Christopher Richards - 17 Feb 2022 Form 4 Insider Report for SILVER BULL RESOURCES, INC. (SVBL)

Role: Chief Financial Officer
Signature: /s/ Christopher Richards
Issuer symbol: SVBL
Transactions as of: 17 Feb 2022
Transactions value $: $0
Form type: 4
Filing time: 22 Feb 2022, 15:28:34
Next filing: 10 Mar 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SVBL	Common Stock	Award	$0	+133K	+830.08%	$0.00	149K	17 Feb 2022	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	SVBL	Stock Option (Right to Buy)	Award	$0	+550K		$0.00	550K	17 Feb 2022	Common Stock	550K	$0.25	Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Options were priced in CDN$ at CDN$0.32. Exercise price shown is in US$ and was converted based on the foreign currency exchange rate as of February 16, 2022 (CDN$1.00=US$0.7883).
F2	This option to purchase common stock vests in three (3) annual installments of 183,333, 183,333, and 183,334. The first installment vests on the date of grant, the second installment vests on February 17, 2023, and the third installment vests on February 17, 2024.