MUX Insider Filing: 1,600 RSUs Awarded to General Counsel

Rhea-AI Filing Summary

Carmen L. Diges, General Counsel and Corporate Secretary of McEwen Inc. (MUX), reported acquisition of 1,600 restricted stock units (RSUs) on 09/08/2025. Each RSU represents a contingent right to one share of common stock or cash as determined by the issuer. The RSUs were granted at a price of $0 and are scheduled to vest in three approximately equal installments on November 10, 2025, December 28, 2025, and June 28, 2026. Following the grant, the filing reports beneficial ownership of 1,600 shares on a direct basis.

Positive

• 1,600 RSU grant to the General Counsel indicates standard alignment of executive compensation with shareholder value
• Time-based vesting schedule over three dates provides clear retention incentives

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Routine executive equity grant to align compensation with shareholder interests, no immediate dilution disclosed.

This Form 4 documents a standard equity compensation award to the company’s General Counsel and Corporate Secretary. The award consists of 1,600 RSUs that convert to one share each (or cash) at the issuer’s discretion and vest in three scheduled installments. The filing shows direct beneficial ownership of 1,600 shares following the grant. There is no disclosure in this form of accelerated vesting, sales, or related-party transactions beyond the reporting person’s officer role.

Compensation Analyst

TL;DR: Small, time-based RSU grant consistent with standard executive compensation practices; impact on outstanding shares appears immaterial.

The reported 1,600 RSUs are time-vesting awards with a $0 grant price, indicating a compensation grant rather than a market purchase. Vesting dates span late 2025 to mid-2026, implying retention incentives. The form does not provide total outstanding share count or percentage ownership, so materiality relative to market capitalization cannot be assessed from this filing alone.

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

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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)
09/08/2025

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)	09/08/2025		A		1,600		(2)	(2)	Common Stock	1,600	$0	1,600	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 will vest in three approximately equal installments on each of November 10, 2025, December 28, 2025 and June 28, 2026.

	/s/ Carmen L. Diges	09/10/2025
	** 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.

FAQ

What did Carmen L. Diges report on the Form 4 for McEwen Inc. (MUX)?

The filing reports acquisition of 1,600 restricted stock units (RSUs) on 09/08/2025, with direct beneficial ownership of 1,600 shares following the grant.

When do the 1,600 RSUs granted to the General Counsel vest?

The RSUs vest in three approximately equal installments on November 10, 2025, December 28, 2025, and June 28, 2026.

What is the conversion or purchase price of the RSUs in the Form 4?

The RSUs were granted at a price of $0, representing a compensation award rather than a purchased security.

Does the Form 4 indicate indirect ownership or other related-party details?

The filing shows direct (D) ownership of the 1,600 shares and does not disclose indirect ownership or additional related-party transactions.

Can the material impact on McEwen Inc.'s share count be determined from this Form 4?

No. The Form 4 lists the grant size and vesting dates but does not provide total outstanding shares, so percentage dilution cannot be determined from this filing alone.