Silver Bow (SBMT) VP Douglas Avery Receives 36,000-Share Award

What Happened

• Douglas Avery, Vice President of Regulatory & External Affairs at Silver Bow Mining Corp. (SBMT), was granted 36,000 derivative shares in the form of stock options on 2026-05-19. The grant price reported is $0.00, so no cash was paid by the insider; reported value at grant is $0 on the Form 4 (derivative security).

Key Details

• Transaction date: 2026-05-19; filing date: 2026-05-20 (filed the next day).
• Instrument: 36,000 stock option awards (derivative securities) — grant reported with $0.00 price.
• Vesting: Options vest one-third on the first anniversary of the grant and one-third on each subsequent anniversary, subject to continued service (footnote).
• Shares owned after transaction: Not specified in the supplied filing details.
• Timeliness: Filing appears timely (filed one day after the transaction).

Context

• This was a compensation grant (stock options), not an open-market purchase or sale. Options typically do not convey immediate market exposure until vested and exercised, so this does not indicate an immediate buy or sell by the insider.
• Such grants are common for employee retention and compensation; they should be tracked alongside future vesting and any eventual exercises or sales.