Sunshine Silver (SSMR) CFO discloses stock, warrant and option holdings
Rhea-AI Filing Summary
Sunshine Silver Mining & Refining Co Chief Financial Officer Pieter A. van Niekerk has filed an initial Form 3, detailing his equity stake in the company. He reports direct ownership of 75,000 shares of common stock, establishing his baseline share position as an executive.
In addition, he holds warrants exercisable into 37,500 shares of common stock at an exercise price of $5.00 per share, expiring on September 30, 2027. He also holds stock options covering 1,330,000 shares of common stock at an exercise price of $4.00 per share, expiring on July 15, 2035. These options were granted on July 15, 2025 and vest in three equal annual installments on March 17, 2026, 2027 and 2028, subject to his continuous service.
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Insider Trade Summary
3 transactions reported
Mixed
3 txns
Insider
van Niekerk Pieter A.
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| holding | Stock Option (Right to Buy) | -- | -- | -- |
| holding | Warrants | -- | -- | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Stock Option (Right to Buy) — 1,330,000 shares (Direct);
Warrants — 37,500 shares (Direct);
Common Stock — 75,000 shares (Direct)
Footnotes (2)
- F1. These stock options were granted on July 15, 2025 and vest in three equal annual installments on each of March 17, 2026, 2027 and 2028, subject to the reporting person's continuous service.
- F2. Each warrant is exercisable for one share of common stock until the later of two years from the date of purchase or six months after the completion of the Issuer's initial public offering.
Key Figures
Common stock held: 75,000 shares
Warrants underlying shares: 37,500 shares
Warrant exercise price: $5.00 per share
+2 more
5 metrics
Common stock held
75,000 shares
Directly owned common stock reported on Form 3
Warrants underlying shares
37,500 shares
Common stock issuable upon warrant exercise at $5.00
Warrant exercise price
$5.00 per share
Exercise price for warrants expiring September 30, 2027
Stock options underlying shares
1,330,000 shares
Common stock covered by options at $4.00
Stock option exercise price
$4.00 per share
Exercise price for options expiring July 15, 2035
Key Terms
Warrants, Stock Option (Right to Buy, initial public offering, vest
4 terms
Warrants financial
"Each warrant is exercisable for one share of common stock until the later of two years from the date of purchase..."
Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.
Stock Option (Right to Buy financial
"Stock Option (Right to Buy) with underlying security title Common Stock and exercise price of 4.0000..."
initial public offering financial
"six months after the completion of the Issuer's initial public offering."
An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.
vest financial
"These stock options were granted on July 15, 2025 and vest in three equal annual installments..."
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.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What does the Sunshine Silver Mining (SSMR) Form 3 filing show for the CFO?
The Form 3 shows CFO Pieter A. van Niekerk’s initial equity holdings in Sunshine Silver Mining. He reports 75,000 common shares plus significant warrants and stock options, providing transparency into his direct financial stake in SSMR as an executive.
What warrants linked to SSMR stock does the CFO hold?
He holds warrants exercisable for 37,500 Sunshine Silver Mining common shares at a $5.00 exercise price. These warrants remain exercisable until September 30, 2027, giving him the right, but not the obligation, to purchase shares at that fixed price.
What stock options in Sunshine Silver Mining (SSMR) has the CFO received?
The CFO holds stock options over 1,330,000 Sunshine Silver Mining common shares at a $4.00 exercise price, expiring July 15, 2035. These options were granted July 15, 2025 and vest in three equal annual installments in 2026, 2027 and 2028.
How do the CFO’s SSMR stock options vest over time?
His 1,330,000 stock options vest in three equal annual installments on March 17, 2026, March 17, 2027 and March 17, 2028. Vesting is conditioned on his continuous service, meaning he must remain with Sunshine Silver Mining to earn each tranche.