McEwen Inc. (MUX) VP Finance gains 248 shares through RSU vesting

(Neutral)

Form Type

4/A

Rhea-AI Filing Summary

McEwen Inc. VP of Finance Jeffrey Chan reported a routine equity compensation event involving restricted stock units and common shares. On December 20, 2025, he acquired 248 shares of common stock through the exercise of a derivative award, bringing his direct common stock holdings to 3,939 shares.

On the same date, 533 restricted stock units vested, each representing the right to one share of common stock or its cash value. According to the award terms, 285 of these units settled in cash, and the remaining units are scheduled to vest on June 28, 2026, under the oversight of the company’s Compensation, Nominating & Corporate Governance Committee.

Insider Trade Summary

Net Buyer: 248 shares

Net Buy 2 txns

Insider Chan Jeffrey

Role VP - Finance

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	533	$0.00	$0.00
Exercise	Common Stock	248	$0.00	$0.00

Holdings After Transaction: Restricted Stock Units — 533 shares (Direct); Common Stock — 3,939 shares (Direct)

Footnotes (2)

F1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, or the cash value thereof as set forth in the award agreement, in the discretion of the Issuer's Compensation, Nominating & Corporate Governance Committee.
F2. The restricted stock units were granted on September 8, 2025 and vested as to 533 shares on December 20, 2025, of which 285 shares settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.

Key Figures

Common shares acquired: 248 shares Common shares held after: 3,939 shares Restricted stock units vested: 533 units +4 more

7 metrics

Common shares acquired 248 shares Common Stock acquired via derivative exercise on December 20, 2025

Common shares held after 3,939 shares Direct McEwen Inc. common stock holdings after transaction

Restricted stock units vested 533 units RSUs vested on December 20, 2025

RSUs settled in cash 285 units Portion of vested RSUs settled for cash on December 20, 2025

RSU grant date September 8, 2025 Grant date for reported restricted stock units

Future vesting date June 28, 2026 Scheduled vesting date for remaining restricted stock units

Exercise price per share $0.00 per share Price shown for derivative exercise of related awards

Key Terms

Restricted Stock Units, derivative security, vested, settled for cash, +1 more

5 terms

Restricted Stock Units financial

"The restricted stock units were granted on September 8, 2025 and vested as to 533 shares"

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"transaction_code_description": "Exercise or conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

vested financial

"and vested as to 533 shares on December 20, 2025, of which 285 shares settled for cash"

settled for cash financial

"vested as to 533 shares on December 20, 2025, of which 285 shares settled for cash"

Compensation, Nominating & Corporate Governance Committee financial

"in the discretion of the Issuer's Compensation, Nominating & Corporate Governance Committee"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 09:06 PM Accepted by SEC EDGAR 06/30/2026 - 09:06 PM

FAQ

What insider transaction did McEwen Inc. (MUX) report for Jeffrey Chan?

McEwen Inc. reported that VP of Finance Jeffrey Chan acquired 248 common shares through exercising an equity award. The filing also shows vesting of 533 restricted stock units, a routine compensation-related event rather than an open-market stock purchase or sale.

How many McEwen Inc. (MUX) shares does Jeffrey Chan hold after this Form 4/A?

After the reported transactions, Jeffrey Chan directly holds 3,939 shares of McEwen Inc. common stock. This position reflects his equity compensation to date and provides context that the 248 newly acquired shares represent a relatively small incremental increase.

What happened to the 533 restricted stock units reported for McEwen Inc. (MUX)?

A total of 533 restricted stock units vested for Jeffrey Chan on December 20, 2025. Each unit represents a right to one share or cash; 285 units settled in cash, while the remaining units continue to vest according to the award schedule and related committee discretion.

Were the McEwen Inc. (MUX) insider transactions open-market trades?

No, the transactions were not open-market trades. The Form 4/A shows derivative exercise and vesting of restricted stock units, which are compensation-related events. There were no reported open-market purchases or sales of McEwen Inc. shares by Jeffrey Chan in this filing.

When were Jeffrey Chan’s McEwen Inc. (MUX) restricted stock units granted and when do they vest?

Jeffrey Chan’s restricted stock units were granted on September 8, 2025. They vested as to 533 units on December 20, 2025, with 285 settling in cash. According to the footnotes, the remaining units are scheduled to vest on June 28, 2026, subject to award terms.

What does each McEwen Inc. (MUX) restricted stock unit represent for Jeffrey Chan?

Each restricted stock unit represents a contingent right to receive one share of McEwen Inc. common stock or its cash value. Settlement form is determined under the award agreement by the company’s Compensation, Nominating & Corporate Governance Committee, aligning compensation with equity or cash outcomes.

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^*

Chan Jeffrey

(Last)

(First)

(Middle)

C/O MCEWEN INC.

150 KING STREET WEST, SUITE 2800

(Street)

TORONTO

M5H 1J9

(City)

(State)

(Zip)

ONTARIO, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
McEwen Inc. [ MUX ]

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

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	VP - Finance

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
12/20/2025

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

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

4. If Amendment, Date of Original Filed (Month/Day/Year)
12/23/2025

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	12/20/2025		M		248	A	⁽¹⁾	3,939	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Units	⁽¹⁾	12/20/2025		M			533	⁽²⁾	⁽²⁾	Common Stock	533	$0	533	D

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, or the cash value thereof as set forth in the award agreement, in the discretion of the Issuer's Compensation, Nominating & Corporate Governance Committee.

2. The restricted stock units were granted on September 8, 2025 and vested as to 533 shares on December 20, 2025, of which 285 shares settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.

Remarks:

This Amendment is filed solely to correct an administrative error in the original Form 4 filed on December 23, 2025, which inadvertently reported the incorrect number of restricted stock units settled for cash and, as a result, overstated the number of shares granted to the reporting person. This amendment corrects the number of restricted stock units settled for cash and the number of shares granted to the reporting person.

	/s/ Jeffrey Chan	06/30/2026
	** 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.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR