Chan Jeffrey 4

What Happened
Jeffrey Chan, Vice President — Finance of McEwen Inc. (MUX), had restricted stock units (RSUs) convert/vest on June 28, 2026. Two grants vested: 1,266 RSUs from the Aug 11, 2025 grant and 533 RSUs from the Sept 8, 2025 grant (total 1,799 RSUs). Of those, 678 and 285 shares (963 total) were settled for cash to cover withholding obligations, and the remaining 588 and 248 shares (836 total) were issued to Chan. The Form 4 shows the derivative conversion entries at $0.00 (conversion) with the resulting shares either acquired (issued) or disposed/cash‑settled.

Key Details

• Transaction date: June 28, 2026 (reported on Form 4 filed June 30, 2026). Filing appears timely.
• Grants and vesting: 1,266 RSUs (granted Aug 11, 2025) and 533 RSUs (granted Sept 8, 2025) vested.
• Shares issued to insider: 588 + 248 = 836 shares.
• Shares cash‑settled/withheld for taxes: 678 + 285 = 963 shares.
• Reported prices: conversion/derivative lines shown at $0.00; acquisition lines listed as N/A (typical for non‑cash vesting/settlement). Transaction code M indicates exercise/conversion of a derivative security.
• Footnotes: F1–F3 confirm each RSU represents a contingent right to one share (or cash in the issuer’s discretion), grant dates above, and the numbers settled for cash.
• Shares owned after transaction: not specified in the summary provided in this request.

Context

• These entries reflect RSU vesting and cash settlement for tax withholding (a routine compensation event), not an open‑market purchase or investment sale. The cash settlement is effectively a cashless/withholding action to satisfy taxes rather than a discretionary sale by the insider.
• For retail investors: purchases by insiders are often viewed as a stronger signal than routine vesting or tax withholdings. This filing documents compensation vesting and withholding, not a timed buy or sell decision.