Silver Bow Mining (SBMT) CFO Wade Newton Receives Option Award

What Happened

• Wade Newton, Chief Financial Officer of Silver Bow Mining Corp. (SBMT), was granted 15,000 derivative shares (stock options) on 2026-05-19. The Form 4 reports an acquisition price of $0.00 per share (total $0 as reported) under transaction code A (award/grant). This is a grant of equity compensation, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-05-19; Form 4 filed: 2026-05-20.
• Instrument: 15,000 derivative shares (stock options) acquired at $0.00 per share (reported value $0).
• Vesting: Footnote states options vest one-third on the first anniversary of the grant and one-third on each subsequent anniversary, subject to continued service.
• Shares owned after transaction: Not disclosed in the provided filing data.
• Filing timeliness: Filed the day after the reported transaction; not indicated as late in the provided information.
• Transaction code: A = Award/Grant.

Context

• This was an equity compensation grant (options) to an executive — not an immediate purchase or sale of common stock. Because the award vests over three years, the economic benefit depends on future vesting and any exercise terms; the Form 4 lists the grant as a derivative acquisition rather than an immediate stock transfer. Equity grants to executives are common for retention and incentive purposes and do not by themselves indicate a buy or sell signal.