Form 4: Contango ORE, Inc. Executive Acquires 10,000 Shares in Multiple Transactions

Joseph Compofelice, an executive at Contango ORE, Inc., acquired 10,000 shares of common stock through multiple transactions on December 10, 2024.

Summary

• On December 10, 2024, Joseph Compofelice acquired 10,000 shares of Contango ORE, Inc. common stock.
• The shares were purchased in multiple transactions at prices ranging from $11.99 to $12.20 per share.
• The weighted average price for these transactions was $12.10 per share.
• Mr. Compofelice is a trustee of both the Charlie Compofelice UTMA Trust and the Sylvia Compofelice UTMA Trust.
• He disclaims beneficial ownership of the shares held by these trusts, except for his pecuniary interest.
• Mr. Compofelice no longer has a reportable beneficial interest in 2,000 shares previously held by the Compofelice Educational Trust.
• He also no longer has a reportable beneficial interest in 5,000 shares previously held by Anthony Joseph Compofelice.

Sentiment

Score: 6

Explanation: The document is neutral, detailing a routine insider transaction. It doesn't indicate any significant positive or negative sentiment.

Positives

• The acquisition of 10,000 shares by an executive could be seen as a positive sign of confidence in the company.

Industry Context

This type of filing is common for publicly traded companies and reflects changes in ownership by company insiders.

Comparison to Industry Standards

• This Form 4 filing is a standard disclosure required by the SEC for insider transactions.
• Similar filings are made by executives of all publicly traded companies when they buy or sell shares of their company's stock.
• The range of prices paid is typical for market transactions and does not indicate any unusual activity.

Stakeholder Impact

• The share acquisition by an executive may have a minor positive impact on shareholder confidence.

Key Dates

Keywords

Contango ORE, CTGO, Joseph Compofelice, share acquisition, insider trading, UTMA Trust, beneficial ownership