Hycroft SVP updates insider share holdings
Hycroft Mining Holding Corp executive Rebecca Jennings filed an amended Form 3 to correct her reported beneficial ownership.
Rhea-AI Filing Summary
Hycroft Mining Holding Corp executive Rebecca Jennings filed an amended Form 3 to correct her reported beneficial ownership. The original Form 3 understated her holdings, which also affected later Form 4 filings.
The amendment shows indirect ownership of 1,194 shares of Class A common stock held by her spouse and direct ownership of 70,000 shares. The direct position includes restricted stock units (RSUs) granted by the company, of which 56,667 RSUs were unvested as of May 23, 2024. Each RSU represents a contingent right to receive one share of Class A common stock upon vesting, with conversion timing adjusted if trading is restricted by law or company policy.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Jennings Rebecca
Role
SVP & General Counsel
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Class A Common Stock | -- | -- | -- |
| holding | Class A Common Stock | -- | -- | -- |
Holdings After Transaction:
Class A Common Stock — 70,000 shares (Direct);
Class A Common Stock — 1,194 shares (Indirect, By Spouse)
Footnotes (2)
- F1. The original Form 3 filed on May 28, 2024, inadvertently understated the number of shares beneficially owned by the reporting person. As a result, the subsequent Form 4s filed by the reporting person also reflected this understatement.
- F2. Represents restricted stock units ("RSUs") awarded to the reporting person by the issuer. 56,667 of these RSUs were unvested as of May 23, 2024. Each RSU represents a contingent right to receive one share of the issuer's Class A common stock (the "Common Stock"). On the respective vesting date, vested RSUs will convert into shares of Common Stock; provided, however, that if, on that conversion date, the reporting person is prohibited from trading in the issuer's securities pursuant to applicable securities laws or the Company's policies, the conversion date shall be, in the determination of the Compensation Committee of the issuer's Board of Directors, the 2nd trading day after the date the reporting person is no longer prohibited from such trading.
Key Figures
Indirect holdings: 1,194 shares
Direct holdings: 70,000 shares
Unvested RSUs: 56,667 RSUs
+1 more
4 metrics
Indirect holdings
1,194 shares
Class A Common Stock held by spouse
Direct holdings
70,000 shares
Class A Common Stock held directly
Unvested RSUs
56,667 RSUs
Unvested as of May 23, 2024
Holding entries
2 entries
Non-transactional holdings reported in Form 3/A
Key Terms
beneficially owned, restricted stock units ("RSUs"), contingent right, vesting date
4 terms
beneficially owned financial
"inadvertently understated the number of shares beneficially owned by the reporting person"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
restricted stock units ("RSUs") financial
"Represents restricted stock units ("RSUs") awarded to the reporting person by the issuer"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
contingent right financial
"Each RSU represents a contingent right to receive one share of the issuer's Class A common stock"
vesting date financial
"On the respective vesting date, vested RSUs will convert into shares of Common Stock"
FAQ
What did Hycroft Mining (HYMC) SVP Rebecca Jennings report in this amended Form 3?
Rebecca Jennings corrected her initial ownership report, showing 70,000 directly held Class A common shares and 1,194 shares held indirectly through her spouse. The amendment fixes an understatement that also flowed into subsequent Form 4 filings.
What restricted stock units (RSUs) are disclosed for Hycroft Mining (HYMC) SVP Rebecca Jennings?
The filing states that Jennings holds RSUs granted by Hycroft, with 56,667 RSUs unvested as of May 23, 2024. Each RSU represents a contingent right to receive one share of Class A common stock when vesting and trading conditions are satisfied.
Why was Rebecca Jennings’ original Hycroft Mining (HYMC) Form 3 amended?
The original Form 3 understated her beneficially owned shares. Because of this error, later Form 4 filings also reflected understated ownership. The amendment updates the share counts to accurately show her direct and indirect holdings and related RSUs.
How are Rebecca Jennings’ indirect Hycroft Mining (HYMC) holdings structured?
The amended Form 3 indicates 1,194 Class A common shares are owned indirectly, held by her spouse. These shares are still treated as beneficially owned by Jennings for reporting purposes, even though they are not held in her own name.
AI-generated analysis. How Rhea-AI works. Not financial advice.
