ASA Gold & Precious Metals (ASA) COO reports Form 4 sale of 500 shares at $53.8061

Rhea-AI Filing Summary

ASA Gold & Precious Metals Ltd reported an insider share sale by its Chief Operating Officer, Alexander Merk. On 12/10/2025, he sold 500 common shares of ASA at a weighted average price of $53.8061 per share, with individual trades ranging from $53.80 to $53.81 per share.

After this transaction, Merk beneficially owns 303,805 ASA shares directly and 13,355 shares indirectly through his spouse. The sale was reported on a Form 4 filing, which discloses changes in ownership by company insiders.

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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:			3235-0287
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Merk Alexander

(Last) (First) (Middle)

C/O APEX FUND SERVICES

190 MIDDLE STREET, SUITE 301

(Street)

PORTLAND ME 04101

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
12/10/2025

4. 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 Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
ASA GOLD AND PRECIOUS METALS LIMITED	12/10/2025		S		500	D	$53.8061	303,805	D
ASA GOLD AND PRECIOUS METALS LIMITED								13,355	I	Spouse

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

Remarks:

The reported price in Column 4 is a weighted average purchase price. The shares sold on December 10, 2025, were sold in multiple transactions at prices ranging from $53.80 to 53.81 per share. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth.

	Alexander Merk	12/11/2025
	** 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 4 (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.

FAQ

What insider transaction did ASA (ASA) report in this Form 4?

The filing reports that Chief Operating Officer Alexander Merk sold 500 shares of ASA Gold & Precious Metals Ltd on 12/10/2025.

At what price were the ASA (ASA) shares sold by the COO?

The 500 shares were sold at a weighted average price of $53.8061 per share, with individual sales between $53.80 and $53.81 per share.

How many ASA shares does the COO own after the reported sale?

After the transaction, Alexander Merk beneficially owns 303,805 ASA shares directly and 13,355 shares indirectly through his spouse.

What is the role of the reporting person in ASA Gold & Precious Metals Ltd (ASA)?

The reporting person, Alexander Merk, is an officer of ASA Gold & Precious Metals Ltd, serving as its Chief Operating Officer.

What does the weighted average price disclosure mean in the ASA (ASA) Form 4?

The filing explains that the reported price is a weighted average of multiple trades made on 12/10/2025, and notes that the shares were sold in separate transactions between $53.80 and $53.81 per share.

Does the ASA (ASA) insider offer to provide more detailed trade information?

Yes. The filing states that the reporting person will provide full information on the number of shares sold at each price within the stated range to the issuer, any security holder, or SEC staff upon request.