Devine Darren Paul 4

What Happened
Darren (Devine Darren Paul), a director of Contango Silver & Gold Inc. (CTGO), exercised stock options to acquire 10,325 shares at an exercise price of $12.46 per share, representing $128,650 in consideration, on 2026-04-08. The filing also reports a matching disposition of a derivative instrument for the same 10,325-share amount and value. The transaction code “M” denotes an option exercise/conversion.

Key Details

• Transaction date: 2026-04-08; Form 4 filed: 2026-04-09 (filed timely).
• Exercise price and quantity: 10,325 shares @ $12.46; total consideration $128,650.
• Reported as both an acquisition (exercise) and a disposal of a derivative for the same amount.
• Shares owned after the transaction: not specified in this filing.
• Footnote: The options were originally issued to Dolly Varden Silver Corp. and were assumed by Contango as replacement options in connection with Contango’s acquisition of Dolly Varden; the options are fully vested.

Context

• Transaction code M = exercised options. The paired acquisition and disposition entries indicate the option was exercised and a related derivative position was disposed of; this often reflects a cashless or related settlement but the filing does not specify the exact settlement mechanics.
• This filing is factual disclosure of insider activity and does not by itself indicate the insider’s investment view.