Form 4: Contango ORE Director Richard Shortz Sells Shares to Cover Tax Obligations

Director Richard Shortz sold 200 shares of Contango ORE stock to cover tax obligations related to the vesting of restricted stock.

Summary

• Richard Shortz, a director of Contango ORE, Inc. (CTGO), sold 200 shares of common stock on March 28, 2024.
• The sale was executed at a price of $20.5 per share.
• The transaction was conducted to cover tax obligations arising from the vesting of restricted stock.
• Following the transaction, Shortz directly owns 99,747 shares of Contango ORE common stock.
• Shortz also indirectly owns 1,000 shares through The Shortz Family Trust.

Sentiment

Score: 5

Explanation: The document describes a routine stock sale by a director to cover tax obligations, which is neither particularly positive nor negative. It's a neutral event.

Industry Context

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

Key Dates