Form 4: Gold Flora Corp. Director Mark Castaneda Reports Stock Transactions
SEC Form 4 Filing
Director Mark Castaneda reports the vesting of restricted stock units into common shares of Gold Flora Corp.
Summary
- On September 30, 2024, Mark Castaneda, a director of Gold Flora Corp., reported a transaction involving restricted stock units (RSUs).
- 8,375 RSUs converted into common shares.
- Following the transaction, Castaneda directly owns 168,875 common shares and 25,125 RSUs.
- The RSUs convert into common shares on a one-for-one basis.
- The initial grant of 100,000 RSUs occurred 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 stock transactions, and does not inherently convey positive or negative sentiment.
Industry Context
This filing is a routine disclosure of insider transactions, which is common for publicly traded companies. It provides transparency into the actions of company insiders.
Stakeholder Impact
- The transaction may have a minor impact on shareholders due to the increase in the number of outstanding shares, but the amount is relatively small.
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'). |
| 09/30/2024 | Transaction date: 8,375 Restricted Stock Units converted to Common Shares. |
| 10/01/2024 | Date of signature for the Form 4 filing. |
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