MINERALRITE CEO exercises Series C Preferred options
MINERALRITE Corp director, President and CEO James Burgauer exercised options to acquire 175 shares of Series C Preferred stock at $120.00 per share on June 8, 2026.
Rhea-AI Filing Summary
MINERALRITE Corp director, President and CEO James Burgauer exercised options to acquire 175 shares of Series C Preferred stock at $120.00 per share on June 8, 2026. This was reported as an exercise or conversion of a derivative security rather than an open-market purchase.
Following the transaction, Burgauer directly holds 6,815 shares of Series C Preferred and 185 options to purchase Series C Preferred, according to the filing. The activity reflects a compensation-related derivative exercise, with no reported open-market buying or selling.
Positive
- None.
Negative
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Insider Trade Summary
175 shares exercised/converted
Exercise
2 txns
Insider
Burgauer James
Role
President, CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Option to purchase Series C Preferred | 175 | $120.00 | $21K |
| Exercise | Series C Preferred | 175 | $120.00 | $21K |
Holdings After Transaction:
Option to purchase Series C Preferred — 185 contracts (Direct);
Series C Preferred — 6,815 shares (Direct)
Key Figures
Options exercised: 175 shares Series C Preferred
Exercise price: $120.00 per share
Preferred shares held: 6,815 shares
+3 more
6 metrics
Options exercised
175 shares Series C Preferred
Derivative exercise on June 8, 2026
Exercise price
$120.00 per share
Series C Preferred option exercise price
Preferred shares held
6,815 shares
Series C Preferred directly owned after transaction
Options remaining
185 options
Options to purchase Series C Preferred after exercise
Option expiration
August 30, 2027
Expiration date for the derivative options
Option exercise date
November 1, 2023
Exercise start date disclosed for the options
Key Terms
Series C Preferred, Option to purchase Series C Preferred, derivative security, Form 4
4 terms
Series C Preferred financial
"security_title: "Series C Preferred""
Option to purchase Series C Preferred financial
"security_title: "Option to purchase Series C Preferred""
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.
Form 4 regulatory
"INSIDER FILING DATA (Form 4):"
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did MINERALRITE Corp (RITE) report for James Burgauer?
MINERALRITE Corp reported that President and CEO James Burgauer exercised options to acquire 175 shares of Series C Preferred stock. The transaction was coded as a derivative security exercise (code M), not an open-market purchase or sale, and increased his direct preferred share holdings.
At what price were the MINERALRITE (RITE) Series C Preferred options exercised?
The options to acquire MINERALRITE Series C Preferred were exercised at $120.00 per share. This price matches the conversion or exercise price disclosed for the derivative security, indicating a straightforward option exercise rather than a negotiated market trade at a different price.
What happened to James Burgauer’s derivative options on MINERALRITE Series C Preferred?
Following the transaction, Burgauer holds 185 options to purchase MINERALRITE Series C Preferred. The Form 4 shows 175 derivative securities exercised at $120.00 each, with total derivative holdings after the exercise reported as 185, all classified as directly owned.
Does the MINERALRITE (RITE) Form 4 show any open-market buying or selling by James Burgauer?
The Form 4 does not show open-market buying or selling. Both transactions are coded M, indicating exercises or conversions of derivative securities. The filing specifically labels the actions as derivative exercises, separate from standard market purchases or sales of the company’s stock.
AI-generated analysis. How Rhea-AI works. Not financial advice.
