Dale Andres - 12 Jun 2024 Form 4 Insider Report for Gatos Silver, Inc. (GATO)

Role
CEO, Director
Signature
/s/ Stephen Bodley as Attorney-in-Fact for Dale Andres
Issuer symbol
GATO
Transactions as of
12 Jun 2024
Net transactions value
-$1,777,834
Form type
4
Filing time
12 Jun 2024, 20:08:00 UTC
Previous filing
27 Feb 2024
Next filing
11 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GATO Common Stock Tax liability $1,777,834 -160,890 -35% $11.05 299,839 12 Jun 2024 Direct F1

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
holding GATO Restricted Share Units 93,750 12 Jun 2024 Common Stock 93,750 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents shares withheld by the issuer to satisfy tax withholding obligations upon the settlement of vested restricted stock units (RSUs) previously granted to the reporting person.
F2 Each RSU represents a contingent right to receive one share of the issuer common stock, an equivalent amount of cash, or a combination thereof upon vesting.
F3 On January 15, 2024, the reporting person was granted a total of 93,750 RSUs, which vest on December 31, 2026. Such RSUs were previously reported in Table I of Form 4 by the reporting person. See Remarks below for additional information.

Remarks:

Effective June 11, 2024, the issuer and the reporting person executed an amendment (RSU Amendment) to the RSUs previously granted to the reporting person whereby the reporting person outstanding RSUs may, in addition to being settled in shares of the issuer common stock, outstanding RSUs may also, be settled in an equivalent amount of cash, or a combination of cash and shares. Accordingly, beginning with this Form 4, the reporting person outstanding RSUs that were previously reported in Table I of Form 4 as common stock equivalents are now reported in Table II of Form 4 as derivative securities.