organization · Reporting owner

Manul Capital Management LLC

Disclosed activity across 1 company

Tapewire entity: 40598
SEC CIK: 0001830978

Reported relationships

Latest disclosed role at each company.

Company	Last reported as	Report date	Published
Sunshine Silver Mining & Refining CoSSMR · Entity 4369	10% owner	June 05, 2026	June 08, 2026

Disclosed balances

About these balances

Latest available filing per company, not a reconstructed current portfolio. Matching sequences show the last reported balance with all source rows expandable; grouping alone does not establish account ownership. Do not add unresolved positions together. Filings may omit unchanged positions, and amendments may correct only part of an older disclosure. Jointly reported shares are not necessarily this owner's personal holdings.

Sunshine Silver Mining & Refining Co

Report date June 05, 2026 · Filed June 08, 2026

Jointly reported with Tigris Financial Group Ltd., GRAT Holdings LLC

Security / award	Ownership account	Disclosed shares / units	Disclosure context
Common StockSEC Table I · non-derivative	Direct	8,929	Reported balance After 2026-06-05 transaction · row 1 Joint disclosure: continuity of the reported position is unresolved; see ownership footnotes. 1 source row Row 1 · 2026-06-05 · Grant · Acquired 8,929 · Balance 8,929 F1: Represents restricted stock units ("RSUs") granted to Thomas S. Kaplan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately proceeding the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to Mr. Kaplan's continued service as a member of the Issuer's Board of Directors through such date.
Common StockSEC Table I · non-derivative	IndirectBy Electrum Silver US LLC	78,095,918	Last balance in matching sequence After 2026-06-05 transaction · row 3 Source-order balances reconcile. Account continuity and personal attribution are not independently verified. 2 source rows Row 2 · 2026-06-05 · Exercise / conversion · Acquired 2,739,640 · Balance 78,677,940 F2: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants. F3: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer. Row 3 · 2026-06-05 · Tax withholding · Disposed 582,022 · Balance 78,095,918 F2: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants. F3: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.
Warrant (right to buy)SEC Table II · derivative / convertible security · Conversion / exercise price $2.87 · Expires 2027-09-02	IndirectBy Electrum Silver US LLC	0	Reported balance After 2026-06-05 transaction · row 8 Instrument identity requires review; Table II rows are not merged. 1 source row Row 8 · 2026-06-05 · Exercise / conversion · Disposed 2,739,640 · Balance 0 F2: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants. F3: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.
Common StockSEC Table I · non-derivative	IndirectBy Electrum Silver US II LLC	7,365,270	Reported balance Holding disclosure · report date 2026-06-05 · row 4 Holding and transaction disclosures are not merged. 1 source row Row 4 · Balance 7,365,270 F4: These securities are owned directly by Electrum Silver US II LLC ("ESUS II"). Electrum Strategic Opportunities Fund II L.P. ("ESOF II") owns 99% of ESUS II, and ESM is the manager of ESUS II. ESM is wholly owned by Global Holdco, and TEG Global is the general partner of Global Holdco. The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). ESOF II GP is wholly owned by Global Holdco. TEG acts as an investment advisor to ESOF II. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.
Common StockSEC Table I · non-derivative	IndirectBy Tigris Financial Group Ltd.	1,266,260	Reported balance Holding disclosure · report date 2026-06-05 · row 5 Holding and transaction disclosures are not merged. 1 source row Row 5 · Balance 1,266,260 F5: These securities are owned directly by Tigris Financial Group Ltd., which is wholly owned by Thomas S. Kaplan.
Common StockSEC Table I · non-derivative	IndirectBy Manul Capital Management LLC	60,010	Reported balance Holding disclosure · report date 2026-06-05 · row 6 Holding and transaction disclosures are not merged. 1 source row Row 6 · Balance 60,010 F6: These securities are owned directly by Manul Capital Management LLC. Thomas S. Kaplan serves as managing member of Manul Capital Management LLC.
Common StockSEC Table I · non-derivative	IndirectBy GRAT Holdings LLC	393,230	Reported balance Holding disclosure · report date 2026-06-05 · row 7 Holding and transaction disclosures are not merged. 1 source row Row 7 · Balance 393,230 F7: These securities are owned directly by GRAT Holdings LLC. Thomas S. Kaplan serves as managing member of GRAT Holdings LLC.

Filing footnotes · ownership attribution and instrument terms

F1: Represents restricted stock units ("RSUs") granted to Thomas S. Kaplan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately proceeding the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to Mr. Kaplan's continued service as a member of the Issuer's Board of Directors through such date.

F2: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants.

F3: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.

F4: These securities are owned directly by Electrum Silver US II LLC ("ESUS II"). Electrum Strategic Opportunities Fund II L.P. ("ESOF II") owns 99% of ESUS II, and ESM is the manager of ESUS II. ESM is wholly owned by Global Holdco, and TEG Global is the general partner of Global Holdco. The general partner of ESOF II is Electrum Strategic Opportunities Fund II GP L.P. ("ESOF II GP L.P."), and the general partner of ESOF II GP L.P. is ESOF II GP Ltd. ("ESOF II GP"). ESOF II GP is wholly owned by Global Holdco. TEG acts as an investment advisor to ESOF II. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer.

