El-Erian Anna 4

What Happened Anna El-Erian, a director of Sunshine Silver Mining & Refining Co. (SSMR), made an open‑market purchase of 40,000 common shares on 2026-06-05 at $13.50 per share for a total of $540,000. On the same date she was also granted 8,929 restricted stock units (RSUs) valued at $0 at grant (contingent rights to shares subject to vesting). The open‑market purchase is a direct buy (P) while the RSU grant is reported as an award (A).

Key Details

• Transaction dates: both transactions reported for 2026-06-05; Form 4 filed 2026-06-08.
• Open‑market purchase: 40,000 shares at $13.50 each = $540,000.
• Award/grant: 8,929 RSUs granted at $0.00 reported value.
• Shares owned after transaction: not specified in the provided Form 4 excerpt (see the full filing for total beneficial ownership).
• Footnote: RSUs (F1) vest in full on the earlier of (i) the one‑year anniversary of the grant or (ii) the day before the issuer’s 2027 Annual Meeting, subject to continued board service.
• Filing timeliness: Form 4 was filed on 2026-06-08 reporting 2026-06-05 transactions; no late filing flag indicated.

Context

• The RSUs are a contingent award (not immediately issued shares) and will convert to common stock only upon vesting and continued service as described in the footnote.
• The open‑market purchase is a straightforward buy (P) and represents a cash investment by the director; purchases are often watched by investors as a potential positive signal but do not alone indicate future performance or insider intent.