Form 4: MineralRite Corp Insider Buys Series C Preferred Stock

James Burgauer, Director and President/CEO of MineralRite Corp, acquired 175 shares of Series C Preferred Stock on June 8, 2026.

Summary

• James Burgauer, who holds multiple key positions including Director, 10% Owner, and President/CEO of MineralRite Corp, has reported a transaction.
• On June 8, 2026, Burgauer acquired 175 shares of Series C Preferred Stock.
• The acquisition was made at a price of $120 per share.
• Following this transaction, Burgauer beneficially owns 6,815 shares of Series C Preferred Stock directly.

Sentiment

Score: 6

Explanation: StockSavvy.ai views this as a moderately positive filing due to the insider acquisition of preferred stock by a key executive, signaling confidence, though it does not provide broader financial performance data.

Positives

• Insider acquisition of preferred stock by a key executive (President, CEO, Director) can signal confidence in the company's future prospects.
• The acquisition of 175 shares of Series C Preferred Stock at $120 per share indicates a direct investment by management.

Future Outlook

No specific forward-looking statements or guidance are present in this Form 4 filing.

Industry Context

StockSavvy.ai notes that insider transactions, particularly acquisitions of preferred stock by senior management, are often viewed as positive signals by the market, suggesting a belief in the company's underlying value and future performance within the broader corporate landscape.

Stakeholder Impact

• Shareholders may view this insider purchase positively, interpreting it as a sign of management's confidence in the company's future value.

Key Dates

Recommendation

This filing reports an insider acquisition of preferred stock, which is generally a positive signal. However, without broader financial performance data or strategic updates, it is prudent to hold the stock and await further information rather than making a strong buy or sell decision.

Keywords

MineralRite Corp, RITE, Form 4, Insider Transaction, Preferred Stock, Series C Preferred, James Burgauer, SEC Filing, Beneficial Ownership