CKX LANDS, INC. — Director's Dealing 2024

Mar 22, 2024

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: CKX LANDS, INC. (CKX)
CIK: 0000352955
Period of Report: 2024-02-12

Reporting Person: Stream William Gray (Director, President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-02-12	Common Stock	M	25881	—	Acquired	78200	Direct
2024-02-12	Common Stock	F	8033	$13	Disposed	70167	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-02-12	Performance Shares	$	M	25881	Disposed	2024-07-15	Common Stock (25881)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34000	Indirect
Common Stock	67317	Indirect
Common Stock	7844	Indirect

Footnotes

F1: The Reporting Person disclaims ownership of the reported securities owned by Stream Family Limited Partnership, Sierra Pelican, L.L.C., and Stream Investment Holdings II, L.L.C., except to the extent of his pecuniary interest therein.

F2: Each unvested performance share represents a contingent right to receive one share of the Issuer's common stock. Various percentages of the performance share award vest if the closing price of the Issuer's common stock equals or exceeds, for at least ten consecutive trading days during the performance period, prices of $13, $14, $14.50 and $15 per share. The performance period is July 15, 2020 to July 15, 2024.

F3: The Issuer's common stock met the $13 trading price target on February 12, 2024, and 18.47% of the award vested on that date.