Form 4: United States Antimony Corp Director Michael McManus Jr. Reports Significant Equity Grant

Michael A. McManus Jr., a Director and 10% Owner of United States Antimony Corp, reported the acquisition of restricted stock units and stock options as part of an equity incentive plan.

Summary

• Michael A. McManus Jr., a Director and 10% Owner of United States Antimony Corp (UAMY), reported an acquisition of equity securities on May 27, 2025.
• He acquired 22,733 shares of Common Stock through a time-based vesting restricted stock unit (RSU) award, representing one-third of a total RSU award of 68,200 shares granted under the Issuer's 2023 Equity Incentive Plan.
• The remaining two-thirds of the RSU award will vest in equal installments on May 27, 2026, and May 27, 2027, contingent on his continued service.
• Additionally, Mr. McManus acquired a stock option award for 34,100 shares of Common Stock with an exercise price of $2.57 per share.
• This stock option award will vest in three equal installments: one-third (11,367 shares) on May 27, 2026, and an additional one-third on May 27, 2027, and May 27, 2028, also subject to his continued service.
• Following these transactions, Mr. McManus directly beneficially owns 581,965 shares of Common Stock.

Sentiment

Score: 6

Explanation: The grant of equity awards to a director is a standard compensation practice that aligns management's interests with shareholders, which is generally a positive signal for corporate governance and long-term value creation, despite minor potential dilution.

Positives

• The equity grants align the interests of Director Michael A. McManus Jr. with those of shareholders, as future vesting is contingent on continued service and potential stock price appreciation.
• The grants are part of the Issuer's 2023 Equity Incentive Plan, indicating a structured approach to executive and director compensation.

Negatives

• The issuance of new equity (RSUs and options) could lead to minor dilution for existing shareholders upon vesting and exercise, although this is a standard component of equity compensation plans.

Risks

• The vesting of both RSU and stock option awards is subject to the Reporting Person's continued service through each vesting date, meaning the full benefit is not guaranteed if service ceases.

Future Outlook

NA

Management Comments

• "Represents shares of Common Stock underlying a time-based vesting restricted stock unit ('RSU') award granted on May 27, 2025 under the Issuer's 2023 Equity Incentive Plan."
• "One-third, or 22,733 shares of the 68,200 total number of shares, of the RSU award vested on May 27, 2025 and an additional one-third of the total number of shares will vest on May 27, 2026 and May 27, 2027, subject to the Reporting Person's continued service through each vesting date."
• "Represents shares of Common Stock underlying a time-based vesting stock option award granted on May 27, 2025 under the Issuer's 2023 Equity Incentive Plan."
• "The stock option will vest as to one-third, or 11,367 shares of the 34,100 total number of shares on May 27, 2026 and an additional one-third of the total number of shares will vest on May 27, 2027 and May 27, 2028, subject to the Reporting Person's continued service through any vesting date."

Industry Context

NA

Corporate Governance

Related Party Transactions

• The grant of Restricted Stock Units and Stock Options to Michael A. McManus Jr., a Director and 10% Owner, constitutes a related party transaction as it involves compensation to an insider.

Stakeholder Impact

• Shareholders: Potential for minor dilution from the issuance of new shares upon RSU vesting and option exercise, but also improved alignment of director interests with shareholder value creation.
• Employees: The 2023 Equity Incentive Plan, under which these awards were granted, may also benefit other employees, fostering a performance-driven culture.

Next Steps

• Continued vesting of RSU awards on May 27, 2026, and May 27, 2027.
• Continued vesting of stock option awards on May 27, 2026, May 27, 2027, and May 27, 2028.

Key Dates

Keywords

United States Antimony Corp, UAMY, SEC Form 4, Insider Transaction, Restricted Stock Units, RSU, Stock Options, Equity Incentive Plan, Director Compensation, Beneficial Ownership, Equity Grant