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

Reporting relationship: VP Corporate Development
Issuer ticker: MUX
Reported as of: 19 Sep 2025
Net transaction value: -$165,031
SEC form: 4
Accepted by SEC: 19 Nov 2025, 18:50:40 UTC
Prior SEC filing: 10 Sep 2025
Next SEC filing: 19 Nov 2025
Source filing: View source filing
Reporting owner signature: /s/ Stephan Michael Spears

Key filing fact

Stephan Michael Spears filed Form 4 for McEwen Inc. (MUX) on 19 Nov 2025.

Key facts

This page summarizes Stephan Michael Spears's Form 4 filing for McEwen Inc. (MUX).
3 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 19 Nov 2025, 18:50.

Change

Previous filing in this sequence was filed on 10 Sep 2025.
Current net transaction value: -$165,031.

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

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001443450 Primary reporting owner

Spears Stephan Michael

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

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

MUX transaction

Common Stock

Options Exercise

Transaction value: $15,750
Shares: +12,600
Change %: +330%
Price: $1.25
Shares after: 16,414
Date: 19 Sep 2025
Ownership: Direct

MUX transaction

Common Stock

Sale

Transaction value: $180,781
Shares: -12,600
Change %: -77%
Price: $14.35
Shares after: 3,814
Date: 19 Sep 2025
Ownership: Direct
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

MUX transaction Derivative

Stock Option (right to buy)

Options Exercise

Transaction value: $0
Shares: -12,600
Change %: -100%
Price: $0.000000
Shares after: 0
Date: 19 Sep 2025
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 12,600
Exercise price: $1.25
Footnotes: F2

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 2 footnotes

Footnote 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.

Footnote F2

The option vested in three equal annual installments, beginning September 29, 2021.

SEC 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.