HL insider plans to sell 1,200,000 shares via Royal Bank; SERP contribution

Rhea-AI Filing Summary

Hecla Mining Company (HL) filed a Form 144 reporting a proposed sale of 1,200,000 shares of common stock through Royal Bank on 08/14/2025, with an aggregate market value of $9,168,000. The filing states there are 669,983,628 shares outstanding, so the proposed sale represents roughly 0.18% of outstanding shares. The shares were acquired on 10/12/2023 as a contribution to a Supplemental Excess Retirement Plan (SERP) from Hecla Mining Company. The filer reports no securities sold in the past three months and includes the standard representation that they are not aware of undisclosed material information.

Positive

• Clear disclosure of the broker, number of shares, aggregate market value and planned sale date
• Acquisition source disclosed—shares were contributed to a Supplemental Excess Retirement Plan (SERP) on 10/12/2023
• No securities sold in the past three months for the person whose account is to be sold

Negative

• Proposed insider sale of 1,200,000 shares which could increase available supply even if small in size
• Document excerpt lacks certain filer/submission details and a visible signature, limiting confirmation of filer identity within this text

Insights

Securities Analyst

TL;DR Form 144 discloses a small insider sale: 1.2M shares ($9.17M) from SERP, not likely material to HL's market capitalization.

The notice indicates an insider or account holder intends to sell 1,200,000 common shares via Royal Bank on the stated date. Given the stated outstanding share count, this parcel is a small fraction of the company (~0.18%), suggesting limited market impact. The filing also confirms those shares were contributed to a Supplemental Excess Retirement Plan on 10/12/2023 and that no shares were reported sold in the prior three months.

Corporate Governance Expert

TL;DR Routine Form 144 disclosure of planned sale from an SERP contribution; procedural compliance appears primary issue.

The filing provides the broker, the amount, acquisition source (SERP) and the customary attestation regarding material nonpublic information. There is no evidence in the provided content of recent sales by the same person and no additional governance flags disclosed. Some submission fields and signature details are not present in the excerpt provided, which limits verification of the filer identity in this text.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common Stock	Royal Bank (RBS) 1025 W. Georgia St. Vancouver A1 V6E 3N9	1200000	9168000.00	669983628	08/14/2025	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common Stock	10/12/2023	Contribution to Supplemental Excess Retirement Plan (SERP)	Hecla Mining Company			1200000	10/12/2023	Contribution of Shares to SERP

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Nothing to Report

144: Remarks and Signature

Remarks

Date of Notice

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does the Hecla Mining (HL) Form 144 disclose?

The Form 144 reports a proposed sale of 1,200,000 common shares via Royal Bank on 08/14/2025 with an aggregate market value of $9,168,000.

How were the shares being sold acquired?

The filing states the shares were acquired on 10/12/2023 as a contribution to a Supplemental Excess Retirement Plan (SERP) from Hecla Mining Company.

How large is the proposed sale relative to outstanding shares of HL?

The filing shows 669,983,628 shares outstanding; the proposed sale of 1,200,000 shares is roughly 0.18% of that total.

Has the filer sold HL securities in the past three months?

The Form 144 excerpt states Nothing to Report under securities sold during the past three months.

Does the filing include the filer’s signature and contact details in the provided excerpt?

In the provided content, filer contact fields and the signature block are shown as headings but do not include identifiable contact or signature details.