Silver Bow director granted 110K options at $8.86
Rhea-AI Filing Summary
SILVER BOW MINING CORP. (SBMT) reported that director David Daisel McMullin received equity-based compensation on 2026-08-26. He was granted 110,000 stock options to buy Common Shares at an exercise price of $8.86 per share, expiring on 2031-08-26, vesting one-third on each anniversary of the grant date subject to continued service. He also acquired 2,821 Restricted Stock Units, which will vest and convert into Common Shares upon the earliest of a change in control, a sale of a majority of assets, or his departure from the Board. Following these awards, he directly owns 135,011 Common Shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,821 shares
Net Buy
2 txns
Insider
McMullin David Daisel
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock Options (Right to Buy) F2 | 110,000 | $0.00 | $0.00 |
| Grant/Award | Common Shares F1 | 2,821 | $0.00 | $0.00 |
Holdings After Transaction:
Stock Options (Right to Buy) — 110,000 shares (Direct);
Common Shares — 135,011 shares (Direct)
Footnotes (2)
- F1. Restricted Stock Units ("RSUs"). 100% of the RSUs will vest and be convertible into Common Shares upon the earliest of (i) a change in control of the Issuer; (ii) a sale of the majority of Issuer's assets; or (iii) the departure of the Reporting Person from the Board of Directors of the Issuer.
- F2. 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.
Key Figures
Stock options granted: 110,000 stock options
Exercise price: $8.86 per share
Option expiration date: 2031-08-26
+3 more
6 metrics
Stock options granted
110,000 stock options
Grant on 2026-08-26 to buy Common Shares
Exercise price
$8.86 per share
Conversion or exercise price of stock options granted 2026-08-26
Option expiration date
2031-08-26
Expiration date of the 110,000 stock options
RSUs granted
2,821 RSUs
Restricted Stock Units awarded on 2026-08-26
Common Shares held after transaction
135,011 Common Shares
Direct non-derivative holdings after RSU award
Underlying Common Shares for options
110,000 Common Shares
Shares underlying granted stock options
Key Terms
Restricted Stock Units ("RSUs"), Stock options, change in control, Board of Directors
4 terms
Restricted Stock Units ("RSUs") financial
"Restricted Stock Units ("RSUs"). 100% of the RSUs will vest and be con"
Restricted stock units (RSUs) are a company promise to give an employee shares of stock (or cash equivalent) in the future, but only after certain conditions—usually staying with the company for a set time or hitting performance goals—are met. Investors watch RSUs because when they vest they increase the number of shares outstanding and can lead insiders to sell shares, affecting share price, company dilution and the true cost of employee pay.
Stock options financial
"Stock options vest as follows: one-third on the first anniversary"
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
change in control regulatory
"vest and be convertible into Common Shares upon the earliest of (i) a change in control"
A "change in control" occurs when the ownership or management of a company shifts significantly, such as through a merger, acquisition, or sale of a large part of its assets. This change can impact how the company is run and may influence its future direction. For investors, it matters because it can affect the company's stability, strategy, and value, often signaling potential changes in investment risk or opportunity.
Board of Directors regulatory
"or (iii) the departure of the Reporting Person from the Board of Directors"
The Board of Directors is a group of people chosen by a company's owners to help make big decisions and oversee how the company is run. They act like a team of advisors or managers, making sure the company stays on track and meets its goals. Their choices can influence the company's success and how it grows.
FAQ
What insider transactions did SBMT director David Daisel McMullin report on this Form 4?
He reported a grant of 110,000 stock options with a strike price of $8.86 per share, expiring 2031-08-26, and an award of 2,821 RSUs that may convert into Common Shares upon specified events.
What is the exercise price and term of the new stock options reported for SBMT?
The new stock options have an exercise price of $8.86 per share and an expiration date of 2031-08-26. They vest one-third on the first anniversary of the grant date and one-third on each subsequent anniversary, subject to continued service.
How do the 2,821 RSUs granted to the SBMT director vest?
The 2,821 RSUs vest and convert into Common Shares upon the earliest of: (i) a change in control, (ii) a sale of the majority of the issuer's assets, or (iii) the director’s departure from the Board of Directors.
Were the reported SBMT insider transactions under a Rule 10b5-1 trading plan?
No. The filing’s Rule 10b5-1 checkbox is unchecked, and there is no footnote stating that these grants or awards were made pursuant to a Rule 10b5-1 trading plan.
AI-generated analysis. How Rhea-AI works. Not financial advice.
