Chan Jeffrey 4/A

What Happened

• Jeffrey Chan, VP — Finance at McEwen Inc. (MUX), had 533 restricted stock units (RSUs) vest on December 20, 2025. Of those, 285 RSUs were settled for cash (tax/cash settlement) and 248 RSUs converted into 248 shares delivered to Chan. The Form 4 reports the conversion/exercise of the derivative rights (code M) and a cash settlement for a portion of the vested units. No open-market purchase or sale of shares is reported and no dollar values were provided in the filing.

Key Details

• Transaction date: December 20, 2025 (reported via amended Form 4 filed June 30, 2026; original Form 4 was filed December 23, 2025)
• Moves reported: 533 RSUs vested; 285 settled for cash; 248 issued to the reporting person
• Prices: shares acquired listed as N/A; disposed line shows $0 (reflecting non‑cash-market settlement), no sale proceeds reported
• Shares owned after transaction: not specified in the amendment
• Footnotes: F1 clarifies each RSU represents a contingent right to one share or cash; F2 confirms grant date (Sept 8, 2025), vesting (Dec 20, 2025) and that remaining RSUs vest June 28, 2026
• Amendment note: This filing corrects an administrative error in the original Dec 23, 2025 Form 4 that overstated the number of RSUs settled for cash and shares granted

Context

• This was a routine vesting and settlement of RSUs (derivative conversion), not an open-market trade; settling RSUs for cash to cover taxes is common and doesn’t necessarily indicate a change in insider sentiment. The amendment simply corrects previously reported counts.