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McEwen Inc. (MUX) VP Corporate Development reports RSU vesting

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

McEwen Inc. officer reports accelerated RSU vesting and cash settlement. A company officer, listed as VP Corporate Development, reported activity in restricted stock units tied to McEwen Inc. common stock. One RSU grant made on August 11, 2025 had its vesting schedule amended so the second vesting event moved from December 28, 2025 to December 20, 2025, causing 1,200 units to vest and be settled entirely in cash on that date, with remaining units scheduled to vest on June 28, 2026. A second RSU grant made on September 8, 2025 was amended in the same way, leading to 500 units vesting and being settled for cash on December 20, 2025, with the balance also scheduled to vest on June 28, 2026. Each RSU represents a contingent right to receive one share of common stock or its cash value, at the discretion of the board committee.

Positive

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Insider Spears Stephan Michael
Role VP Corporate Development
Type Security Shares Price Value
Exercise Restricted Stock Units 1,200 $0.00 --
Exercise Restricted Stock Units 500 $0.00 --
Holdings After Transaction: Restricted Stock Units — 1,200 shares (Direct)
Footnotes (1)
  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. The restricted stock units were granted on August 11, 2025. Subsequently, the vesting schedule of the restricted stock units was amended to accelerate the second vesting event from December 28, 2025 to December 20, 2025. Accordingly, the restricted stock units vested as to 1,200 shares on December 20, 2025, all of which were settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026. The restricted stock units were granted on September 8, 2025. Subsequently, the vesting schedule of the restricted stock units was amended to accelerate the second vesting event from December 28, 2025 to December 20, 2025. Accordingly, the restricted stock units vested as to 500 shares on December 20, 2025, all of which were settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.
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Form 4 Insider Transactions: What Each Field Means →
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*
Spears Stephan Michael
(Last) (First) (Middle)
C/O MCEWEN INC.
150 KING STREET WEST, SUITE 2800
(Street)
TORONTO A6 M5H 1J9
(City) (State) (Zip)
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 Corporate Development
3. Date of Earliest Transaction (Month/Day/Year)
12/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
 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
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
Restricted Stock Units (1) 12/20/2025 M 1,200 (2) (2) Common Stock 1,200 $0 1,200 D
Restricted Stock Units (1) 12/20/2025 M 500 (3) (3) Common Stock 500 $0 500 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 August 11, 2025. Subsequently, the vesting schedule of the restricted stock units was amended to accelerate the second vesting event from December 28, 2025 to December 20, 2025. Accordingly, the restricted stock units vested as to 1,200 shares on December 20, 2025, all of which were settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.
3. The restricted stock units were granted on September 8, 2025. Subsequently, the vesting schedule of the restricted stock units was amended to accelerate the second vesting event from December 28, 2025 to December 20, 2025. Accordingly, the restricted stock units vested as to 500 shares on December 20, 2025, all of which were settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.
/s/ Stephan Michael Spears 12/23/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

Who is the reporting person in this McEwen Inc. (MUX) Form 4 filing?

The reporting person is an officer of McEwen Inc., identified as the VP Corporate Development, who files individually as one reporting person.

What type of securities are involved in this McEwen Inc. (MUX) insider transaction?

The transactions involve restricted stock units (RSUs), each representing a contingent right to receive one share of McEwen Inc. common stock or its cash value, as determined by the company’s Compensation, Nominating & Corporate Governance Committee.

How many McEwen Inc. (MUX) RSUs vested and when did they vest?

On December 20, 2025, one RSU grant vested as to 1,200 units and another vested as to 500 units, for a total of 1,700 vested RSUs on that date.

Were the vested McEwen Inc. (MUX) RSUs settled in shares or cash?

The filing states that both the 1,200 vested RSUs from the August 11, 2025 grant and the 500 vested RSUs from the September 8, 2025 grant were settled for cash on December 20, 2025.

When were the McEwen Inc. (MUX) RSUs originally granted and how was the vesting schedule changed?

One RSU grant was made on August 11, 2025 and another on September 8, 2025. For both, the second vesting event was amended to move from December 28, 2025 to December 20, 2025, causing earlier vesting on that new date.

When will the remaining McEwen Inc. (MUX) RSUs vest after this Form 4 transaction?

For both RSU grants described, the filing states that the remaining restricted stock units will vest on June 28, 2026.