Van Nieuwenhuyse Rick 4
Research Summary
AI-generated summary
Contango ORE (CTGO) CEO Rick Van Nieuwenhuyse Sells 21,621 Shares
What Happened Rick Van Nieuwenhuyse, President & CEO and a director of Contango ORE, sold 21,621 shares on March 19, 2026. The reported weighted-average price was $17.92, resulting in proceeds of $387,448. According to the filing footnote, these shares were sold because restricted stock vested on March 19, 2026 and the sale covered tax obligations related to that vesting.
Key Details
- Transaction date: 2026-03-19 (reported on Form 4 filed 2026-03-20)
- Transaction type/code: Sale (S) — open market or private sale
- Shares sold: 21,621
- Weighted-average price: $17.92; sale prices ranged from $17.63 to $18.16 (per footnote)
- Proceeds: $387,448
- Reason given: Shares sold to satisfy tax withholding on vested restricted stock (footnote)
- Shares owned after transaction: Not stated in the provided excerpt of the filing
- Timeliness: Filing was submitted the next day (no late filing indicated)
Context This was a routine sale tied to tax withholding for vested restricted stock rather than an independent open-market disposition for investment purposes. Sales to cover taxes are common and do not necessarily indicate a change in an insider’s view of the company.