AG˹ٷ

STOCK TITAN

[Form 4] GOLDEN MINERALS CO Insider Trading Activity

Filing Impact
(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Golden Minerals Co. (AUMN) � Form 4 insider filing

Director Kevin R. Morano reported the grant of 175,000 restricted stock units (RSUs) on 24 June 2025 under the company’s Amended and Restated 2023 Equity Incentive Plan. The RSUs were issued at a stated price of $0 and are classified as an acquisition (transaction code “A�).

After the award, Morano’s total beneficial ownership rose to 304,773 shares/units, comprised of the newly granted 175,000 RSUs, 129,493 previously reported RSUs, and 280 shares of common stock held directly.

No open-market purchases, sales, or derivative exercises were disclosed, and the filing does not reference any 10b5-1 trading plan. As this is a routine compensation grant rather than a cash-funded purchase, the signalling value for outside investors is limited. Nevertheless, the additional equity modestly increases management–shareholder alignment without causing dilution beyond what was already authorized in the equity plan.

Golden Minerals Co. (AUMN) � Comunicazione interna Form 4

Il direttore Kevin R. Morano ha comunicato la concessione di 175.000 unità azionarie vincolate (RSU) il 24 giugno 2025, nell'ambito del Piano di Incentivazione Azionaria Emendato e Ristabilito 2023 della società. Le RSU sono state assegnate a un prezzo nominale di $0 e sono classificate come acquisizione (codice transazione “A�).

Dopo l'assegnazione, la proprietà beneficiaria totale di Morano è salita a 304.773 azioni/unità, comprendendo le 175.000 RSU appena concesse, 129.493 RSU precedentemente segnalate e 280 azioni ordinarie detenute direttamente.

Non sono state dichiarate operazioni di acquisto o vendita sul mercato aperto né esercizi di strumenti derivati, e la comunicazione non fa riferimento a un piano di trading 10b5-1. Poiché si tratta di una normale assegnazione di compensi e non di un acquisto finanziato in contanti, il valore di segnalazione per gli investitori esterni è limitato. Tuttavia, l'incremento di equity rafforza moderatamente l'allineamento tra management e azionisti, senza causare diluizione oltre quanto già autorizzato dal piano azionario.

Golden Minerals Co. (AUMN) � Presentación interna Formulario 4

El director Kevin R. Morano informó la concesión de 175,000 unidades de acciones restringidas (RSU) el 24 de junio de 2025 bajo el Plan de Incentivos de Acciones Enmendado y Restablecido 2023 de la compañía. Las RSU se emitieron a un precio declarado de $0 y se clasifican como una adquisición (código de transacción “A�).

Tras la adjudicación, la propiedad beneficiaria total de Morano aumentó a 304,773 acciones/unidades, compuesta por las 175,000 RSU recién concedidas, 129,493 RSU reportadas anteriormente y 280 acciones comunes en propiedad directa.

No se divulgaron compras, ventas o ejercicios de derivados en el mercado abierto, y la presentación no menciona ningún plan de negociación 10b5-1. Dado que se trata de una concesión rutinaria de compensación y no de una compra financiada en efectivo, el valor de señalización para los inversores externos es limitado. No obstante, la equidad adicional incrementa modestamente la alineación entre la dirección y los accionistas sin causar dilución más allá de lo ya autorizado en el plan de acciones.

Golden Minerals Co. (AUMN) � 내부� Form 4 신고

이사 Kevin R. Morano� 2025� 6� 24� 회사� 개정 � 재확인된 2023� 주식 인센티브 플랜� 따라 175,000개의 제한 주식 단위(RSU) 부�� 보고했습니다. RSU� 명시� 가� $0� 발행되었으며 취득(거래 코드 “A�)으로 분류됩니�.

수여 � Morano� � 실질 소유 지분은 304,773�/단위� 증가했으�, 새로 부여된 175,000 RSU, 이전� 보고� 129,493 RSU, 그리� 직접 보유� 280주의 보통주로 구성됩니�.

