Silver Bow Mining (SBMT) President Stiles Avery Receives 50,000 Options

What Happened

• Stiles Douglas Avery, President of Silver Bow Mining Corp. (SBMT), was granted 50,000 derivative securities on 2026-08-26. The filing reports an acquisition at $0.00 (no cash paid at grant) and identifies the award as stock options. This is a grant/award transaction (code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-08-26; Filing date: 2026-08-28 (appears filed within the standard 2-business-day window).
• Reported acquisition: 50,000 stock options; reported price $0.00 (no cash exchanged at grant).
• Shares owned after transaction: Not disclosed in the provided filing details.
• Footnote: Options vest one-third on the first anniversary of the grant and one-third on each subsequent anniversary, subject to continued service.
• Transaction type: Derivative award (stock options), not an immediate exercise or sale.

Context

• This was an equity award to an insider (not a sale), typically used for compensation and retention. The grant itself does not represent an immediate cash commitment by the insider and does not indicate whether or when the options will be exercised or sold. The vesting schedule means the options become exercisable in installments over three years, contingent on continued service.