Burgauer James 4

What Happened

• James Burgauer, a reported 10% owner of MINERALRITE Corp (RITE), exercised options (transaction code M) for 125 shares at an exercise price of $120.00 per share (acquired value $15,000) on 2026-03-10. The filing also shows a simultaneous disposal of 125 shares at $120.00 per share (reported disposal value $15,000) on the same date, indicating the exercised shares were immediately disposed.

Key Details

• Transaction date: 2026-03-10
• Transaction codes: M (exercise or conversion of derivative)
• Exercise: 125 shares @ $120.00 = $15,000 (acquired)
• Disposal: 125 shares @ $120.00 = $15,000 (disposed)
• Shares owned after transaction: not specified in the provided filing excerpt
• Filing timeliness: filed with accession date 2026-03-10 (same day as reported transaction), i.e., timely in this excerpt
• No footnotes (e.g., 10b5-1 plan or tax withholding) were provided in the data you shared

Context

• The paired "acquired" and "disposed" entries for the same share count and price on the same date typically reflect an exercise followed by an immediate sale or transfer of the resulting shares (commonly a cashless exercise or sale-to-cover), but the filing text should be checked for exact mechanics.
• As a 10% owner, Burgauer is a significant shareholder; these filings document changes in major ownership rather than routine insider (executive) trading.
• This transaction amount ($15,000) is relatively small compared with many insider trades and should be considered alongside other ownership and filing details.