Silver Bow Mining (SBMT) CFO adds 2,500 shares in open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Silver Bow Mining Corp.’s Chief Financial Officer Black Wade Newton reported an open-market purchase of company stock. On this Form 4, he bought 2,500 Common Shares at a price of $8.83 per share through an IRA, which is reported as indirect ownership.
Separately, the filing lists 25,000 Common Shares held directly following the reported transactions, alongside the 2,500 shares held indirectly by the IRA.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares ($22,075)
Net Buy
2 txns
Insider
Black Wade Newton
Role
Chief Financial Officer
Bought
2,500 shs ($22K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 2,500 | $8.83 | $22K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 2,500 shares (Indirect, by IRA);
Common Shares — 25,000 shares (Direct, null)
Footnotes (1)
Key Figures
Open-market purchase: 2,500 shares
Purchase price: $8.83 per share
Direct holdings after: 25,000 shares
+2 more
5 metrics
Open-market purchase
2,500 shares
Common Shares bought on 2026-05-18
Purchase price
$8.83 per share
Open-market transaction on 2026-05-18
Direct holdings after
25,000 shares
Common Shares held directly following transactions
Indirect IRA holdings after
2,500 shares
Common Shares held indirectly by IRA following purchase
Net buy shares
2,500 shares
Net-buy direction in transactionSummary
Key Terms
open-market purchase, indirect ownership, IRA, Common Shares
4 terms
open-market purchase financial
"the filing identifies the 2,500-share acquisition as an open-market purchase"
An open-market purchase is when an investor or a company buys shares on a public stock exchange at the going market price, rather than through a private deal. It matters to investors because these purchases change how many shares are available, can push the stock price up or signal confidence from large buyers, and often affect per-share metrics like earnings—think of it like someone buying lots of apples off a grocery shelf, reducing supply and potentially raising the price.
indirect ownership financial
"the buy was an open-market transaction at $8.83 per share and was made through an IRA, which is reported as indirect ownership"
IRA financial
"the shares were bought at $8.83 each and are held indirectly by an IRA"
An individual retirement account (IRA) is a savings account designed to help people put aside money for their retirement, often with tax advantages that encourage long-term savings. It matters to investors because it can grow over time, providing financial security later in life, and offers benefits that can reduce current taxes or allow investments to compound more effectively.
FAQ
What insider transaction did Silver Bow Mining (SBMT) report on this Form 4?
Silver Bow Mining reported that its CFO, Black Wade Newton, purchased 2,500 Common Shares. The buy was an open-market transaction at $8.83 per share and was made through an IRA, which is reported as indirect ownership in the filing.
How are the CFO’s Silver Bow Mining (SBMT) holdings structured after the Form 4 transactions?
After the reported transactions, the Form 4 shows 25,000 Common Shares held directly by the CFO and 2,500 shares held indirectly through an IRA. This distinguishes his personal share ownership from shares controlled via a retirement account structure.
Is the Silver Bow Mining (SBMT) CFO’s purchase on this Form 4 an open-market transaction?
Yes. The Form 4 identifies the 2,500-share acquisition as an open-market purchase, with a transaction code P. The shares were bought at $8.83 each and are held indirectly by an IRA, rather than as direct personal holdings by the CFO.