Perry Ing - 20 Dec 2025 Form 4 Insider Report for McEwen Inc. (MUX)

Role: Chief Financial Officer
Signature: /s/ Perry Ing
Issuer symbol: MUX
Transactions as of: 20 Dec 2025
Net transactions value: $0
Form type: 4
Filing time: 23 Dec 2025, 16:53:30 UTC
Previous filing: 12 Nov 2025
SEC: View on sec.gov

Reporting Owners (1)

Name	Relationship	Address	Signature	Signature date	CIK
Ing Perry	Chief Financial Officer	C/O MCEWEN INC., 150 KING STREET WEST, SUITE 2800, TORONTO, ONTARIO, CANADA	/s/ Perry Ing	23 Dec 2025	0001429244

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MUX	Common Stock	Options Exercise		+2,203	+5.2%		44,272	20 Dec 2025	Direct	F1
transaction	MUX	Common Stock	Options Exercise		+1,083	+2.4%		45,355	20 Dec 2025	Direct	F1
transaction	MUX	Common Stock	Options Exercise		+867	+1.9%		46,222	20 Dec 2025	Direct	F1
transaction	MUX	Common Stock	Options Exercise		+372	+0.8%		46,594	20 Dec 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	Restricted Stock Units	Options Exercise	$0	-4,740	-50%	$0.000000	4,740	20 Dec 2025	Common Stock	4,740		Direct	F1, F2
transaction	MUX	Restricted Stock Units	Options Exercise	$0	-2,330	-33%	$0.000000	4,660	20 Dec 2025	Common Stock	2,330		Direct	F1, F3
transaction	MUX	Restricted Stock Units	Options Exercise	$0	-1,866	-50%	$0.000000	1,866	20 Dec 2025	Common Stock	1,866		Direct	F1, F4
transaction	MUX	Restricted Stock Units	Options Exercise	$0	-800	-50%	$0.000000	800	20 Dec 2025	Common Stock	800		Direct	F1, F5

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

Explanation of Responses:

Id	Content
F1	Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock, or the cash value thereof as set forth in the award agreement, in the discretion of the Issuer's Compensation, Nominating & Corporate Governance Committee.
F2	The restricted stock units were granted on June 29, 2025 and vested as to 4,740 shares on December 20, 2025, of which 2,537 shares settled for cash. The restricted stock units will vest as to the remaining shares on June 29, 2026.
F3	The restricted stock units were granted on November 10, 2025 and vested as to 2,330 shares on December 20, 2025, of which 1,247 shares settled for cash. The restricted stock units will vest as to the remaining shares in two equal installments on each of June 29, 2026 and December 20, 2026.
F4	The restricted stock units were granted on August 11, 2025. Subsequently, the vesting schedule of the restricted stock units was amended to accelerate the second vesting event from December 28, 2025 to December 20, 2025. Accordingly, the restricted stock units vested as to 1,866 shares on December 20, 2025, of which 999 shares settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.
F5	The restricted stock units were granted on September 8, 2025. Subsequently, the vesting schedule of the restricted stock units was amended to accelerate the second vesting event from December 28, 2025 to December 20, 2025. Accordingly, the restricted stock units vested as to 800 shares on December 20, 2025, of which 428 shares settled for cash. The restricted stock units will vest as to the remaining shares on June 28, 2026.