Hycroft Mining (HYMC) CFO corrects tax-related share withholding in Form 4/A
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
Hycroft Mining Holding Corp Executive Vice President & CFO Stanton K. Rideout filed an amended insider report to correct a prior tax-related share withholding entry. The filing shows 20,553 shares of Class A common stock were withheld at $50.50 per share to satisfy tax obligations.
These shares were delivered to the issuer as a tax-withholding disposition, not an open-market sale. After this correction, Rideout directly holds 481,223 shares of Class A common stock, indicating he retains a substantial equity position in the company.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
RIDEOUT STANTON K
Role
Executive Vice President & CFO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Tax Withholding | Class A Common Stock | 20,553 | $50.50 | $1.04M |
Holdings After Transaction:
Class A Common Stock — 481,223 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did Hycroft Mining (HYMC) report for its CFO?
Hycroft Mining reported a tax-withholding share disposition by its CFO. Stanton K. Rideout had 20,553 Class A common shares withheld to cover tax obligations, with the shares delivered to the issuer rather than sold on the open market.
What was corrected by the amended Form 4/A for Hycroft Mining (HYMC)?
The amendment corrects the amount of securities withheld for taxes. A footnote explains that the updated filing adjusts the number of Class A common shares previously reported as withheld to satisfy the CFO’s tax withholding obligations.
Is the Hycroft Mining (HYMC) CFO’s tax-withholding transaction a routine event?
Yes, tax-withholding dispositions are typically routine administrative events. They occur when an issuer withholds shares to cover tax liabilities linked to equity compensation, rather than reflecting an insider’s discretionary decision to buy or sell in the open market.