Nauman Clynton R. 4

What Happened

• Nauman Clynton R., a director of Contango Silver & Gold Inc. (CTGO), acquired 10,000 shares in an open-market purchase on April 1, 2026. The purchase price was $18.56 per share, for a total transaction value of $185,600.
• This was a straight purchase (transaction code P), which investors often view as a more informative signal than routine insider sales.

Key Details

• Transaction date: 2026-04-01
• Transaction type: Open-market purchase (Code P)
• Price per share: $18.56
• Shares acquired: 10,000
• Total value: $185,600
• Shares owned after transaction: Not specified in the filing
• Footnotes/plans: No 10b5-1 plan, tax withholding, or other footnotes were disclosed in the filing
• Timeliness: Filed on 2026-04-07 — this Form 4 was submitted late relative to the trade date; late filings can reduce the usefulness of the disclosure for timely decision-making

Context

• This was a direct share purchase, not an option exercise, gift, or award. Purchases by insiders are commonly watched by retail investors as one data point on insider confidence, but they do not by themselves prove future company performance.
• No additional explanatory details were provided in the filing, so there’s no indication of a prearranged trading plan or other special circumstances.