Form 4: Contango ORE Director Richard Shortz Sells Shares
SEC Form 4
Director Richard Shortz sold 697 shares of Contango ORE, Inc. on September 12, 2024, at an average price of $21.56.
Summary
- On September 12, 2024, Richard Shortz, a director of Contango ORE, Inc., sold 697 shares of common stock.
- The sale was executed at a weighted average price of $21.56 per share, with individual transactions ranging from $21.50 to $21.62.
- Following the transaction, Shortz directly owns 98,150 shares of Contango ORE, Inc.
- Shortz also indirectly owns 1,000 shares through The Shortz Family Trust.
Sentiment
Score: 5
Explanation: Neutral sentiment as it's a standard disclosure of a stock sale by a director. The transaction itself doesn't necessarily indicate a positive or negative outlook for the company.
Industry Context
This Form 4 filing is a routine disclosure of insider trading activity, providing transparency to the market regarding transactions by company insiders. It's a standard practice for directors and officers to periodically buy or sell shares of their company's stock.
Stakeholder Impact
- The sale of shares by a director could be perceived neutrally or slightly negatively by shareholders, depending on the context and the size of the transaction.
Key Dates
| Date | Description |
|---|---|
| 09/12/2024 | Date of the stock sale transaction |
| 09/13/2024 | Date of signature on the Form 4 filing |
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