ASA Form 3 — No Beneficial Ownership Reported by Director

Rhea-AI Filing Summary

Karen Caldwell, a director of ASA Gold & Precious Metals Ltd (ASA), filed an initial Form 3 reporting No securities beneficially owned as of 08/19/2025. The filing indicates the statement was executed by an attorney-in-fact and electronically signed on 09/04/2025. This means the director has no direct or indirect equity position to disclose under Section 16 at the reported date.

Positive

• Transparent disclosure filed as required under Section 16
• No holdings reported simplifies insider trading monitoring for this director

Negative

• Director holds no equity, which may indicate limited ownership alignment with shareholders

Insights

Corporate Governance Analyst

Director reports no holdings, showing no Section 16 ownership as of the event date.

The filing records that Karen Caldwell is a director and that an initial Form 3 was submitted listing No securities are beneficially owned as of 08/19/2025. The document was signed by an attorney-in-fact on 09/04/2025.

This is a straightforward disclosure event that establishes the director had no reportable equity stake at that date; stakeholders may note this when assessing director alignment with shareholders over the near term.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 09/04/2025 - 11:57 AM Learn about SEC filing dates

FAQ

What did Karen Caldwell report on her Form 3 for ASA (ASA)?

The Form 3 states No securities are beneficially owned by Karen Caldwell as of 08/19/2025.

What is the relationship of the reporting person to ASA?

The filing identifies the reporting person as a Director of ASA Gold & Precious Metals Ltd.

When was the Form 3 filed or signed?

The Form 3 was signed by an attorney-in-fact on 09/04/2025 reflecting the event date of 08/19/2025.

Does the Form 3 show any derivative or non-derivative holdings?

No. Both the non-derivative and derivative sections indicate No securities are beneficially owned.

Was the filing made jointly or by one reporting person?

The form indicates it was filed by one reporting person.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Caldwell Karen

(Last) (First) (Middle)

10125 SOUTH BELL AVENUE

(Street)

CHICAGO IL 60643

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
08/19/2025

3. Issuer Name and Ticker or Trading Symbol
ASA Gold & Precious Metals Ltd [ ASA ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

No securities are beneficially owned.

	/s/ Zac Tackett, Attorney-in-Fact for Karen Caldwell	09/04/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.