Form 4: SSR Mining CFO Michael Sparks Reports Acquisition of 76,586 Common Shares and Performance Share Units

Michael John Sparks, CFO of SSR Mining Inc., reports acquiring 76,586 common shares and 76,586 performance share units on January 1, 2025.

Summary

• On January 1, 2025, Michael John Sparks, the Chief Financial Officer of SSR Mining Inc., reported a transaction involving the acquisition of 76,586 common shares.
• These shares were acquired at a price of $0.
• Following this transaction, Sparks directly owns 320,923 common shares.
• Sparks also acquired 76,586 performance share units, which represent a contingent right to receive a cash payment in the first quarter of 2028 based on performance criteria and continued service.
• These performance share units also have a price of $0.
• The performance share units are exercisable on January 1, 2028.
• The filing was signed by Jasmine Miller, attorney-in-fact for Michael J. Sparks, on January 3, 2025.

Sentiment

Score: 6

Explanation: The sentiment is neutral. It's a routine filing indicating insider transactions. The acquisition of shares by the CFO could be interpreted as a positive signal, but it's not overwhelmingly positive.

Positives

• The acquisition of shares by a company executive can be seen as a positive sign, indicating confidence in the company's future performance.

Future Outlook

The performance share units will vest and convert to cash in Q1 2028 based on the achievement of specified performance criteria over the applicable performance period and subject to continued service through the vesting date.

Industry Context

Form 4 filings are a routine part of regulatory compliance for publicly traded companies and their executives. They provide transparency into insider transactions, allowing investors to track the buying and selling activity of company insiders.

Stakeholder Impact

• The transaction could have a minor positive impact on shareholder sentiment, as it indicates confidence from a key executive.

Key Dates