Burgauer James 4

What Happened
James Burgauer, a reported 10% owner of MINERALRITE Corp (RITE), exercised stock options on 2026-06-08 and acquired a total of 350 shares at an exercise price of $120.00 per share, for a combined outlay of $42,000. The Form 4 was filed on 2026-06-09.

Key Details

• Transaction date(s): 2026-06-08 (two separate derivative exercise entries of 175 shares each)
• Price per share: $120.00; Total paid: $42,000 (350 × $120)
• Transaction code: M (option exercise)
• Shares owned after transaction: Not disclosed on the filing
• Filing timeliness: Form 4 filed the day after the transaction (timely)
• Insider status note: Burgauer is reported as a 10% owner (beneficial owner)

Context
This was an exercise of options (derivative conversion) rather than an open-market purchase or sale. The filing does not show any immediate sale of the acquired shares (no cashless or sell-to-cover reported), so the shares appear to have been taken into ownership. As a 10% owner, Burgauer’s activity is ownership-level insider reporting rather than routine executive trading; it’s factual disclosure, not a commentary on company prospects.