Form 4: Gold Flora Corp. Director Mark Castaneda Reports Share Acquisition
SEC Form 4 Filing
Director Mark Castaneda reports acquiring shares of Gold Flora Corp. through the vesting of restricted stock units.
Summary
- On June 30, 2024, Mark Castaneda, a director of Gold Flora Corp., reported a transaction involving the vesting of restricted stock units (RSUs).
- Castaneda acquired 8,375 common shares through the conversion of RSUs.
- Following the transaction, Castaneda directly owns 160,500 common shares and 33,500 restricted stock units.
- The RSUs convert into common shares on a one-for-one basis.
- The RSUs were granted on June 30, 2022, with 33% vesting one year after the grant date and the remaining vesting in equal quarterly installments.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing detailing a routine transaction. It doesn't inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure related to insider transactions and provides transparency to the market regarding the holdings of company directors.
Stakeholder Impact
- The transaction provides transparency to shareholders regarding director's holdings.
Key Dates
| Date | Description |
|---|---|
| 06/30/2022 | Reporting person was granted 100,000 RSU's, 33% of which vested 1 year after the grant date (the 'Initial Vesting Period'). The remaining RSUs vest in 8 equal quarterly installments. |
| 06/30/2024 | Transaction date: 8,375 Common Shares acquired through RSU conversion. |
| 07/01/2024 | Date of signature for the Form 4 filing. |
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