Shiell Kevin G 4

What Happened
Kevin G. Shiell, Chief Operating Officer of Silver Bow Mining Corp. (SBMT), received equity awards on May 19, 2026: 13,500 restricted stock units (RSUs) and 60,000 stock options. Both awards show an acquisition price of $0.00 (typical for compensation grants) — these were grants (transaction code A), not purchases or sales. The filing (Form 4) was submitted on May 21, 2026 and appears to be timely.

Key Details

• Transaction date: 2026-05-19; filing date: 2026-05-21 (timely).
• Grants: 13,500 RSUs @ $0.00 (value at grant $0) and 60,000 stock options @ $0.00 (derivative grant). Total units granted: 73,500.
• Shares owned after transaction: not specified in the filing.
• Footnote F1 (RSUs): 10,000 of the RSUs vest upon conditions determined by the issuer's board; 3,500 vest six months after completion of an initial public offering.
• Footnote F2 (options): Options vest one-third on the first anniversary of the grant and one-third on each subsequent anniversary, subject to continued service.
• Transaction code: A = Award/Grant. No sale or exercise occurred.

Context
These are compensation awards, not sales or exercises. The 60,000 units are option grants (derivative) and do not represent exercised or sold shares — they vest over time and would require exercise to convert to stock. RSUs will convert to shares only as they vest per the board-determined conditions and the IPO-related timing noted. Such grants are common executive compensation and do not by themselves indicate a buy/sell signal.