Stephan Michael Spears - 19 Sep 2025 Form 4 Insider Report for McEwen Inc. (MUX)

Signature
/s/ Stephan Michael Spears
Issuer symbol
MUX
Transactions as of
19 Sep 2025
Net transactions value
-$165,031
Form type
4
Filing time
19 Nov 2025, 18:50:40 UTC
Previous filing
10 Sep 2025
Next filing
19 Nov 2025

Reporting Owners (1)

Name Relationship Address Signature Signature date CIK
Spears Stephan Michael VP Corporate Development C/O MCEWEN INC., 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO, CANADA /s/ Stephan Michael Spears 19 Nov 2025 0001443450

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction MUX Common Stock Options Exercise $15,750 +12,600 +330% $1.25 16,414 19 Sep 2025 Direct
transaction MUX Common Stock Sale $180,781 -12,600 -77% $14.35 3,814 19 Sep 2025 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 MUX Stock Option (right to buy) Options Exercise $0 -12,600 -100% $0.000000 0 19 Sep 2025 Common Stock 12,600 $1.25 Direct F2
* 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. The Reporting Person sold shares in multiple transactions at prices ranging from $13.71 to $14.65. The Reporting Person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth herein.
F2 The option vested in three equal annual installments, beginning September 29, 2021.

Remarks:

This Form 4 reports the exercise of an option granted in 2020 that was nearing its September 28 expiration date. The number of stock options and underlying shares of common stock reported herein have been adjusted to account for the Issuer's 10-for-1 reverse stock split that became effective on July 28, 2022.