Director at McEwen (MUX) receives 479 fully vested deferred units

Rhea-AI Filing Summary

Florek John Casimir reported acquisition or exercise transactions in this Form 4 filing.

McEwen Inc. director John Casimir Florek received a grant of 479 deferred stock units as board compensation. These units were awarded at no cash cost and increase his directly held deferred stock units to a total of 1,790.

Each deferred stock unit represents the right to receive one share of McEwen common stock. The units are fully vested but will be delivered only when Florek’s continuous service on the board ends, although he may elect to defer delivery beyond that termination date.

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
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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^*

Florek John Casimir

(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
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/19/2026

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)
			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
Deferred Stock Units	(1)	03/19/2026		A		479		(2)	(2)	Common Stock	479	$0	1,790	D

Explanation of Responses:

1. Each deferred stock unit represents a right to receive one share of the Issuer's common stock.

2. The deferred stock units are fully vested and will be delivered to the reporting person on the date of the reporting person's termination of continuous service from the Issuer's Board of Directors (the "Board"), subject to the reporting person's right to elect to defer delivery of the deferred stock units beyond the date of the reporting person's termination of continuous service from the Board.

	/s/ John Casimir Florek	03/23/2026
	** 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)

FAQ

What insider transaction did McEwen (MUX) report for John Casimir Florek?

McEwen reported that director John Casimir Florek received 479 deferred stock units as a compensation grant. These fully vested units increase his deferred stock unit holdings to 1,790, all tied to McEwen common stock on a one-for-one basis.

How many McEwen (MUX) deferred stock units did the director receive?

The director received 479 deferred stock units in this transaction. This award brings his total directly held deferred stock units to 1,790, all linked to McEwen common shares, and reflects routine board-related equity compensation rather than an open-market purchase.

What does each deferred stock unit represent for McEwen (MUX)?

Each deferred stock unit represents a right to receive one share of McEwen’s common stock. Although the units are fully vested, actual share delivery occurs after the director’s board service ends, with the option to further defer that delivery date.

When will the McEwen (MUX) deferred stock units be delivered to the director?

The deferred stock units will be delivered when the director’s continuous service on McEwen’s board ends. He also has the right to elect to defer delivery beyond that termination date, even though the units are already fully vested as of the grant.

Was the McEwen (MUX) director’s Form 4 transaction a market buy or sell?

The transaction was a grant of 479 deferred stock units, not a market buy or sell. It reflects compensation awarded at no cash price, with the units settled in McEwen common shares at a future date tied to board service ending.