Silver Bow Mining (SBMT) VP awarded 36,000 stock options at $11.50 strike

Rhea-AI Filing Summary

Silver Bow Mining Corp. vice president receives stock option grant. VP of Regulatory and External Affairs Douglas Avery was granted stock options for 36,000 common shares at an exercise price of $11.50 per share. The options vest in three equal annual installments starting on the first anniversary of the grant date and expire on May 19, 2031. Following this award, Avery holds 36,000 stock options directly.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Stiles Douglas Avery

Role VP, Reg.& External Affairs

Type	Security	Shares	Price	Value
Grant/Award	Stock Options (Right to Buy)	36,000	$0.00	--

Holdings After Transaction: Stock Options (Right to Buy) — 36,000 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options granted: 36,000 options Exercise price: $11.50 per share Underlying shares: 36,000 common shares +2 more

5 metrics

Options granted 36,000 options Stock options awarded on May 19, 2026

Exercise price $11.50 per share Strike price of stock options

Underlying shares 36,000 common shares Shares subject to options

Expiration date May 19, 2031 Option term end date

Post-grant derivative holdings 36,000 options Total options held after transaction

Key Terms

Stock Options (Right to Buy), grant/award acquisition, exercise price, vest, +1 more

5 terms

Stock Options (Right to Buy) financial

"security_title: "Stock Options (Right to Buy)""

grant/award acquisition financial

"transaction_action: "grant/award acquisition""

exercise price financial

"conversion_or_exercise_price: "11.5000""

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

vest financial

"Stock options vest as follows: one-third on the first anniversary"

A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.

Common Shares financial

"underlying_security_title: "Common Shares""

Common shares are the basic units of ownership in a company that give holders a claim on profits and a right to vote on key matters, like electing the board. Think of them as membership cards in a club: they let you share in successes and losses, but in a bankruptcy or liquidation they are paid after creditors and preferred shareholders, so their value can swing more and matters for assessing risk and potential return.

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Form 4 Insider Transactions: What Each Field Means →

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^*

Stiles Douglas Avery

(Last) (First) (Middle)

C/O SILVER BOW MINING CORP.

1401 IDAHO STREET

(Street)

BUTTE MONTANA 59701

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
SILVER BOW MINING CORP. [ SBMT ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP, Reg.& External Affairs

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
05/19/2026

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)
05/20/2026

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
Stock Options (Right to Buy)	$11.5	05/19/2026		A		36,000		(1)	05/19/2031	Common Shares	36,000	$0	36,000	D

Explanation of Responses:

1. Stock options vest as follows: one-third on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service.

	/s/ Douglas Stiles	05/22/2026
	** 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 SBMT report for Douglas Avery on this Form 4/A?

Silver Bow Mining reported that VP Douglas Avery received a grant of 36,000 stock options. These options give him the right to buy common shares at a fixed price, reflecting equity-based compensation rather than an open-market purchase or sale.

How many Silver Bow Mining (SBMT) stock options were granted to Douglas Avery?

Douglas Avery was granted 36,000 stock options. Each option relates to one common share, giving him potential future ownership if he chooses to exercise them, subject to vesting conditions tied to his continued service at the company.

What is the exercise price of Douglas Avery’s SBMT stock options?

The exercise price of the granted stock options is $11.50 per share. This means Avery can buy Silver Bow Mining common shares at $11.50 if he exercises the options after they vest and before they expire, regardless of future market price.

When do Douglas Avery’s Silver Bow Mining stock options vest?

The stock options vest in three equal parts over time. One-third vests on the first anniversary of the grant date, and one-third on each of the next two anniversaries, contingent on Avery’s continued service with Silver Bow Mining.

When do the SBMT stock options granted to Douglas Avery expire?

The options expire on May 19, 2031. If Avery does not exercise his vested options by that date, they cease to be exercisable, meaning he would lose the right to buy the underlying Silver Bow Mining common shares.

Does this SBMT Form 4/A show a stock purchase or sale by Douglas Avery?

The filing shows a grant of stock options, not a market trade. The transaction is coded as a grant or award acquisition, indicating equity compensation rather than an open-market purchase or sale of Silver Bow Mining common shares.