A Form 4 is filed within two business days of a company insider — an officer, a director, or a holder of more than ten percent of the stock — changing their position in the shares. All 7 filings in this group are Form 4s for Caledonia Mining Corporation Plc.
The difficulty with reading these filings as a group is that a single form type covers transactions that mean entirely different things. An executive spending their own money to buy stock and an executive having shares withheld to pay tax on a vesting grant both appear as a Form 4. Every filing below is therefore tagged with the nature of the underlying transaction, taken from the transaction code reported on the form itself.
Across the 7 insider filings shown, the breakdown is 3 compensation award, 3 open-market purchase and 1 open-market sale. 4 of them involved a discretionary open-market trade; the rest are compensation and administrative mechanics.
Form 4
Open-market purchase
Insider Buying
2026-08-17
CMCL insider Ndlovu July (Director) bought 21,400 shares (~$492.8K)
Ndlovu July, listed as Director at Caledonia Mining Corp Plc, reported an open-market purchase of 21,400 CMCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
21,400 |
$23.03 |
$492.8K |
Filing: Form 4 (Insider Transaction)
Insider: Ndlovu July (Director)
Shares: 21,400
Est. Value: $492.8K
Form 4
Open-market purchase
Insider Buying
2026-06-15
CMCL insider Gapare Victor (Director, 10% Owner) bought 11,750 shares (~$219.7K)
Gapare Victor, listed as Director, 10% Owner at Caledonia Mining Corp Plc, reported an open-market purchase of 11,750 CMCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
11,750 |
$18.70 |
$219.7K |
Filing: Form 4 (Insider Transaction)
Insider: Gapare Victor (Director, 10% Owner)
Shares: 11,750
Est. Value: $219.7K
Form 4
Open-market sale
Insider Selling
2026-05-19
CMCL insider Ndlovu July (Director) sold 20,000 shares (~$343.8K)
Ndlovu July, listed as Director at Caledonia Mining Corp Plc, reported an open-market sale of 20,000 CMCL shares in a Form 4 filing. This is a confirmed insider sale, not just a proposed sale notice.
The insider sold shares on the open market. Sales may be discretionary or executed automatically under a pre-arranged Rule 10b5-1 trading plan, and a Form 4 does not always make clear which applies.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
S |
Open-market sale
|
20,000 |
$17.19 |
$343.8K |
Filing: Form 4 (Insider Transaction)
Insider: Ndlovu July (Director)
Shares: 20,000
Est. Value: $343.8K
Form 4
Open-market purchase
Insider Buying
2026-05-15
CMCL insider Ndlovu July (Director) bought 15,000 shares (~$372.1K)
Ndlovu July, listed as Director at Caledonia Mining Corp Plc, reported an open-market purchase of 15,000 CMCL shares in a Form 4 filing. Insider buying is often treated as a bullish signal because company insiders are committing their own capital.
The insider bought shares on the open market with their own money. This is the only Form 4 category that requires a discretionary cash outlay at the prevailing price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
P |
Open-market purchase
|
15,000 |
$24.81 |
$372.1K |
Filing: Form 4 (Insider Transaction)
Insider: Ndlovu July (Director)
Shares: 15,000
Est. Value: $372.1K
Form 4
Compensation award
Tax / Compensation Filing
2026-04-02
CMCL insider Form 4 filed for equity award, exercise, or tax withholding
Learmonth John Mark (Director, Chief Executive Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
7,134 |
$22.59 |
$161.2K |
Filing: Form 4 (Insider Transaction)
Insider: Learmonth John Mark (Director, Chief Executive Officer)
Shares: 7,134
Form 4
Compensation award
Tax / Compensation Filing
2026-04-02
CMCL insider Form 4 filed for equity award, exercise, or tax withholding
Jerrard Ross Ian (Chief Financial Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,062 |
$22.59 |
$46.6K |
M |
Option exercise
derivative · Restricted Share Units
|
2,062 |
$22.59 |
$46.6K |
Filing: Form 4 (Insider Transaction)
Insider: Jerrard Ross Ian (Chief Financial Officer)
Shares: 2,062
Form 4
Compensation award
Tax / Compensation Filing
2026-04-02
CMCL insider Form 4 filed for equity award, exercise, or tax withholding
Chester Adam David Mark (Chief Legal Officer) filed a Form 4 covering compensation-related activity such as stock awards, option exercises, conversions, or tax withholding. These filings are usually neutral.
Shares were granted as compensation rather than purchased. No cash changed hands, so the filing reflects a pay decision by the company, not a judgement about the price.
Transactions reported on this filing
| Code |
Nature |
Shares |
Price |
Value |
A |
Compensation award
|
2,070 |
$22.59 |
$46.8K |
Filing: Form 4 (Insider Transaction)
Insider: Chester Adam David Mark (Chief Legal Officer)
Shares: 2,070