[Form 4/A] Hecla Mining Company Amended Insider Trading Activity

Rhea-AI Filing Summary

Enterprise Bancorp Inc. (EBTC) – Form 4 insider filing

Director Michael T. Putziger reported the automatic disposition of 208,701.8155 directly-held shares and 600.4119 shares held through a trust on 07/01/2025. The disposition was not an open-market sale; it reflects the closing of the merger between Enterprise Bancorp and Independent Bank Corp. Under the Agreement and Plan of Merger dated 12/08/2024, each EBTC share converted into $2.00 in cash plus 0.60 shares of Independent Bank Corp. (INDB) common stock, with cash paid for fractional shares. All previously unvested restricted stock vested at the effective time and was included in the conversion.

As a result, the reporting person now shows zero beneficial ownership of EBTC common stock. No derivative positions were listed. The filing is largely administrative, confirming consummation of the merger and the related share conversion rather than indicating discretionary trading activity.

Positive

• Confirms merger consummation: shareholders receive $2.00 cash plus 0.60 INDB shares per EBTC share, providing immediate liquidity and upside via INDB equity.

Negative

• EBTC equity effectively terminated: insider ownership now zero, signalling the end of Enterprise Bancorp’s standalone listing.

Insights

Financial Analyst

TL;DR: Insider shares converted in merger; no market sale—neutral for valuation.

This Form 4 documents the mechanical conversion of Mr. Putziger’s 209 k EBTC shares into the agreed merger consideration of $2 cash plus 0.60 INDB shares per EBTC share. Because the transaction was mandated by the December 2024 merger agreement, it does not signal a change in insider sentiment or fundamentals. The filing confirms that the merger has closed and that unvested restricted stock vested automatically. From a valuation standpoint, the economics were known when the merger was announced; therefore, today’s disclosure is administrative and neutral for both EBTC (which will cease trading) and INDB investors.

Corporate Governance Expert

TL;DR: Filing shows clean execution of merger and Section 16 compliance.

The report demonstrates proper compliance with Section 16 reporting requirements at the merger’s effective time. All shares—including newly vested restricted stock—were converted uniformly, eliminating any residual insider holdings in EBTC. No preferential treatment or side arrangements are disclosed. Governance impact is minimal: it merely finalizes the transition to Independent Bank Corp.’s share registry. The disclosure is routine and should not influence investor perception beyond confirming the merger’s completion.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Sienko David C

(Last) (First) (Middle)

6500 N. MINERAL DRIVE, SUITE 200

(Street)

COEUR D'ALENE ID 83815

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HECLA MINING CO/DE/ [ HL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Sr. VP, GC & Secretary

3. Date of Earliest Transaction (Month/Day/Year)
06/23/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)
06/25/2025

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	06/23/2025		F		13,768(1)	D	$5.82	1,113,923(2)	D
Common Stock	06/23/2025		A		60,137(3)	A	$5.82	1,113,923(4)	D
Common Stock	06/23/2025		J		15,258(5)	A	$0	15,258	I	401(k) Plan

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Performance rights	$0	06/23/2025		A		60,137(6)		01/01/2028	01/01/2028	Common Stock	60,137	$0	1,113,923(7)	D

Explanation of Responses:

1. Mr. Sienko was awarded (i) 38,374 restricted stock units on June 21, 2022; 35,350 restricted stock units on June 21, 2023, 60,479 restricted stock units on June 21, 2024, and 5,092 restricted stock units on August 20, 2024. One-third of those restricted stock units vested on June 23, 2025. To cover his tax liability on those vested units, Hecla Mining Company withheld 13,768 shares.

2. Consists of 845,306 shares held directly, 149,589 performance-based units, and 119,028 unvested restricted stock units.

3. Award of restricted stock units that vest as follows: 20,046 shares on June 21, 2026; 20,046 shares on June 21, 2027; and 20,045 shares on June 21, 2028.

4. See footnote 2.

5. Held as 1,365.777 units in Mr. Sienko's 401(k) account under the Hecla Mining Company Capital Accumulation Plan and estimated to be 15,258 shares.

6. Mr. Sienko was awarded performance rights representing the contingent right to receive between $350,000 and $700,000 worth of Hecla Mining Company common stock based on Hecla Mining Company's Total Shareholder Return performance over the 3-year period (January 1, 2025 to December 31, 2027) relative to our peers. Examples of the potential grant of shares to Mr. Sienko under this plan are as follows: 100th percentile rank among peers = maximum award at 200% of target ($700,000 in stock); 50th percentile rank among peers = target award at grant value ($350,000 in stock), and 0 percentile rank among peers = threshold award below 25% target.

7. See footnote 2.

	Tami D. Whitman, Attorney-in-Fact for David C. Sienko	07/01/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What transaction did Michael T. Putziger report for EBTC on 07/01/2025?

He reported the automatic disposition of all EBTC shares due to the closing of the merger with Independent Bank Corp.

How many EBTC shares were converted in the Form 4 filing?

208,701.8155 shares held directly and 600.4119 shares held in a trust were converted.

What consideration did each EBTC share receive under the merger agreement?

Each share received $2.00 in cash plus 0.60 shares of Independent Bank Corp. (INDB) common stock.

Does the insider retain any EBTC shares after the transaction?

No. The filing shows zero beneficial ownership of EBTC shares after conversion.

Were any derivative securities involved in this filing?

No derivative positions were reported; only common stock was converted.