Contango Silver & Gold (CTGO) exec sells shares to cover taxes
Rhea-AI Filing Summary
Contango Silver & Gold Inc. (CTGO) reported that officer David Gregory Larimer, VP Exploration, sold 96 shares of common stock on August 19, 2026 at a weighted average price of $20.94 per share. According to the disclosure, the shares were sold in multiple trades between $20.92 and $21.01 to cover taxes owed on recently vested restricted stock. After these transactions, Larimer directly holds 17,997 shares of CTGO common stock.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Seller: 96 shares
Net Sell
1 txn
Insider
Larimer David Gregory
Role
VP Exploration
Sold
96 shs ($2K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock, par value $0.01 F1 | 96 | $20.94 | $2K |
Holdings After Transaction:
Common Stock, par value $0.01 — 17,997 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 $20.92 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: 96 shares
Weighted average sale price: $20.94 per share
Sale price range: $20.92–$21.01 per share
+3 more
6 metrics
Shares sold
96 shares
Common stock sold by David Gregory Larimer on August 19, 2026
Weighted average sale price
$20.94 per share
Average price for the 96 CTGO shares sold
Sale price range
$20.92–$21.01 per share
Range of individual transaction prices for the sold shares
Holdings after transaction
17,997 shares
Direct CTGO common stock owned by Larimer following the sale
Transaction date
August 19, 2026
Date of the reported open-market sale
Related vesting date
August 18, 2026
Vesting date of restricted stock that gave rise to the tax-related sale
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
"they related to restricted stock that vested on August 18, 2026"
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 David Gregory Larimer on August 19, 2026?
CTGO reported that VP Exploration David Gregory Larimer sold 96 shares of common stock on August 19, 2026. The sale was executed at a weighted average price of $20.94 per share in multiple trades between $20.92 and $21.01.
Was the CTGO insider sale by David Gregory Larimer made under a Rule 10b5-1 trading plan?
The filing does not indicate use of a Rule 10b5-1 trading plan. The 10b5-1 checkbox is shown as not selected, and the footnote instead explains that the sale related to taxes on vested restricted stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.