Luis Felipe Huerta - May 27, 2021 Form 4 Insider Report for Gatos Silver, Inc. (GATO)

Role
Vice President, Mexico
Signature
/s/ Adam Dubas, Attorney-in Fact for Luis Felipe Huerta
Stock symbol
GATO
Transactions as of
May 27, 2021
Transactions value $
-$326,833
Form type
4
Date filed
6/1/2021, 04:01 PM
Previous filing
May 27, 2021
Next filing
Jun 7, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GATO Common Stock Options Exercise $138K +19.7K $7.00 19.7K May 27, 2021 Direct
transaction GATO Common Stock Options Exercise $110K +15.8K +80.13% $7.00 35.5K May 27, 2021 Direct
transaction GATO Common Stock Options Exercise $2.7K +300 +0.85% $9.00 35.8K May 27, 2021 Direct
transaction GATO Common Stock Sale -$578K -35.8K -100% $16.15 0 May 27, 2021 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
transaction GATO Employee Stock Option (Right to Buy) Options Exercise $0 -19.7K -100% $0.00* 0 May 27, 2021 Common Stock 19.7K $7.00 Direct F2
transaction GATO Employee Stock Option (Right to Buy) Options Exercise $0 -15.8K -100% $0.00* 0 May 27, 2021 Common Stock 15.8K $7.00 Direct F3
transaction GATO Employee Stock Option (Right to Buy) Options Exercise $0 -300 -0.92% $0.00 32.2K May 27, 2021 Common Stock 300 $9.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $16.15 to $16.20, inclusive. The reporting person undertakes to provide to Gatos Silver, Inc. (the "Issuer"), any shareholder of the Issuer, or the staff of the Securities Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (1) to this Form 4.
F2 These options were granted on May 15, 2015 and are fully vested.
F3 The options were granted on December 23, 2015 and are fully vested.
F4 The options were granted on August 31, 2017 and November 20, 2017 and are fully vested.