Form 4: Contango ORE Director Richard Shortz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Richard Shortz sold 900 shares of Contango ORE, Inc. to cover tax obligations related to the vesting of restricted stock.
Summary
- On April 5, 2024, Richard Shortz, a director of Contango ORE, Inc., sold 900 shares of common stock at a weighted average price of $20.59.
- The sales were executed to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Shortz directly owns 98,847 shares and indirectly owns 1,000 shares through The Shortz Family Trust.
Sentiment
Score: 5
Explanation: The document is a standard SEC filing reporting a stock sale by a director to cover tax obligations, which is a neutral event.
Industry Context
This is a routine disclosure of a stock transaction by a company insider. Such transactions are common and do not necessarily indicate a change in the director's confidence in the company.
Stakeholder Impact
- The sale of shares by a director may have a minor impact on shareholders, but is unlikely to be significant given the relatively small number of shares involved.
Key Dates
| Date | Description |
|---|---|
| 04/05/2024 | Date of the stock sale transaction |
| 04/08/2024 | Date of signature on the Form 4 filing |
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