Anthony Michael Scott - 16 Jan 2025 Form 4 Insider Report for Gatos Silver, Inc.

Role
SVP, Corp Dev & Tech. Services
Signature
/s/ Stephen Bodley as Attorney-in-Fact for Anthony Michael Scott
Issuer symbol
N/A
Transactions as of
16 Jan 2025
Net transactions value
$0
Form type
4
Filing time
17 Jan 2025, 17:27:58 UTC
Previous filing
11 Dec 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GATO Common Stock Disposed to Issuer -30,000 -100% 0 16 Jan 2025 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GATO Employee Stock Option (Right to Buy) Disposed to Issuer -100,000 -100% 0 16 Jan 2025 Common Stock 100,000 $10.28 Direct F2
transaction GATO Employee Stock Option (Right to Buy) Disposed to Issuer -133,408 -100% 0 16 Jan 2025 Common Stock 133,408 $5.04 Direct F2
transaction GATO Employee Stock Option (Right to Buy) Disposed to Issuer -70,000 -100% 0 16 Jan 2025 Common Stock 70,000 $6.41 Direct F2
transaction GATO Employee Stock Option (Right to Buy) Disposed to Issuer -28,009 -100% 0 16 Jan 2025 Common Stock 28,009 $15.34 Direct F2
transaction GATO Restricted Stock Units Disposed to Issuer -118,144 -100% 0 16 Jan 2025 Common Stock 118,144 $0.000000 Direct F3
transaction GATO Restricted Stock Units Disposed to Issuer -16,473 -100% 0 16 Jan 2025 Common Stock 16,473 $0.000000 Direct F3
transaction GATO Restricted Stock Units Disposed to Issuer -35,000 -100% 0 16 Jan 2025 Common Stock 35,000 $0.000000 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Anthony Michael Scott is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may continue.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.