공개 시장에서� 매매� 파생상품 행사 내역은 없으�, 신고서에� 10b5-1 거래 계획� 대� 언급� 없습니다. 이는 현금으로 자금� 조달� 매수가 아닌 일상적인 보상 부여이므� 외부 투자자에� 주는 신호 가치는 제한적입니다. 그럼에도 불구하고 추가� 주식은 관리진� 주주 간의 이해관� 일치� 다소 강화하며, 주식 계획에서 이미 승인� 범위� 넘어서는 희석 효과� 발생하지 않습니다.

Golden Minerals Co. (AUMN) � Déclaration d’initié Formulaire 4

Le directeur Kevin R. Morano a déclaré l�octroi de 175 000 unités d’actions restreintes (RSU) le 24 juin 2025 dans le cadre du Plan d’Incitation en Actions modifié et révisé de 2023 de la société. Les RSU ont été émises à un prix déclaré de 0 $ et sont classées comme une acquisition (code de transaction « A »).

Après cette attribution, la détention bénéficiaire totale de Morano est passée à 304 773 actions/unités, comprenant les 175 000 RSU nouvellement attribuées, 129 493 RSU précédemment déclarées et 280 actions ordinaires détenues directement.

Aucun achat, vente ou exercice de dérivés sur le marché ouvert n’a été divulgué, et la déclaration ne fait pas référence à un plan de trading 10b5-1. Comme il s’agit d’une attribution de rémunération courante plutôt que d’un achat financé en espèces, la valeur du signal pour les investisseurs externes est limitée. Néanmoins, cette augmentation modeste de capital renforce l’alignement entre la direction et les actionnaires sans provoquer de dilution au-delà de ce qui était déjà autorisé dans le plan d’actions.

Golden Minerals Co. (AUMN) � Insider-Meldung Form 4

Direktor Kevin R. Morano meldete am 24. Juni 2025 die Gewährung von 175.000 Restricted Stock Units (RSUs) im Rahmen des geänderten und neu gefassten Equity Incentive Plans 2023 des Unternehmens. Die RSUs wurden zu einem angegebenen Preis von $0 ausgegeben und als Erwerb (Transaktionscode „A�) klassifiziert.

Nach der Zuteilung stieg Moranos gesamtes wirtschaftliches Eigentum auf 304.773 Aktien/Einheiten, bestehend aus den neu gewährten 175.000 RSUs, 129.493 zuvor gemeldeten RSUs und 280 direkt gehaltenen Stammaktien.

Es wurden keine Käufe, Verkäufe oder Derivateausübungen am offenen Markt offengelegt, und die Meldung verweist nicht auf einen 10b5-1-Handelsplan. Da es sich um eine routinemäßige Vergütungszuteilung und nicht um einen barfinanzierten Kauf handelt, ist der Signalwert für externe Investoren begrenzt. Dennoch erhöht die zusätzliche Beteiligung die Ausrichtung zwischen Management und Aktionären moderat, ohne eine Verwässerung über die bereits im Aktienplan genehmigte hinaus zu verursachen.

Positive
  • Director ownership increases by 175,000 RSUs, marginally improving management–shareholder alignment.
Negative
  • Grant is compensation-based; no personal capital committed, so signalling value is limited.

Insights

TL;DR: Routine RSU grant; raises director’s stake but offers little market signal.

The Form 4 shows a standard equity-compensation award, not an open-market buy or sell. Morano’s ownership climbs to 304,773 units, yet the transaction involves no cash outlay and therefore conveys minimal conviction about valuation. From a governance perspective, the added exposure incrementally tightens alignment, but there is no immediate earnings, cash-flow, or dilution impact beyond plan limits already approved by shareholders. Overall, I view the filing as informational and not materially impactful to valuation or trading dynamics.

