Form 4: Contango ORE Director Joseph S. Compofelice Sells Shares to Cover Tax Obligations

Director Joseph S. Compofelice sold 5,826 shares of Contango ORE, Inc. common stock on March 18, 2024, at $22 per share to cover tax obligations related to the vesting of restricted stock.

Summary

• On March 18, 2024, Joseph S. Compofelice, a director of Contango ORE, Inc., sold 5,826 shares of common stock at a price of $22 per share.
• The sale was executed to cover tax obligations arising from the vesting of restricted stock.
• Following the transaction, Mr. Compofelice directly owns 163,878 shares of Contango ORE, Inc.
• Mr. Compofelice also indirectly owns shares through several trusts: Charlie Compofelice UTMA Trust (5,500 shares), Sylvia Compofelice UTMA Trust (5,500 shares), and Compofelice Educational Trust (2,000 shares).
• He disclaims beneficial ownership of the shares held by these trusts except to the extent of his pecuniary interest.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing detailing a share sale by a director to cover tax obligations. It doesn't inherently convey positive or negative sentiment about the company's prospects.

Industry Context

Form 4 filings are standard disclosures required by the SEC when company insiders (officers, directors, or those holding more than 10% of the company's shares) buy or sell the company's securities. These filings provide transparency into insider transactions and can be monitored by investors to gain insights into management's perspective on the company's stock.

Stakeholder Impact

• The sale of shares by a director could have a minor impact on shareholders, potentially creating slight downward pressure on the stock price in the short term.

Key Dates