McEwen director sells shares, exercises options

McEwen Inc. director Richard W. Brissenden reported an open-market sale and an option exercise involving the company’s common stock.

Rhea-AI Filing Summary

McEwen Inc. director Richard W. Brissenden reported an open-market sale and an option exercise involving the company’s common stock. On June 29, 2026, he sold 3,275 shares at a weighted average price of $18.1289 per share, in multiple trades between $18.07 and $18.19. He also exercised stock options to acquire 8,333 common shares at $7.10 per share, fully eliminating that option position. After these transactions, he directly holds 18,022 common shares.

Insights

Equity compensation analyst

Routine mix of option exercise and modest share sale.

Director Richard W. Brissenden exercised options for 8,333 common shares at $7.10 and sold 3,275 shares at a weighted average of $18.1289. The option grant had vested in three equal annual installments beginning June 29, 2024, indicating a scheduled compensation event.

The transactions create a net share sale of 3,275 shares, while leaving him with 18,022 common shares directly owned. With 100% of the option position exercised and no remaining derivatives reported, this appears to be a standard exercise-and-partial-sale pattern rather than a large position change.

Insider Trade Summary

Exercise and sale activity reported; no spread calculated

Exercise and Sale 3 txns

Insider Brissenden Richard W.

Role Director

Sold 3,275 shs ($59K)

Approx. gross sale proceeds $59K

Approx. exercise cost $59K

Type	Security	Shares	Price	Value
Exercise	Stock Option (right to buy)	8,333	$0.00	$0.00
Exercise	Common Stock	8,333	$7.10	$59K
Sale	Common Stock	3,275	$18.1289	$59K

Holdings After Transaction: Stock Option (right to buy) — 0 contracts (Direct); Common Stock — 18,022 shares (Direct)

Footnotes (2)

1. F1. The price reported in Column 4 is a weighted average price. The Reporting Person sold shares in multiple transactions at prices ranging from $18.07 to $18.19. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
2. F2. The option vested in three equal annual installments, beginning June 29, 2024.

Key Figures

Shares sold: 3,275 shares Weighted average sale price: $18.1289 per share Options exercised: 8,333 shares +3 more

6 metrics

Shares sold 3,275 shares Open-market sale of common stock on June 29, 2026

Weighted average sale price $18.1289 per share Common stock sale across multiple trades

Options exercised 8,333 shares Stock option exercise into common stock

Option exercise price $7.10 per share Stock Option (right to buy) exercise

Shares owned after 18,022 shares Common stock directly owned post-transactions

Net buy/sell shares -3,275 shares Net of reported buys and sells in this filing

Key Terms

open-market sale, Stock Option (right to buy), derivative exercise/conversion, weighted average price, +1 more

5 terms

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

Stock Option (right to buy) financial

"security_title": "Stock Option (right to buy)""

derivative exercise/conversion financial

"transaction_action": "derivative exercise/conversion""

weighted average price financial

"The price reported in Column 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

vested in three equal annual installments financial

"The option vested in three equal annual installments, beginning June 29, 2024."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transactions did McEwen Inc. (MUX) director Richard Brissenden report?

He reported an open-market sale of 3,275 McEwen Inc. common shares and an exercise of stock options for 8,333 common shares. Both transactions occurred on June 29, 2026, and involved directly held shares rather than indirect or entity-controlled holdings.

How many McEwen Inc. (MUX) shares did the director sell and at what price?

He sold 3,275 common shares at a weighted average price of $18.1289. The sales were executed in multiple trades with individual prices ranging from $18.07 to $18.19, as disclosed in the footnote detailing the weighted average pricing.

What stock options did the McEwen Inc. (MUX) director exercise in this Form 4?

He exercised stock options covering 8,333 underlying common shares at an exercise price of $7.10 per share. Following the exercise, the related option position shows zero remaining derivative shares, indicating that this particular grant was fully exercised on June 29, 2026.

How many McEwen Inc. (MUX) shares does the director own after these transactions?

After the reported transactions, he directly owns 18,022 McEwen Inc. common shares. This figure reflects the combined effect of exercising 8,333 shares and selling 3,275 shares, as shown in the post-transaction ownership column of the Form 4 data.

Were the McEwen Inc. (MUX) share sales done in a single trade or multiple trades?

The sales were executed in multiple trades at prices between $18.07 and $18.19 per share. The Form 4 reports a weighted average sale price of $18.1289 and notes that full trade-by-trade details are available upon request from the issuer or regulators.

What does the vesting footnote on the McEwen Inc. (MUX) options indicate?

The footnote states the option vested in three equal annual installments beginning June 29, 2024. This means the director’s right to exercise the 8,333-share option accumulated over three years, consistent with a typical long-term equity compensation schedule.

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

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Accepted by SEC EDGAR 07/01/2026 - 04:30 PM Learn about SEC filing dates

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^*

Brissenden Richard W.

(Last) (First) (Middle)

C/O MCEWEN INC.

150 KING STREET WEST, SUITE 2800

(Street)

TORONTO A6 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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/29/2026

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)

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	06/29/2026		M		8,333	A	$7.1	21,297	D
Common Stock	06/29/2026		S		3,275	D	$18.1289(1)	18,022	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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Option (right to buy)	$7.1	06/29/2026		M			8,333	(2)	06/28/2028	Common Stock	8,333	$0	0	D

Explanation of Responses:

1. The price reported in Column 4 is a weighted average price. The Reporting Person sold shares in multiple transactions at prices ranging from $18.07 to $18.19. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.

2. The option vested in three equal annual installments, beginning June 29, 2024.

	/s/ Richard W. Brissenden	07/01/2026
	** 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)