Pablo Castanos - Jul 1, 2023 Form 3 Insider Report for Golden Minerals Co (AUMN)

Role: Executive Vice President
Signature: /s/ Pablo Castanos
Stock symbol: AUMN
Transactions as of: Jul 1, 2023
Transactions value $: $0
Form type: 3
Date filed: 7/5/2023, 05:49 PM
Next filing: Jul 3, 2024

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	AUMN	Units							Jul 1, 2023	Common Stock	40K		Direct	F1

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

Explanation of Responses:

Id	Content
F1	The Units were granted pursuant to the Golden Minerals Company 2023 Equity Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive, on the applicable payment date, a settlement amount measured generally by the price of Golden Minerals Company (the "Company") common stock on the settlement date. The settlement amount may be paid in cash or in Company stock granted pursuant to the Plan or another plan that may in the future be approved by the Company's stockholders. Payment of the settlement amount in respect of the reporting person's vested Units is deferred generally until the earlier of a change of control of the Company as described in the Plan and the date the reporting person ceases to serve as an officer or employee of the Company. The Units were granted on July 1, 2023. 1/2 will vest on each of the two succeeding anniversaries of the grant date.

Content

The Units were granted pursuant to the Golden Minerals Company 2023 Equity Incentive Plan (the "Plan"). Each Unit represents a contingent right to receive, on the applicable payment date, a settlement amount measured generally by the price of Golden Minerals Company (the "Company") common stock on the settlement date. The settlement amount may be paid in cash or in Company stock granted pursuant to the Plan or another plan that may in the future be approved by the Company's stockholders. Payment of the settlement amount in respect of the reporting person's vested Units is deferred generally until the earlier of a change of control of the Company as described in the Plan and the date the reporting person ceases to serve as an officer or employee of the Company. The Units were granted on July 1, 2023. 1/2 will vest on each of the two succeeding anniversaries of the grant date.