Form 4: Lion Copper & Gold Corp.: Former Director Stephen J. Goodman Reports Changes in Beneficial Ownership

Stephen J. Goodman, a former director of Lion Copper & Gold Corp., reported the sale of common shares and changes in his beneficial ownership, including holdings through 1327094 BC Unlimited Liability Company.

Summary

• Stephen J. Goodman, a former director of Lion Copper & Gold Corp., filed a Form 4 detailing changes in his beneficial ownership of the company's securities.
• On August 19, 2024, Goodman sold 274,592 common shares at a price of $0.053 per share.
• On August 20, 2024, he sold an additional 36,342 common shares at $0.053 per share.
• Following these transactions, Goodman directly owns 186,666 common shares.
• Goodman also indirectly owns 723,018 common shares through 1327094 BC Unlimited Liability Company.
• He holds various options and warrants exercisable at different prices and expiration dates.
• These include options to purchase 1,430,000 shares at $0.052, 1,715,772 shares at $0.06, 700,000 shares at $0.067, and other options at varying prices.
• Goodman also holds warrants to purchase shares through 1327094 BC Unlimited Liability Company.

Sentiment

Score: 4

Explanation: The sentiment is neutral to slightly negative. A former director is selling shares, which could be interpreted negatively, but the filing itself is a routine disclosure.

Negatives

• The reporting person, a former director, sold a portion of their holdings in the company.

Industry Context

Form 4 filings are standard disclosures required by the SEC to provide transparency regarding the transactions of company insiders. These filings are closely watched by investors to gauge insider sentiment and potential future stock performance.

Stakeholder Impact

• Shareholders may react to the reported sale of shares by a former director.

Key Dates