Black Wade Newton 4

What Happened
Black Wade Newton, Chief Financial Officer of Silver Bow Mining Corp. (SBMT), acquired 5,000 shares on 2026-05-26 in an open-market purchase. The reported weighted-average price was $8.50 per share, for a total reported acquisition value of $42,503. This is a purchase (insider buy), which some investors view as a potentially positive signal.

Key Details

• Transaction type: Purchase (code P) — open-market or private purchase per filing.
• Transaction date: 2026-05-26; Form 4 filed 2026-05-27 (filed the next day).
• Price/amount: Weighted-average price $8.50; total reported cost $42,503.
• Footnote: The $8.50 is a weighted-average covering multiple trades with prices in the $8.43–$8.55 range; the filer will provide a per-trade breakdown on request.
• Shares owned after transaction: Not stated in the provided filing excerpt.
• No 10b5-1 plan, tax-withholding, or other special settlement language is indicated in the excerpt.

Context
Insider purchases can be of interest to retail investors as one data point on management’s view of company prospects. This is a modest-sized open-market buy by the CFO; by itself it does not prove a trend or guarantee future performance.