Gatos Silver (GATO) executive Bodley returned to the company 20,000 shares

Insider transactions reported

Stephen D Bodley (Gen.Counsel & Chief Compl.Off. at Gatos Silver Inc., GATO) reported that they returned to the company 20,000 shares on Jan 16, 2025. After these transactions the filing shows 0 shares held indirectly (By MinMurph Inc.).

Reporting person

Bodley Stephen D

Role

Gen.Counsel & Chief Compl.Off.

Options and other derivatives

Holdings before and after

• Common Stock: 20,000 to 0 indirect, By MinMurph Inc.
• Employee Stock Option (Right to Buy): 133,408 to 0 direct
• Restricted Stock Units: 118,144 to 0 direct

Footnotes from the filing

1. 1. Disposed of pursuant to the Agreement and Plan of Merger, dated as of September 5, 2024 (the Merger Agreement ), by and among Gatos Silver, Inc. (the Issuer ), First Majestic Silver Corp. ( First Majestic ) and Ocelot Transaction Corporation, a wholly-owned subsidiary of First Majestic ( Merger Sub ), whereby Merger Sub merged with and into the Issuer, with the Issuer continuing as the surviving entity and a wholly-owned subsidiary of First Majestic (the Merger ). Under the terms of the Merger Agreement, at the effective time of the Merger, each share of the Issuer's common stock, par value $0.001 per share (the Common Stock ), issued and outstanding prior to the Merger was converted into the right to receive 2.55 First Majestic common shares (the Merger Consideration ) and cash in lieu of any fractional First Majestic common shares.
2. 2. Shares held by MinMurph Inc., a corporation wholly owned by the reporting person.
3. 3. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding Issuer stock option beneficially owned by the Reporting Person, whether vested or unvested, was assumed by First Majestic and converted into options to acquire First Majestic Common Shares (the Converted Options ). The Converted Options are subject to the same terms and conditions that were applicable to them prior to the Merger, except that (i) the Converted Options relate to common shares of First Majestic, and (ii) the number of First Majestic common shares subject to the Converted Options and the exercise prices thereof were determined based upon the exchange ratio pursuant to the Merger Agreement.
4. 4. Pursuant to the Merger Agreement, at the effective time of the Merger, each outstanding restricted stock unit beneficially owned by the Reporting Person became fully vested and will settle for the right to receive the Merger Consideration.

Transaction codes in this filing

Sale back to the company:

Code D marks a disposition back to the company under an exempt plan, as opposed to a sale in the market.

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