4/A: McEwen CEO Corrects Stock Option Filing Post-Split
Insider Transaction Amendment
McEwen Inc.'s Chairman and CEO, Robert Ross McEwen, filed an amended Form 4 to correct previously reported stock option exercises and sales, adjusting for a 10-for-1 reverse stock split.
Summary
- Robert Ross McEwen, Chairman and CEO of McEwen Inc., filed an amended Form 4 (Form 4/A) to correct details of a previous insider transaction.
- The amendment addresses the number of stock options and underlying common stock shares related to a 2020 equity award, adjusting for the company's 10-for-1 reverse stock split effective July 28, 2022.
- On September 19, 2025, Mr. McEwen exercised 50,000 stock options at an exercise price of $1.25 per share.
- Concurrently, on September 19, 2025, he sold 50,000 shares of common stock at a weighted average price of $14.3467 per share, with individual sales ranging from $13.69 to $14.6625.
- The stock options vested in three equal annual installments, commencing September 29, 2021, and expired on September 28, 2025.
Sentiment
Score: 5
Explanation: The filing is a neutral correction of a past insider transaction, not indicating any new positive or negative operational or financial performance.
Positives
- The filing enhances transparency and accuracy in insider transaction reporting.
- The reporting person realized a significant profit by selling shares at a weighted average price of $14.3467, substantially higher than the exercise price of $1.25.
Negatives
- The necessity of an amendment indicates an initial error in reporting, suggesting administrative oversight in previous filings.
Management Comments
- Mr. McEwen undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
Stakeholder Impact
- Shareholders: Provides clearer and more accurate information regarding insider holdings and transactions, enhancing transparency.
- Regulatory Authorities: Ensures compliance with SEC reporting requirements for insider trading.
Next Steps
- Mr. McEwen will provide full information regarding the number of shares sold at each separate price within the reported range upon request from the Issuer, any security holder, or the SEC staff.
Key Dates
| Date | Description |
|---|---|
| 09/29/2021 | Start date for the three equal annual installments of stock option vesting. |
| 07/28/2022 | Effective date of McEwen Inc.'s 10-for-1 reverse stock split. |
| 09/19/2025 | Date of stock option exercise and subsequent sale of common stock. |
| 09/23/2025 | Date of original Form 4 filing. |
| 09/28/2025 | Expiration date of the stock options. |
| 09/29/2025 | Date of this Form 4/A amendment filing. |
Keywords
McEwen Inc., MUX, SEC Form 4/A, Insider Trading, Stock Options, Reverse Stock Split, Robert Ross McEwen, Equity Award, Common Stock
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