Timothy T. Barry - May 24, 2023 Form 4 Insider Report for SILVER BULL RESOURCES, INC. (SVBL)

Role: Chief Executive Officer, Director
Signature: /s/ Timothy T. Barry
Stock symbol: SVBL
Transactions as of: May 24, 2023
Transactions value $: $0
Form type: 4
Date filed: 5/26/2023, 01:51 PM
Previous filing: Mar 10, 2023
Next filing: Oct 31, 2023

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	SVBL	Common Stock	Other		-167K	-16.94%		820K	May 24, 2023	Direct	F1
holding	SVBL	Common Stock						319K	May 24, 2023	By spouse	F2

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

Explanation of Responses:

Id	Content
F1	On March 9, 2023, Silver Bull Resources, Inc. ("Silver Bull" or the "Issuer") issued 448,718 shares of Silver Bull common stock to the reporting person. The Issuer subsequently decided to pay the reporting person an amount in cash in lieu of 167,308 of the 448,718 shares of Silver Bull common stock previously issued to the reporting person. As a result, the Issuer rescinded the issuance of 167,308 shares of Silver Bull common stock that were previously issued to the reporting person.
F2	The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

Content

On March 9, 2023, Silver Bull Resources, Inc. ("Silver Bull" or the "Issuer") issued 448,718 shares of Silver Bull common stock to the reporting person. The Issuer subsequently decided to pay the reporting person an amount in cash in lieu of 167,308 of the 448,718 shares of Silver Bull common stock previously issued to the reporting person. As a result, the Issuer rescinded the issuance of 167,308 shares of Silver Bull common stock that were previously issued to the reporting person.

The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.