Jerrard Ross Ian 4

What Happened
Jerrard Ross Ian, Chief Financial Officer of Caledonia Mining Corp Plc (CMCL), acquired 2,062 shares on April 1, 2026 at $22.59 per share, a total value of $46,581. The Form 4 shows two related entries: an award/acquisition (code A) and an exercise/conversion of a derivative (code M) for the same 2,062 shares and value. This was an acquisition (receipt of shares), not a sale.

Key Details

• Transaction date: 2026-04-01; Filing date (Form 4): 2026-04-02 (timely).
• Price and size: 2,062 shares at $22.59 each; total value $46,581.
• Transaction codes reported: A (award/acquisition) and M (exercise/conversion of derivative).
• Shares owned after transaction: not disclosed in the Form 4 provided.
• Footnotes: F1 — shares issued on vesting increased due to dividend reinvestment. F2 — RSUs were originally granted 1 Apr 2023 and vest in thirds on the first business day in April 2026, 2027 and 2028 (subject to adjustments and closed periods).

Context
The filing indicates these shares resulted from a scheduled RSU vesting and associated conversion/settlement of the derivative, rather than an open-market purchase or sale. There is no indication the shares were immediately sold; this looks like compensation-related vesting (routine insider acquisition).