4/A: Lion Copper & Gold Corp.: Former Director Stephen J. Goodman Reports Share Disposals
SEC Form 4/A
Stephen J. Goodman, a former director of Lion Copper & Gold Corp., reported the disposal of common shares and provided details on derivative securities holdings.
Summary
- Stephen J. Goodman, a former director of Lion Copper & Gold Corp., filed a Form 4/A with the SEC.
- The report details changes in beneficial ownership of securities.
- On August 7, 2024, Goodman disposed of 470,000 common shares at $0.0529 per share.
- On August 8, 2024, Goodman disposed of 122,000 common shares at $0.0509 per share.
- Following these transactions, Goodman directly owns 586,666 common shares and indirectly owns 1,910,952 common shares through 1327094 BC Unlimited Liability Company.
- The report also lists various options and warrants held by Goodman, with exercise prices ranging from $0.052 to $0.245 and expiration dates between 2024 and 2029.
- Some options and warrants are held directly, while others are held indirectly through 1327094 BC Unlimited Liability Company.
Sentiment
Score: 4
Explanation: The sentiment is slightly negative due to the disposal of shares by a former director, which could indicate a lack of confidence in the company's future prospects. However, the presence of derivative holdings suggests a continued, albeit reduced, interest in the company's performance.
Negatives
- The report indicates the disposal of a significant number of shares by a former director, which could be interpreted negatively by the market.
Risks
- Continued disposal of shares by insiders could put downward pressure on the stock price.
- The value of derivative securities held by Goodman is subject to market fluctuations.
Industry Context
Form 4 filings are a routine part of regulatory compliance for corporate insiders and provide transparency into their trading activities. The information is used by investors to understand the sentiment of insiders regarding the company's prospects.
Stakeholder Impact
- Shareholders may react to the reported share disposals, potentially impacting the stock price.
- The information provides transparency to stakeholders regarding insider trading activity.
Key Dates
| Date | Description |
|---|---|
| 05/25/2022 | Date of options grant with exercise price $0.067 and expiration date 05/25/2027 |
| 07/21/2023 | Date of options grant with exercise price $0.06 and expiration date 07/21/2028 |
| 03/02/2023 | Date of warrants grant with exercise price $0.07 and expiration date 11/02/2024 |
| 02/16/2024 | Date of convertible debentures and warrants grant with exercise price $0.06 and expiration date 02/16/2025 |
| 03/01/2024 | Expiration date of options with exercise price $0.052 |
| 03/08/2024 | Date of warrants grant with exercise price $0.056 and expiration date 03/08/2029 |
| 08/07/2024 | Transaction date: Disposal of 470,000 common shares at $0.0529 |
| 08/08/2024 | Transaction date: Disposal of 122,000 common shares at $0.0509 |
| 08/12/2024 | Date of Original Filed |
| 08/13/2024 | Date of signature |
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