Silver Bow CEO buys 5,000 SBMT shares
Silver Bow Mining Corp. Chief Executive Officer Charles Travis Naugle reported an open-market purchase of 5,000 Common Shares of SBMT at a weighted average price of $9.8818 per share.
Accepted by SEC EDGAR
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Form Type
4
Rhea-AI Filing Summary
Silver Bow Mining Corp. Chief Executive Officer Charles Travis Naugle reported an open-market purchase of 5,000 Common Shares of SBMT at a weighted average price of $9.8818 per share. After this trade, he directly owns 105,000 common shares and indirectly holds 43,799 shares through a 401(k) plan.
Insider Trade Summary
Net Buyer: 5,000 shares
Net Buy
1 txn
Insider
Naugle Charles Travis
Role
Chief Executive Officer
Bought
5,000 shs ($49K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 5,000 | $9.8818 | $49K |
| Holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 105,000 shares (Direct);
Common Shares — 43,799 shares (Indirect, By 401(k) plan)
Footnotes (1)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $9.835 to $10.00, inclusive. The reporting person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price with the ranges set forth.
Key Figures
Shares purchased: 5,000 shares
Weighted average price: $9.8818/share
Direct holdings after trade: 105,000 shares
+2 more
5 metrics
Shares purchased
5,000 shares
Open-market purchase of Common Shares
Weighted average price
$9.8818/share
Purchase price for 5,000 Common Shares
Direct holdings after trade
105,000 shares
Common Shares directly owned post-transaction
Indirect 401(k) holdings
43,799 shares
Common Shares held indirectly via 401(k) plan
Price range of trades
$9.835–$10.00/share
Range for individual trades underlying weighted average
Key Terms
open-market purchase, weighted average price, 401(k) plan
3 terms
open-market purchase financial
"The filing describes the transaction as an open-market purchase of 5,000 Common Shares."
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.
weighted average price financial
"The price reported is a weighted average price for multiple trades between $9.835 and $10.00."
Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.
401(k) plan financial
"Indirect ownership of 43,799 Common Shares is reported as held by a 401(k) plan."
A 401(k) plan is a workplace retirement account that lets employees set aside part of their pay into a tax-advantaged savings pot, often with employers adding matching contributions — like a workplace piggy bank for future income. It matters to investors because the amount people save and how employers fund these plans influence consumer spending, corporate payroll costs and the flow of money into financial markets, which can affect stock prices and company valuations.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did SBMT CEO Charles Travis Naugle report?
He reported buying 5,000 Silver Bow Mining Corp. shares. The Form 4 shows an open-market purchase of 5,000 Common Shares at a weighted average price of $9.8818 per share, increasing his direct ownership position in SBMT.
How are the SBMT CEO’s indirect holdings structured?
His indirect SBMT holdings are through a 401(k) plan. The Form 4 includes a holding entry showing 43,799 Common Shares classified as indirectly owned, with the nature of ownership described specifically as "By 401(k) plan" for retirement-related investment.
AI-generated analysis. How Rhea-AI works. Not financial advice.
