Contango Silver & Gold CFO Clark Michael Aaron Sells 1,289 Shares
$CTGO · Contango Silver & Gold Inc.Research Summary
AI-generated summary of this SEC filing
Contango Silver & Gold CFO Clark Michael Aaron Sells 1,289 Shares
What Happened Clark Michael Aaron, Chief Financial Officer of Contango Silver & Gold Inc. (CTGO), sold 1,289 shares on August 19, 2026, for a total of approximately $26,992. The filing reports a weighted average price of $20.94 per share (sales occurred in multiple trades at prices between $20.91 and $21.01). According to the filing, the shares sold were from restricted stock that vested on August 18, 2026, and the proceeds covered taxes owed on that vesting.
Key Details
- Transaction date: 2026-08-19 (reported same day).
- Transaction type/code: Sale (S); weighted average price $20.94; price range $20.91–$21.01 across multiple trades.
- Total value: ~$26,992.
- Reason / footnote: Shares sold to cover tax withholding for restricted stock that vested on Aug 18, 2026 (see footnote F1). The reporting person offered to provide a breakdown of quantities sold at each price upon request.
- Shares owned after transaction: Not specified in the excerpt of this Form 4.
- Timeliness: Filing date equals the report period (2026-08-19); not flagged as late.
Context This sale is reported as tax-related disposition of vested restricted stock rather than a market-timing purchase or sale. Such transactions are common when restricted awards vest and taxes are due; they do not, by themselves, indicate a change in the insider’s long-term view of the company.