Khunkhun Shawn 4

What Happened Shawn Khunkhun, President and Director of Contango Silver & Gold (CTGO), exercised 20,650 stock options on April 8, 2026 at an exercise price of $12.46 per share (cost = $257,299). The Form 4 also reports a matching disposition of 20,650 derivative shares (same price and value). The exercise (code M) reflects acquisition of shares via option exercise; the simultaneous disposition of the derivative position indicates the exercised position was immediately offset or transferred.

Key Details

• Transaction date: 2026-04-08
• Exercise details: 20,650 options exercised at $12.46/share; total reported value $257,299
• Disposition: 20,650 derivative shares reported disposed (same price/value)
• Shares owned after transaction: not specified in the provided filing details
• Footnotes:
  • F1: These options were originally issued to Dolly Varden Silver Corp. and were assumed by Contango in connection with Contango’s acquisition of Dolly Varden; the assumed options are fully vested.
  • F2: On April 2, 2026 the reporting person was granted 36,000 options that vest over two years (half on 4/2/2027, half on 4/3/2028).
• Timeliness: No late-filing flag was indicated in the provided data

Context This filing shows an option exercise (acquisition) immediately paired with a derivative disposition of the same size and value. That pattern is commonly a cashless exercise or a sale/transfer to cover exercise costs or taxes, but the Form 4 here does not specify the exact mechanism. Such routine option-exercise transactions are common and do not, by themselves, signal a change in the insider’s view of the company.