F5: These securities are owned directly by Tigris Financial Group Ltd., which is wholly owned by Thomas S. Kaplan.

F6: These securities are owned directly by Manul Capital Management LLC. Thomas S. Kaplan serves as managing member of Manul Capital Management LLC.

F7: These securities are owned directly by GRAT Holdings LLC. Thomas S. Kaplan serves as managing member of GRAT Holdings LLC.

Transaction history

JSON API

Purchases/sales include open-market and private transactions. Plan disclosure applies to the filing; individual rows may differ. “Not disclosed” is not “unplanned.”

The cutoff filters transaction history only. Company summaries and owner relationships show the latest available disclosures. Parser corrections can improve historical records.

Transaction date	Company	Activity / security	Shares / units	Reported price	Reported value	Details
June 05, 2026 Filed Jun 8, 2026 22:05 UTC	Sunshine Silver Mining & Refining Co SSMR · Entity 4369	Exercise / conversionWarrant (right to buy) · Derivative	2,739,640	$0.00 Strike: $2.87	$0.00	Disclosure SEC source: 0001193125-26-262217 · ownership.xml · derivative · entry 8 Tigris Financial Group Ltd. · CIK 0001831834 · 10% owner Manul Capital Management LLC · CIK 0001830978 · 10% owner GRAT Holdings LLC · CIK 0001565707 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By Electrum Silver US LLC Disclosed balance after: 0 Underlying: Common Stock · 2,739,640 shares Expires 2027-09-02 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · kind: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants. F3 · ownership.nature: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer. Read SEC document
June 05, 2026 Filed Jun 8, 2026 22:05 UTC	Sunshine Silver Mining & Refining Co SSMR · Entity 4369	Tax withholdingCommon Stock	582,022	$13.50	$7,857,297.00	Disclosure SEC source: 0001193125-26-262217 · ownership.xml · nonDerivative · entry 3 Tigris Financial Group Ltd. · CIK 0001831834 · 10% owner Manul Capital Management LLC · CIK 0001830978 · 10% owner GRAT Holdings LLC · CIK 0001565707 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By Electrum Silver US LLC Disclosed balance after: 78,095,918 F2 · kind: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants. F3 · ownership.nature: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer. Read SEC document
June 05, 2026 Filed Jun 8, 2026 22:05 UTC	Sunshine Silver Mining & Refining Co SSMR · Entity 4369	Exercise / conversionCommon Stock	2,739,640	$2.87	$7,862,766.80	Disclosure SEC source: 0001193125-26-262217 · ownership.xml · nonDerivative · entry 2 Tigris Financial Group Ltd. · CIK 0001831834 · 10% owner Manul Capital Management LLC · CIK 0001830978 · 10% owner GRAT Holdings LLC · CIK 0001565707 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Indirect · By Electrum Silver US LLC Disclosed balance after: 78,677,940 Exercise/conversion can include RSU settlement. Transaction price and option strike are different fields; a missing price is not zero. Derivative and underlying rows can describe the same event. F2 · kind: This transaction relates to the net exercise of warrants to purchase 2,739,640 shares of the Issuer's common stock immediately prior to the completion of the initial public offering of the Issuer's common stock, in accordance with the terms of the warrants. F3 · ownership.nature: These securities are owned directly by Electrum Silver US LLC ("ESUS"). Electrum Strategic Management LLC ("ESM") is the manager of ESUS. ESM is wholly owned by Electrum Global Holdings L.P. ("Global Holdco"), and TEG Global GP Ltd. ("TEG Global") is the general partner of Global Holdco. The Electrum Group LLC ("TEG") acts as an investment advisor to Global Holdco. Thomas S. Kaplan, Chairman of the Issuer's Board of Directors, is also Chairman, Chief Executive Officer and Chief Investment Officer of TEG. Each of these reporting persons (other than Mr. Kaplan who is a director of the Issuer) may be deemed to be a director by deputization of the Issuer. Read SEC document
June 05, 2026 Filed Jun 8, 2026 22:05 UTC	Sunshine Silver Mining & Refining Co SSMR · Entity 4369	GrantCommon Stock	8,929	$0.00	$0.00	Disclosure SEC source: 0001193125-26-262217 · ownership.xml · nonDerivative · entry 1 Tigris Financial Group Ltd. · CIK 0001831834 · 10% owner Manul Capital Management LLC · CIK 0001830978 · 10% owner GRAT Holdings LLC · CIK 0001565707 · 10% owner Joint disclosure: these amounts are not allocated separately to each reporting owner. 10b5-1 filing: No plan indicated Ownership: Direct Disclosed balance after: 8,929 F1 · shares: Represents restricted stock units ("RSUs") granted to Thomas S. Kaplan. Each RSU represents a contingent right to receive one share of the Issuer's common stock. The RSUs vest in full on the earlier of (i) the first anniversary of the grant date or (ii) the day immediately proceeding the date of the Issuer's 2027 Annual Meeting of Stockholders, subject to Mr. Kaplan's continued service as a member of the Issuer's Board of Directors through such date. Read SEC document

Value uses the disclosed total when available, otherwise shares × reported transaction price. It is not an estimate of exercise cash cost or investment performance.