Golden Minerals Co. (AUMN) � Comunicazione interna Form 4

Il direttore Kevin R. Morano ha comunicato la concessione di 175.000 unità azionarie vincolate (RSU) il 24 giugno 2025, nell'ambito del Piano di Incentivazione Azionaria Emendato e Ristabilito 2023 della società. Le RSU sono state assegnate a un prezzo nominale di $0 e sono classificate come acquisizione (codice transazione “A�).

Dopo l'assegnazione, la proprietà beneficiaria totale di Morano è salita a 304.773 azioni/unità, comprendendo le 175.000 RSU appena concesse, 129.493 RSU precedentemente segnalate e 280 azioni ordinarie detenute direttamente.

Non sono state dichiarate operazioni di acquisto o vendita sul mercato aperto né esercizi di strumenti derivati, e la comunicazione non fa riferimento a un piano di trading 10b5-1. Poiché si tratta di una normale assegnazione di compensi e non di un acquisto finanziato in contanti, il valore di segnalazione per gli investitori esterni è limitato. Tuttavia, l'incremento di equity rafforza moderatamente l'allineamento tra management e azionisti, senza causare diluizione oltre quanto già autorizzato dal piano azionario.

Golden Minerals Co. (AUMN) � Presentación interna Formulario 4

El director Kevin R. Morano informó la concesión de 175,000 unidades de acciones restringidas (RSU) el 24 de junio de 2025 bajo el Plan de Incentivos de Acciones Enmendado y Restablecido 2023 de la compañía. Las RSU se emitieron a un precio declarado de $0 y se clasifican como una adquisición (código de transacción “A�).

Tras la adjudicación, la propiedad beneficiaria total de Morano aumentó a 304,773 acciones/unidades, compuesta por las 175,000 RSU recién concedidas, 129,493 RSU reportadas anteriormente y 280 acciones comunes en propiedad directa.

No se divulgaron compras, ventas o ejercicios de derivados en el mercado abierto, y la presentación no menciona ningún plan de negociación 10b5-1. Dado que se trata de una concesión rutinaria de compensación y no de una compra financiada en efectivo, el valor de señalización para los inversores externos es limitado. No obstante, la equidad adicional incrementa modestamente la alineación entre la dirección y los accionistas sin causar dilución más allá de lo ya autorizado en el plan de acciones.

Golden Minerals Co. (AUMN) � 내부� Form 4 신고

이사 Kevin R. Morano� 2025� 6� 24� 회사� 개정 � 재확인된 2023� 주식 인센티브 플랜� 따라 175,000개의 제한 주식 단위(RSU) 부�� 보고했습니다. RSU� 명시� 가� $0� 발행되었으며 취득(거래 코드 “A�)으로 분류됩니�.

수여 � Morano� � 실질 소유 지분은 304,773�/단위� 증가했으�, 새로 부여된 175,000 RSU, 이전� 보고� 129,493 RSU, 그리� 직접 보유� 280주의 보통주로 구성됩니�.

공개 시장에서� 매매� 파생상품 행사 내역은 없으�, 신고서에� 10b5-1 거래 계획� 대� 언급� 없습니다. 이는 현금으로 자금� 조달� 매수가 아닌 일상적인 보상 부여이므� 외부 투자자에� 주는 신호 가치는 제한적입니다. 그럼에도 불구하고 추가� 주식은 관리진� 주주 간의 이해관� 일치� 다소 강화하며, 주식 계획에서 이미 승인� 범위� 넘어서는 희석 효과� 발생하지 않습니다.

Golden Minerals Co. (AUMN) � Déclaration d’initié Formulaire 4

Le directeur Kevin R. Morano a déclaré l�octroi de 175 000 unités d’actions restreintes (RSU) le 24 juin 2025 dans le cadre du Plan d’Incitation en Actions modifié et révisé de 2023 de la société. Les RSU ont été émises à un prix déclaré de 0 $ et sont classées comme une acquisition (code de transaction « A »).

