Brissenden Richard W. 4

What Happened

• Richard W. Brissenden, a director of McEwen Inc. (MUX), exercised options to acquire 8,333 common shares on June 29, 2026 at a strike price of $7.10 per share (cost = $59,164). On the same day he sold 3,275 shares in an open-market transaction at a weighted-average price of $18.13 per share (proceeds ≈ $59,372).
• The Form 4 also reports a derivative disposal of 8,333 shares at $0, which reflects the conversion/settlement of the option position upon exercise.

Key Details

• Date of transactions: June 29, 2026; Form 4 filed July 1, 2026 (within the typical two-business-day reporting window).
• Exercise: 8,333 shares acquired at $7.10 each (total $59,164).
• Sale: 3,275 shares sold at a weighted-average $18.13 each (total ≈ $59,372); reported sale prices ranged from $18.07 to $18.19 (see footnote F1).
• Ownership after transaction: not specified in the supplied filing excerpt.
• Footnotes:
  • F1: Weighted-average sale price; the seller will provide breakdown of shares sold at each price on request.
  • F2: The option vested in three equal annual installments, beginning June 29, 2024.
• Transaction codes: M = option exercise (and derivative conversion); S = open-market sale.

Context

• This filing shows an option exercise combined with an immediate sale of some shares on the same day. The exercise required cash outlay ($59k) and the sale produced roughly similar proceeds ($59k). This pattern is common when insiders exercise vested options and sell some shares the same day, but the filing itself does not state the insider's motivation.
• For retail investors: option exercises (acquisitions) are direct insider purchases of company stock, while sales are often routine cash-management or tax-related transactions; both are disclosed here.