Form 4: Contango ORE CEO Rick Van Nieuwenhuyse Reports Stock Forfeiture for Tax Obligations
SEC Form 4 Filing
Rick Van Nieuwenhuyse, President & CEO of Contango ORE, Inc., reports the forfeiture of 60,763 shares of restricted stock to cover tax withholding obligations upon vesting.
Summary
- On January 15, 2025, Rick Van Nieuwenhuyse, the President & CEO of Contango ORE, Inc. (CTGO), forfeited 60,763 shares of common stock.
- The forfeiture was executed to satisfy tax withholding obligations related to the vesting of restricted stock.
- The price per share was $10.85.
- Following the transaction, Van Nieuwenhuyse directly owns 437,569 shares of Contango ORE, Inc.
Sentiment
Score: 5
Explanation: This is a neutral event. It's a routine transaction related to tax obligations and doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This is a standard Form 4 filing, which is a routine disclosure required by the SEC when a company insider has a transaction in the company's stock. The forfeiture of shares to cover tax obligations is a common practice.
Key Dates
| Date | Description |
|---|---|
| 01/15/2025 | Date of stock forfeiture transaction. |
| 01/17/2025 | Date of signature for the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.