MUX Form 4: RSU vesting and new 4,410-unit grant disclosed

Rhea-AI Filing Summary

McEwen Inc. (MUX) reported insider activity by its General Counsel/Corporate Secretary, Carmen L. Diges, on a Form 4. On November 10, 2025, restricted stock units (RSUs) vested and converted into common stock, and a new RSU grant was recorded.

Two prior RSU awards vested: 1,300 RSUs vested, with 628 shares settled for cash; and 534 RSUs vested, with 258 shares settled for cash. These correspond to 672 and 276 shares, respectively, acquired via code M. The amended vesting schedules state the remaining shares from these awards vest in two equal installments on December 28, 2025 and June 28, 2026.

A new award of 4,410 RSUs was reported, vesting in three equal installments on December 20, 2025, June 29, 2026, and December 20, 2026. Following the transactions, direct beneficial ownership stood at 27,044 common shares. Indirect holdings were listed as 5,000 shares through Diges Professional Corporation and 7,500 shares through Pleasant Memories Enterprises Inc.

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)
11/10/2025

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
Common Stock	11/10/2025		M		672	A	(1)	26,768	D
Common Stock	11/10/2025		M		276	A	(1)	27,044	D
Common Stock								5,000	I	by Diges Professional Corporation
Common Stock								7,500	I	by Pleasant Memories Enterprises Inc.

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)	11/10/2025		M			1,300	(2)	(2)	Common Stock	1,300	$0	2,600	D
Restricted Stock Units	(1)	11/10/2025		M			534	(3)	(3)	Common Stock	534	$0	1,066	D
Restricted Stock Units	(1)	11/10/2025		A		4,410		(4)	(4)	Common Stock	4,410	$0	4,410	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. Subsequent to the grant on August 11, 2025, the vesting schedule of the restricted stock units was amended to be identical to the vesting schedule of the 1,600 restricted stock units granted on September 8, 2025. Accordingly, the restricted stock units vested as to 1,300 shares on November 10, 2025, of which 628 shares settled for cash. The restricted stock units will vest as to the remaining shares in two equal installments on each of December 28, 2025 and June 28, 2026.

3. The restricted stock units were granted on September 8, 2025 and vested as to 534 shares on November 10, 2025, of which 258 shares settled for cash. The restricted stock units will vest as to the remaining shares in two equal installments on each of December 28, 2025 and June 28, 2026.

4. The restricted stock units will vest in three equal installments on each of December 20, 2025, June 29, 2026 and December 20, 2026.

	/s/ Carmen L. Diges	11/12/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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FAQ

What did McEwen (MUX) disclose in this Form 4?

An officer reported RSU vesting and a new RSU grant, with resulting changes to directly and indirectly held common shares.

How many RSUs vested for the MUX officer on November 10, 2025?

1,300 RSUs vested (with 628 shares settled for cash) and 534 RSUs vested (with 258 shares settled for cash).

How many McEwen (MUX) shares were acquired from the RSU vesting?

The filing shows acquisitions via code M of 672 shares and 276 shares of common stock.

What new RSU grant was reported for MUX?

A grant of 4,410 RSUs, vesting in three equal installments on Dec 20, 2025, Jun 29, 2026, and Dec 20, 2026.

What is the officer’s McEwen (MUX) share ownership after the transactions?

Direct beneficial ownership is 27,044 common shares.

What indirect McEwen (MUX) holdings were disclosed?

Indirect holdings include 5,000 shares via Diges Professional Corporation and 7,500 shares via Pleasant Memories Enterprises Inc.

What is the officer’s role at McEwen (MUX)?

The reporting person is an Officer, serving as General Counsel/Corporate Secretary.