Après cette attribution, la détention bénéficiaire totale de Morano est passée à 304 773 actions/unités, comprenant les 175 000 RSU nouvellement attribuées, 129 493 RSU précédemment déclarées et 280 actions ordinaires détenues directement.

Aucun achat, vente ou exercice de dérivés sur le marché ouvert n’a été divulgué, et la déclaration ne fait pas référence à un plan de trading 10b5-1. Comme il s’agit d’une attribution de rémunération courante plutôt que d’un achat financé en espèces, la valeur du signal pour les investisseurs externes est limitée. Néanmoins, cette augmentation modeste de capital renforce l’alignement entre la direction et les actionnaires sans provoquer de dilution au-delà de ce qui était déjà autorisé dans le plan d’actions.

Golden Minerals Co. (AUMN) � Insider-Meldung Form 4

Direktor Kevin R. Morano meldete am 24. Juni 2025 die Gewährung von 175.000 Restricted Stock Units (RSUs) im Rahmen des geänderten und neu gefassten Equity Incentive Plans 2023 des Unternehmens. Die RSUs wurden zu einem angegebenen Preis von $0 ausgegeben und als Erwerb (Transaktionscode „A�) klassifiziert.

Nach der Zuteilung stieg Moranos gesamtes wirtschaftliches Eigentum auf 304.773 Aktien/Einheiten, bestehend aus den neu gewährten 175.000 RSUs, 129.493 zuvor gemeldeten RSUs und 280 direkt gehaltenen Stammaktien.

Es wurden keine Käufe, Verkäufe oder Derivateausübungen am offenen Markt offengelegt, und die Meldung verweist nicht auf einen 10b5-1-Handelsplan. Da es sich um eine routinemäßige Vergütungszuteilung und nicht um einen barfinanzierten Kauf handelt, ist der Signalwert für externe Investoren begrenzt. Dennoch erhöht die zusätzliche Beteiligung die Ausrichtung zwischen Management und Aktionären moderat, ohne eine Verwässerung über die bereits im Aktienplan genehmigte hinaus zu verursachen.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
MORANO KEVIN R

(Last) (First) (Middle)
1312 17TH STREET, UNIT 2136

(Street)
DENVER CO 80202

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Golden Minerals Co [ AUMN ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/24/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/24/2025 A 175,000 A $0 304,773(1) D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. The reported transaction involves the reporting person's receipt of a grant of 175,000 restricted stock units under Golden Minerals Company's Amended and Restated 2023 Equity Incentive Plan. The reporting person has reported prior awards of restricted stock units in Table II of Form 4. The total reported in Column 5 includes the 175,000 newly awarded restricted stock units,129,493 restricted stock units previously reported in Table II, and 280 shares of common stock.
/s/ Kevin R. Morano 06/26/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many RSUs did Golden Minerals (AUMN) grant to Director Kevin R. Morano?

The Form 4 reports a grant of 175,000 restricted stock units on 24 Jun 2025.

What is Kevin R. Morano’s total Golden Minerals ownership after the transaction?

His beneficial ownership stands at 304,773 shares/units (175,000 new RSUs, 129,493 prior RSUs, 280 common shares).

Was any cash paid for the RSUs granted to the director?

No. The RSUs were awarded at a reported price of $0 as part of the company’s equity incentive plan.

Does the filing indicate any open-market buying or selling by the director?

No open-market purchases, sales, or option exercises were disclosed in this Form 4.

Is the transaction linked to a 10b5-1 trading plan?

The form does not indicate that the grant was made under a Rule 10b5-1(c) plan.
Golden Minerals

OTC:AUMN

AUMN Rankings

AUMN Latest News

AUMN Latest SEC Filings

AUMN Stock Data

1.43M
10.95M
13.11%
4.54%
0.83%
Other Precious Metals & Mining
Gold and Silver Ores
United States
GOLDEN