Bardswich Lloyd 4

What Happened

• Bardswich Lloyd, a director and the EVP & Chief Mining Engineer of United States Antimony Corp (UAMY), received equity awards on January 15, 2026: restricted stock units (RSUs) covering 73,086 shares and a stock option award covering 92,440 shares. No price per share is listed for these derivative awards (reported as N/A). These are grants (compensation), not open-market purchases or sales.

Key Details

• Transaction date: January 15, 2026; Form 4 filed January 29, 2026 (appears to be a late filing relative to the usual 2-business-day deadline).
• RSUs: 73,086 underlying shares (one-third = 24,362 shares vest on Jan 15, 2026; remaining thirds vest Jan 15, 2027 and Jan 18, 2028), subject to continued service. (See footnote F1.)
• Options: 92,440 underlying shares subject to vesting upon satisfaction of specified performance measures at any time during the award’s 10-year term, and subject to continued service. (See footnote F2.)
• Shares owned after transaction: Not specified in the provided filing.
• Filing code: A = Award/Grant; derivative transactions (no immediate cash proceeds or open-market trades reported).
• No indication in the filing of tax withholding, 10b5-1 plan, or immediate sales of vested shares.

Context

• RSUs and performance-based options are common forms of executive compensation; they do not represent a market buy or sell and may vest only with continued employment and/or achievement of performance goals. Because the RSU includes an immediate one-third vest on the grant date, a portion may convert to common stock soon (subject to plan mechanics), while the option requires meeting performance criteria before vesting.
• The Form 4 appears to have been filed late, which reduces short-term transparency for investors and can attract regulatory or shareholder attention, but the grant itself is a routine compensation action rather than an explicit market signal.