Signal Gold Inc T.SGNL

Insider Trading

[DoumDiDoum]

Sadly, Jonathan Fitzgerald is not done dumping shares...

Filed 2022-02-12 15:24   Tx date 2022-02-10	$ANX Anaconda Mining Inc.	Fitzgerald, Jonathan W 4 - Director of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$-31,500 -36,000 vol $0.875 each	474,000
Filed 2022-02-12 15:22   Tx date 2022-02-07	$ANX Anaconda Mining Inc.	Fitzgerald, Jonathan W 4 - Director of Issuer Direct Ownership	Common Shares 10 - Acquisition or disposition in the public market	$-48,000 -60,000 vol $0.80 each	510,000

[DoumDiDoum]

According to SEDI information, JF has 250K of 24 cents options expiring on June 21st, meaning he needs $60K to finance that.  He sold for about $79K so I guess he needed an extra amount for YOLO things.

[GrumpyInvestor]

  Like you, I really don't like to see insiders selling shares. But, if JF wants to exercise his 250K of 24 cents options, I think he would need more than $60K to finance that. I think he has to account for income tax on the gain between the exercise price (24 cents) and the present FMV (86 cents). That's a gain of more than $150K ! I hope to see him exercise those options real

[DoumDiDoum]

Yeah, that might explain why he is selling more than the options' value.

[GoldNHill]

Up front he needs to pay the amount for the shares plus 10% tax owning I believe is also required to be paid to the company upon exercise...then yes the remaining tax owing at tax time for the cap gain.