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

Director Richard Shortz sold 3,635 shares of Contango ORE, Inc. to cover tax obligations related to the vesting of restricted stock.

Summary

• Richard Shortz, a director of Contango ORE, Inc., sold 3,635 shares of common stock on March 22, 2024.
• The shares were sold at a weighted average price of $20.64.
• The sales were executed to cover tax obligations related to the vesting of restricted stock.
• Following the transaction, Shortz directly owns 99,947 shares and indirectly owns 1,000 shares through The Shortz Family Trust.

Sentiment

Score: 5

Explanation: The document describes a routine transaction (sale of shares to cover taxes) by a company director. It doesn't inherently indicate positive or negative sentiment regarding the company's performance or future prospects.

Industry Context

Sales of shares by company directors are a common occurrence, often related to personal financial planning or tax obligations. The sale itself doesn't necessarily indicate a negative outlook on the company's future.

Stakeholder Impact

• The sale of shares by a director could have a minor, temporary impact on the stock price, but is unlikely to have a significant long-term effect on shareholders.

Key Dates