Form 4: Contango ORE Director Richard Shortz Sells Shares to Cover Tax Obligations
SEC Form 4 Filing
Director Richard Shortz sold 5,668 shares of Contango ORE stock at an average price of $22.05 to cover tax obligations related to the vesting of restricted stock.
Summary
- On March 18, 2024, Richard Shortz, a director of Contango ORE, Inc. (CTGO), sold 5,668 shares of common stock.
- The shares were sold at a weighted average price of $22.05 per share, with individual transaction prices ranging from $21.25 to $22.24.
- The purpose of the sale was to cover tax obligations related to the vesting of restricted stock.
- Following the transaction, Shortz directly owns 104,582 shares and indirectly owns 1,000 shares through The Shortz Family Trust.
Sentiment
Score: 6
Explanation: The document is neutral in sentiment. It simply reports a transaction by an insider to cover tax obligations. There is no indication of positive or negative implications for the company.
Industry Context
This is a routine Form 4 filing, indicating a change in beneficial ownership by a company insider. Such filings are common and provide transparency into the trading activities of company executives and directors. The sale appears to be for tax purposes, which is a common reason for insider sales.
Key Dates
| Date | Description |
|---|---|
| 03/18/2024 | Date of the stock sale transaction. |
| 03/22/2024 | Date of signature on the Form 4 filing. |
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.