SILVER BOW MINING (SBMT) CFO boosts stake with 2,500-share open-market buy
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
SILVER BOW MINING CORP. Chief Financial Officer Wade Newton Black reported an open-market purchase of common shares. An individual retirement account associated with him bought 2,500 common shares on May 29, 2026 at an average price of $9.6923 per share, held as indirect ownership "by IRA." Following this transaction, his indirect holdings through the IRA totaled 10,000 common shares, and a separate entry shows 25,000 common shares held directly after the same date, indicating a combined reported stake of 35,000 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 2,500 shares ($24,231)
Net Buy
2 txns
Insider
Black Wade Newton
Role
Chief Financial Officer
Bought
2,500 shs ($24K)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Purchase | Common Shares | 2,500 | $9.6923 | $24K |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Common Shares — 10,000 shares (Indirect, by IRA);
Common Shares — 25,000 shares (Direct, null)
Footnotes (1)
Key Figures
Open-market purchase: 2,500 shares
Purchase price: $9.6923 per share
Indirect holdings after trade: 10,000 shares
+2 more
5 metrics
Open-market purchase
2,500 shares
Common shares bought on May 29, 2026
Purchase price
$9.6923 per share
Average price for 2,500-share buy
Indirect holdings after trade
10,000 shares
Common shares held by IRA after transaction
Direct holdings after date
25,000 shares
Common shares held directly as of May 29, 2026
Net buy shares
2,500 shares
Net buy-sell direction reported as net-buy
Key Terms
open-market purchase, indirect ownership, IRA, Form 4
4 terms
open-market purchase financial
"transaction_action": "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
"recorded as an indirect holding through an IRA account"
IRA financial
"nature_of_ownership": "by 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.
Form 4 regulatory
"What insider transaction did SBMT’s CFO report on this 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
What insider transaction did SBMT’s CFO report on this Form 4?
SILVER BOW MINING CORP.’s CFO Wade Newton Black reported an open-market purchase of 2,500 common shares. The trade occurred on May 29, 2026 and was recorded as an indirect holding through an IRA account associated with him.