Form 4: AMRK CEO Exercises Options, Sells Shares in November 2025

A-Mark Precious Metals CEO Gregory N. Roberts exercised stock options and subsequently sold shares on two separate occasions in mid-November 2025.

Summary

• Gregory N. Roberts, CEO, Director, and 10% Owner of A-Mark Precious Metals, Inc. (AMRK), reported transactions involving the company's common stock.
• On November 14, 2025, Mr. Roberts acquired 18,000 shares of common stock by exercising stock options at a price of $8.40 per share.
• Immediately following the option exercise on November 14, 2025, he sold 18,000 shares of common stock at a weighted average price of $25.0985 per share, with individual sales ranging from $24.62 to $25.39.
• On November 17, 2025, Mr. Roberts acquired another 18,000 shares of common stock by exercising stock options at a price of $8.40 per share.
• Following this second option exercise on November 17, 2025, he sold 18,000 shares of common stock at a weighted average price of $25.6452 per share, with individual sales ranging from $25.285 to $25.88.
• After these transactions, Mr. Roberts directly holds 28,202 shares of common stock.
• He also indirectly beneficially owns 1,867,416 shares through Silver Bow Ventures, LLC (disclaiming ownership beyond his 50% pecuniary interest) and 32,340 shares through the Roberts Family Trust.
• The stock options exercised were part of an original grant of 200,000 shares, which vested 25% annually from June 30, 2017, to 2020, and have an expiration date of February 19, 2026.
• Following these exercises, Mr. Roberts holds 39,000 unexercised stock options directly.

Sentiment

Score: 5

Explanation: The filing reports routine insider transactions (option exercises and sales) which are neutral in sentiment. It reflects an executive managing their equity compensation rather than indicating a specific positive or negative outlook on the company's future performance.

Positives

• The reporting person realized a significant profit by exercising options at $8.40 and selling shares at weighted average prices of $25.0985 and $25.6452.
• The transactions demonstrate the liquidity of the company's stock and the value of executive compensation through stock options.

Negatives

• Insider selling, even if pre-planned or for diversification, can sometimes be perceived negatively by the market, though these transactions appear routine for option exercises.

Future Outlook

NA

Industry Context

This Form 4 filing reports routine insider transactions (option exercises and sales) and does not provide specific context on broader industry trends or competitors. Such transactions are common for executives managing their equity compensation and personal finances.

Related Party Transactions

• The reporting person has an indirect ownership interest of 50% in Silver Bow Ventures, LLC, which beneficially owns 1,867,416 shares. The reporting person disclaims beneficial ownership of these shares in excess of his proportionate pecuniary interest.
• The reporting person indirectly owns 32,340 shares through the Roberts Family Trust.

Stakeholder Impact

• Shareholders: The transactions represent a routine exercise of stock options and subsequent sale of shares by a key executive, which is a common practice for liquidity and diversification. The amounts sold are not exceptionally large relative to the executive's total beneficial ownership, including indirect holdings.
• Employees: No direct impact on employees is indicated by this filing.
• Customers/Suppliers/Creditors: No direct impact on these stakeholders is indicated by this filing.

Key Dates

Keywords

A-Mark Precious Metals, AMRK, Gregory N. Roberts, Insider Trading, Form 4, Stock Options, CEO, Share Sale, Option Exercise