Key facts
- This page summarizes Electrum Silver US LLC's Form 4 filing for Gatos Silver, Inc..
- 2 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 21 Jan 2025, 14:33.
Electrum Silver US LLC - 16 Jan 2025 Form 4 Insider Report for Gatos Silver, Inc.
- Reporting relationship
- 10%+ Owner
- Issuer ticker
- N/A
- Reported as of
- 16 Jan 2025
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 21 Jan 2025, 14:33:04 UTC
- Prior SEC filing
- 20 Aug 2021
- Source filing
- View source filing
- Reporting owner signature
- The Electrum Group LLC, By: /s/ Michael H. Williams, Name/Title: Michael H. Williams, Senior Managing Director
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Electrum Silver US LLC filed Form 4 for Gatos Silver, Inc. on 21 Jan 2025.
Change
- Previous filing in this sequence was filed on 20 Aug 2021.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
GATO
transaction
Common Stock
Other
- Transaction value
- $0
- Shares
- -17,894,672
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 16 Jan 2025
- Ownership
- Direct
- Footnotes
- F1, F2, F4
GATO
transaction
Common Stock
Other
- Transaction value
- $0
- Shares
- -4,109,704
- Change %
- -100%
- Price
- $0.000000
- Shares after
- 0
- Date
- 16 Jan 2025
- Ownership
- Direct
- Footnotes
- F1, F3, F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Electrum Silver US LLC is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 4 footnotes
Footnote F1
Represents shares of common stock of Gatos Silver, Inc. (the "Company"), disposed of as a result of the merger (the "Merger") contemplated by the Agreement and Plan of Merger, dated as of September 5, 2024 (the "Merger Agreement"), by and among the Company, Ocelot Transaction Corporation and First Majestic Silver Corp. ("First Majestic"). Pursuant to the Merger Agreement, the reporting persons have the right to exchange each share of the Company's common stock owned immediately prior to the effective time of the Merger for 2.55 First Majestic common shares, with any fractional shares to be paid in cash, without interest. On January 15, 2025, the day prior to the Merger, the closing price of First Majestic common shares was $5.64 per share.
Footnote F2
These securities were owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. As a result, ESM, Global Holdco, TEG Global and TEG may be deemed to have beneficially owned shares of the Company's common stock held by ESUS.
Footnote F3
These securities were owned directly by Electrum Silver US II LLC ("ESUS II"). Electrum Strategic Opportunities Fund II L.P. ("ESOF II") owns 99% of ESUS II, and ESM is the manager of ESUS II. ESM is wholly owned by Global Holdco, and TEG Global is the general partner of Global Holdco. The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). ESOF II GP is wholly owned by Global Holdco. TEG acts as an investment advisor to ESOF II. As a result, ESOF II, ESM, Global Holdco, TEG Global, ESOF II GP L.P. and ESOF II GP may be deemed to have beneficially owned shares of the Company's common stock held by ESUS II.
Footnote F4
For purposes of Section 16 of the Securities Exchange Act of 1934, as amended, each reporting person disclaims beneficial ownership of these securities, except to the extent of its pecuniary interest therein, if any, and this report shall not be deemed an admission that such reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.