STOCK TITAN
  1. Home
  2. Sec-filings
  3. SSMR
  4. [Form 4] Sunshine Silver Mining & Refining Co Insider Trading Activity

Sunshine Silver (SSMR) director gets 8,929 RSUs, linked to 346,160 shares

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Erfan Ali reported acquisition or exercise transactions in this Form 4 filing.

Sunshine Silver Mining & Refining Co director Erfan Ali received 8,929 shares of common stock through a restricted stock unit (RSU) grant. The grant carries a price of $0.00 per share and is compensation-related rather than an open-market purchase.

The RSUs vest in full on the earlier of the first anniversary of the grant date or the day immediately preceding the company’s 2027 Annual Meeting of Stockholders, subject to Ali’s continued board service. Separately, an entity associated with Ali, Ajami Associates Limited, holds 346,160 shares of common stock indirectly.

Positive

  • None.

Negative

  • None.
Insider Erfan Ali
Role null
Type Security Shares Price Value
Grant/Award Common Stock 8,929 $0.00 --
holding Common Stock -- -- --
Holdings After Transaction: Common Stock — 8,929 shares (Direct, null); Common Stock — 346,160 shares (Indirect, By Ajami Associates Limited)
Footnotes (1)
  1. Represents shares of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately proceeding the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to the reporting person's continued service as a member of the Issuer's Board of Directors through such date. The reporting person is a director of Ajami Associates Limited and may be deemed to beneficially own securities held by Ajami Associates Limited.
RSU grant size 8,929 shares Restricted stock units granted to Erfan Ali
Grant price per share $0.00 per share RSU grant to director Erfan Ali
Indirect holdings via Ajami Associates Limited 346,160 shares Common stock held indirectly through Ajami Associates Limited
RSU vesting trigger Earlier of first anniversary or pre-2027 meeting Time- and service-based vesting condition for RSUs
restricted stock units ("RSUs") financial
"Represents shares of restricted stock units ("RSUs") granted to the reporting person."
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.
beneficially own financial
"may be deemed to beneficially own securities held by Ajami Associates Limited."
Beneficially own means having the economic rights and risks of a security—such as the right to receive dividends, sell the shares, or profit from price changes—whether or not your name appears on the official share register. Think of it like renting a car: you use it and reap the benefits even if the title lists someone else. Investors care because beneficial ownership determines who truly controls value, must be disclosed under securities rules, and can signal potential influence or trading activity that affects a stock’s price.
Annual Meeting of Stockholders regulatory
"the Issuer's 2027 Annual Meeting of Stockholders, subject to the reporting person's continued service"
See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google
Form 4 Insider Transactions: What Each Field Means →
SEC Form 4
FORM 4UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number:3235-0287
Estimated average burden
hours per response:0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Erfan Ali
(Last)(First)(Middle)
2209 BIG CREEK RD
(Street)
KELLOGG IDAHO 83837
(City)(State)(Zip)
UNITED STATES
(Country)		2. Issuer Name and Ticker or Trading Symbol
Sunshine Silver Mining & Refining Co [ SSMR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
06/05/2026		6. Individual or Joint/Group Filing (Check Applicable Line)
XForm filed by One Reporting Person
Form filed by More than One Reporting Person
4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year)2A. Deemed Execution Date, if any (Month/Day/Year)3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeVAmount(A) or (D)Price
Common Stock06/05/2026A8,929(1)A$08,929D
Common Stock346,160IBy Ajami Associates Limited(2)
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year)3A. Deemed Execution Date, if any (Month/Day/Year)4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year)7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Explanation of Responses:
1. Represents shares of restricted stock units ("RSUs") granted to the reporting person. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately proceeding the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to the reporting person's continued service as a member of the Issuer's Board of Directors through such date.
2. The reporting person is a director of Ajami Associates Limited and may be deemed to beneficially own securities held by Ajami Associates Limited.
/s/ Michelle Shepston, as attorney-in-fact06/08/2026
** Signature of Reporting PersonDate
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)

Source: View Original Filing on SEC EDGAR

FAQ

What insider transaction did Sunshine Silver (SSMR) report for Erfan Ali?

Sunshine Silver reported a compensation grant to director Erfan Ali. He received 8,929 restricted stock units (RSUs), each representing one share of common stock at $0.00 per share, increasing his equity-based compensation without an open-market share purchase or sale.

How many Sunshine Silver (SSMR) RSUs were granted to Erfan Ali and at what price?

Erfan Ali received 8,929 RSUs at $0.00 per share. Each RSU represents a contingent right to receive one share of Sunshine Silver’s common stock, reflecting a stock-based compensation award rather than a cash outlay or open-market transaction by the director.

What are the vesting terms of Erfan Ali’s Sunshine Silver (SSMR) RSU grant?

The RSUs vest in a single tranche based on time and service. They vest fully on the earlier of the first anniversary of the grant date or the day immediately preceding Sunshine Silver’s 2027 Annual Meeting, contingent on Ali’s continued service on the Board of Directors.

Does Erfan Ali have indirect holdings of Sunshine Silver (SSMR) stock?

Yes, an entity linked to Erfan Ali holds Sunshine Silver shares. Ajami Associates Limited holds 346,160 shares of common stock indirectly, and Ali is a director of that entity and may be deemed to beneficially own the securities it holds.

Is Erfan Ali’s Sunshine Silver (SSMR) RSU grant an open-market stock purchase?

No, the RSU grant is a compensation award, not a market trade. The 8,929 RSUs were granted at $0.00 per share as equity-based compensation, so they do not reflect an open-market buy or sell decision by the director.