McEwen (MUX) COO exercises 21,886 RSUs and now holds 171,086 shares

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

McEwen Inc. Chief Operating Officer William M. Shaver reported the vesting of restricted stock units that were settled in common shares. On June 28–29, 2026, he exercised derivative awards to acquire a total of 21,886 shares of common stock at a stated price of $0.00 per share.

The vested amounts came from several prior RSU grants, including 2,100 and 866 shares that vested on June 28, 2026, and 11,740 and 5,700 shares that vested on June 29, 2026. Following these transactions, he directly owns 171,086 shares of McEwen common stock and retains additional RSUs scheduled to vest in December 2026 and June 2027.

Insider Trade Summary

21,886 shares exercised/converted

Mixed 10 txns

Insider Shaver William M

Role Chief Operating Officer

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	11,740	$0.00	--
Exercise	Restricted Stock Units	5,700	$0.00	--
Exercise	Restricted Stock Units	1,480	$0.00	--
Exercise	Common Stock	11,740	$0.00	--
Exercise	Common Stock	5,700	$0.00	--
Exercise	Common Stock	1,480	$0.00	--
Exercise	Restricted Stock Units	2,100	$0.00	--
Exercise	Restricted Stock Units	866	$0.00	--
Exercise	Common Stock	2,100	$0.00	--
Exercise	Common Stock	866	$0.00	--

Holdings After Transaction: Restricted Stock Units — 0 shares (Direct, null); Common Stock — 163,906 shares (Direct, null)

Footnotes (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 and vested as to 2,100 shares on June 28, 2026. The restricted stock units were granted on September 8, 2025 and vested as to 866 shares on June 28, 2026. The restricted stock units were granted on June 29, 2025 and vested as to 11,740 shares on June 29, 2026. The restricted stock units were granted on November 10, 2025 and vested as to 5,700 shares on June 29, 2026. The restricted stock units will vest as to the remaining shares on December 20, 2026. The restricted stock units were granted on March 19, 2026 and vested as to 1,480 shares on June 29, 2026. The restricted stock units will vest as to the remaining shares in two equal installments on each of December 20, 2026 and June 29, 2027.

Key Figures

Shares acquired via derivative exercises: 21,886 shares Direct common stock holdings after transactions: 171,086 shares RSUs vested June 28, 2026 (grant Aug 11, 2025): 2,100 units +5 more

8 metrics

Shares acquired via derivative exercises 21,886 shares Exercise of derivative securities on June 28–29, 2026

Direct common stock holdings after transactions 171,086 shares Total direct ownership following June 29, 2026 exercises

RSUs vested June 28, 2026 (grant Aug 11, 2025) 2,100 units Portion of RSU grant that vested on June 28, 2026

RSUs vested June 28, 2026 (grant Sep 8, 2025) 866 units Portion of RSU grant that vested on June 28, 2026

RSUs vested June 29, 2026 (grant Jun 29, 2025) 11,740 units RSUs that vested on June 29, 2026

RSUs vested June 29, 2026 (grant Nov 10, 2025) 5,700 units RSUs that vested on June 29, 2026

Additional RSUs vested June 29, 2026 (grant Mar 19, 2026) 1,480 units RSUs that vested on June 29, 2026

Exercise price of RSUs $0.00 per share Stated conversion price for RSU settlements

Key Terms

Restricted Stock Units, contingent right, derivative security, vested, +1 more

5 terms

Restricted Stock Units financial

"The restricted stock units were granted on August 11, 2025 and vested as to 2,100 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.

contingent right financial

"Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock"

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

"The restricted stock units were granted on June 29, 2025 and vested as to 11,740 shares on June 29, 2026."

cash value financial

"receive one share of the Issuer's common stock, or the cash value thereof as set forth in the award agreement"

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/30/2026 - 09:12 PM Accepted by SEC EDGAR 06/30/2026 - 09:11 PM

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^*

Shaver William M

(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)

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/28/2026

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)
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	06/28/2026		M		2,100	A	⁽¹⁾	151,300	D
Common Stock	06/28/2026		M		866	A	⁽¹⁾	152,166	D
Common Stock	06/29/2026		M		11,740	A	⁽¹⁾	163,906	D
Common Stock	06/29/2026		M		5,700	A	⁽¹⁾	169,606	D
Common Stock	06/29/2026		M		1,480	A	⁽¹⁾	171,086	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⁾	06/28/2026		M			2,100	⁽²⁾	⁽²⁾	Common Stock	2,100	$0	0	D
Restricted Stock Units	⁽¹⁾	06/28/2026		M			866	⁽³⁾	⁽³⁾	Common Stock	866	$0	0	D
Restricted Stock Units	⁽¹⁾	06/29/2026		M			11,740	⁽⁴⁾	⁽⁴⁾	Common Stock	11,740	$0	0	D
Restricted Stock Units	⁽¹⁾	06/29/2026		M			5,700	⁽⁵⁾	⁽⁵⁾	Common Stock	5,700	$0	5,700	D
Restricted Stock Units	⁽¹⁾	06/29/2026		M			1,480	⁽⁶⁾	⁽⁶⁾	Common Stock	1,480	$0	2,960	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 and vested as to 2,100 shares on June 28, 2026.

3. The restricted stock units were granted on September 8, 2025 and vested as to 866 shares on June 28, 2026.

4. The restricted stock units were granted on June 29, 2025 and vested as to 11,740 shares on June 29, 2026.

5. The restricted stock units were granted on November 10, 2025 and vested as to 5,700 shares on June 29, 2026. The restricted stock units will vest as to the remaining shares on December 20, 2026.

6. The restricted stock units were granted on March 19, 2026 and vested as to 1,480 shares on June 29, 2026. The restricted stock units will vest as to the remaining shares in two equal installments on each of December 20, 2026 and June 29, 2027.

	/s/ William M. Shaver	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

FAQ

What insider transactions did McEwen Inc. (MUX) report for William M. Shaver?

McEwen Inc. reported that COO William M. Shaver exercised derivative awards, converting restricted stock units into 21,886 shares of common stock on June 28–29, 2026. These transactions reflect equity compensation vesting rather than open-market purchases or sales.

How many McEwen Inc. (MUX) shares does William M. Shaver own after the Form 4 transactions?

After these transactions, William M. Shaver directly owns 171,086 shares of McEwen common stock. This total reflects the settlement of multiple restricted stock unit grants that vested and were converted into shares on June 28–29, 2026.

Were any McEwen Inc. (MUX) shares sold by William M. Shaver in this Form 4 filing?

No, the Form 4 shows only acquisitions through derivative exercises, with no reported sales. All transactions use code M for exercise or conversion of derivative securities, indicating settlement of equity awards rather than open-market selling activity.

What restricted stock unit grants vested for McEwen Inc. (MUX) COO William M. Shaver?

Several RSU grants vested: 2,100 and 866 units vested on June 28, 2026, and 11,740 and 5,700 units vested on June 29, 2026. Each restricted stock unit represents a contingent right to receive one share of McEwen common stock or its cash value.

Does William M. Shaver still hold unvested restricted stock units of McEwen Inc. (MUX)?

Yes. Footnotes indicate certain RSU grants will continue vesting, with remaining shares scheduled to vest on December 20, 2026 and in two equal installments on December 20, 2026 and June 29, 2027. These units represent future potential share deliveries or cash value.

What does the transaction code M mean in the McEwen Inc. (MUX) Form 4 for William M. Shaver?

Code M indicates an exercise or conversion of a derivative security, such as restricted stock units. In this filing, the code M entries show RSUs converting into McEwen common shares at a stated price of $0.00 per share as the awards vested.