price
$20.94 per share
Average price for 1,289 shares sold on August 19, 2026
Sale price range
$20.91 to $21.01 per share
Range of prices for multiple sale transactions
Shares held after transaction
54,709 shares
Direct holdings of CFO following the sale
Net shares sold
1,289 shares
Net change in buy/sell activity in this Form 4
Key Terms
weighted average price, restricted stock, vested, tax owing
4 terms
weighted average price financial
"The price reported in Column 4 is a weighted average price."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
restricted stock financial
"these shares were sold as they related to restricted stock that vested"
Shares granted to an individual that carry limits on transfer or sale until certain conditions are met, such as staying with the company for a set time or hitting performance targets. Think of them as a locked gift that gradually opens; for investors they matter because they affect how many shares may enter the market later, signal management incentives and potential dilution, and reveal confidence in future company performance.
vested financial
"restricted stock that vested on August 18, 2026"
tax owing financial
"which covered tax owing related to the vesting of this restricted stock"
FAQ
What insider transaction did CTGO report for CFO Michael Aaron Clark?
Contango Silver & Gold Inc. reported that CFO Michael Aaron Clark sold 1,289 shares of common stock on August 19, 2026. The transaction was tied to restricted stock vesting and was used to cover related tax obligations.
Was the reported CTGO insider sale executed in a single trade?
No. The filing states the 1,289 shares were sold in multiple transactions at prices ranging from $20.91 to $21.01. The $20.94 figure reflects a weighted average price across those trades.
AI-generated analysis. How Rhea-AI works. Not financial advice.