Form 4: Lion Copper & Gold Corp. Executive Stephen Goodman Reports Transactions in Company Stock
SEC Form 4
Stephen Goodman, President and CFO of Lion Copper & Gold Corp., reports the acquisition and disposal of common shares and derivative securities.
Summary
- Stephen J. Goodman, President and CFO of Lion Copper & Gold Corp., filed a Form 4 detailing changes in beneficial ownership.
- On June 5, 2024, Goodman exercised options to acquire 2,505,000 common shares at $0.06 per share.
- Between May 29, 2024, and May 31, 2024, Goodman disposed of 2,505,000 common shares at prices of $0.0769 and $0.085 per share.
- Following these transactions, Goodman directly owns 1,062,000 common shares and indirectly owns 2,380,952 common shares through 1327094 BC Unlimited Liability Company.
- Goodman also holds various warrants and options to purchase additional common shares at different exercise prices and expiration dates.
Sentiment
Score: 5
Explanation: Neutral sentiment as the document primarily reports transactions without expressing a clear positive or negative outlook.
Negatives
- The sale of a significant number of shares by the President and CFO could be interpreted negatively by the market.
Risks
- The market may react negatively to the disposal of shares by a key executive.
- Fluctuations in the company's stock price could impact the value of Goodman's remaining holdings and derivative securities.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the trading activities of company insiders.
Stakeholder Impact
- Shareholders may react to the reported transactions, potentially influencing the stock price.
- The transactions could affect investor confidence depending on their interpretation of the insider's actions.
Key Dates
| Date | Description |
|---|---|
| 07/21/2023 | Date of options that expired on 07/21/2028 |
| 03/02/2023 | Date of warrants that expire on 11/02/2024 |
| 09/27/2021 | Date of warrants that expire on 09/27/2024 |
| 05/25/2022 | Date of options that expire on 05/25/2027 |
| 06/18/2021 | Date of options that expire on 06/18/2026 |
| 09/17/2021 | Date of options that expire on 09/17/2026 |
| 02/16/2024 | Date of convertible debentures due 02/16/2025 and warrants that expire on 02/16/2025 |
| 03/01/2024 | Date of options that expire on 03/01/2029 |
| 03/08/2024 | Date of warrants that expire on 03/08/2029 |
| 05/29/2024 | Date of common shares disposed of |
| 05/31/2024 | Date of common shares disposed of |
| 06/05/2024 | Date of options exercised and common shares acquired |
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