[Form 4] McEwen Inc. Insider Trading Activity

Rhea-AI Filing Summary

McEwen Inc. officer Carmen L. Diges, the company’s General Counsel and Corporate Secretary, reported the vesting and cash settlement of several restricted stock unit (RSU) awards on December 20, 2025.

RSUs granted on June 29, 2025 vested as to 3,370 units, and RSUs granted on November 10, 2025 vested as to 1,470 units, with all vested amounts settled for cash rather than shares. Additional RSUs granted on August 11, 2025 and September 8, 2025 had their second vesting events accelerated to December 20, 2025, resulting in 1,300 and 533 units vesting, respectively, also settled for cash.

The remaining RSUs from these grants are scheduled to vest on future dates in 2026, reflecting ongoing equity-based compensation for this executive.

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

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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^*

Diges Carmen L

(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)
	General Counsel/Corp Sec

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			3,370	(2)	(2)	Common Stock	3,370	$0	3,370	D
Restricted Stock Units	(1)	12/20/2025		M			1,470	(3)	(3)	Common Stock	1,470	$0	2,940	D
Restricted Stock Units	(1)	12/20/2025		M			1,300	(4)	(4)	Common Stock	1,300	$0	1,300	D
Restricted Stock Units	(1)	12/20/2025		M			533	(5)	(5)	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 June 29, 2025 and vested as to 3,370 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 29, 2026.

3. The restricted stock units were granted on November 10, 2025 and vested as to 1,470 shares on December 20, 2025, all of which were settled for cash. The restricted stock units will vest as to the remaining shares in two equal installments on each of June 29, 2026 and December 20, 2026.

4. 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 1,300 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.

5. 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 533 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/ Carmen L. Diges	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.
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FAQ

What insider transaction did McEwen Inc. (MUX) report in this filing?

The filing reports that officer Carmen L. Diges, General Counsel and Corporate Secretary of McEwen Inc., had multiple restricted stock unit (RSU) awards vest on December 20, 2025, with the vested portions settled in cash.

How many McEwen Inc. (MUX) RSUs vested on December 20, 2025 and from which grants?

On December 20, 2025, 3,370 RSUs from a grant dated June 29, 2025, 1,470 RSUs from a grant dated November 10, 2025, 1,300 RSUs from a grant dated August 11, 2025, and 533 RSUs from a grant dated September 8, 2025 vested.

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

For each grant described, the RSUs that vested on December 20, 2025 were all settled for cash rather than delivered as shares of McEwen Inc.’s common stock.

What is the role of the reporting person in McEwen Inc. (MUX)?

The reporting person, Carmen L. Diges, is an officer of McEwen Inc., serving as General Counsel/Corporate Secretary, as indicated in the relationship section of the form.

Do any McEwen Inc. (MUX) RSUs held by the officer continue to vest after December 20, 2025?

Yes. For each grant, the form states that the remaining RSUs will vest on specified future dates in 2026, including June 29, 2026, December 20, 2026, and June 28, 2026, depending on the original grant.

Were any McEwen Inc. (MUX) RSU vesting schedules changed in this report?

Yes. For RSUs granted on August 11, 2025 and September 8, 2025, the second vesting event was accelerated from December 28, 2025 to December 20, 2025, with those vested units settled for cash.