Coronado Global (ASX: CRN) chair reports stock grants and PSU conversion

Rhea-AI Filing Summary

Coronado Global Resources Inc. Executive Chair Garold Spindler reported equity awards and conversions rather than open-market trades. On February 11, 2026, Performance Stock Units were exercised or converted into 92,876.9 shares of common stock at a stated price of $0.00 per share.

Those PSUs, which had been acquired earlier and are linked to CHESS Depositary Interests listed on the Australian Securities Exchange, all vested on February 11, 2026. On February 17, 2026, Spindler also received a grant or award of 30,347.3 shares of common stock, bringing his directly held common stock to 272,670 shares.

Insider Trade Summary

928,769 shares exercised/converted

Mixed 3 txns

Insider Spindler Garold

Role Executive Chair

Type	Security	Shares	Price	Value
Grant/Award	Common Stock	30,347.3	$0.00	--
Exercise	Performance Stock Units	928,769	$0.00	--
Exercise	Common Stock	92,876.9	$0.00	--

Holdings After Transaction: Common Stock — 272,670 shares (Direct); Performance Stock Units — 0 shares (Direct)

Footnotes (1)

1. The Performance Stock Units ("PSUs") were acquired on February 12, 2025 or through subsequent dividend equivalent investments and all vested on February 11, 2026. Each PSU represented a right to receive one CHESS Depositary Interest ("CDI") or, at the election of the Compensation and Nominating Committee of the Issuer's Board of Directors (the "Compensation Committee"), an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof). CDIs are units of beneficial ownership in shares of common stock of the Issuer that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. The CDIs are convertible into shares of common stock of the Issuer on a 10-for-1 basis. Reflects 303,473 CDIs that were acquired on February 17, 2026 as a result of PSUs vesting on the same day. Reflects common stock underlying PSUs. Each PSU represents a right to receive one CDI or, at the election of the Compensation Committee, an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof).

Form 4 Insider Transactions: What Each Field Means →

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

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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^*

Spindler Garold

(Last) (First) (Middle)

C/O CORONADO GLOBAL RESOURCES INC.

100 BILL BAKER WAY

(Street)

BECKLEY WV 25801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Coronado Global Resources Inc. [ ASX:CRN ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/11/2026

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
Common Stock	02/11/2026		M		92,876.9(1)	A	$0.00	242,322.7	D
Common Stock	02/17/2026		A		30,347.3(2)	A	$0.00	272,670	D

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
Performance Stock Units	$0	02/11/2026		M			928,769	(1)	(1)	Common Stock	92,876.9(3)	$0	0	D

Explanation of Responses:

1. The Performance Stock Units ("PSUs") were acquired on February 12, 2025 or through subsequent dividend equivalent investments and all vested on February 11, 2026. Each PSU represented a right to receive one CHESS Depositary Interest ("CDI") or, at the election of the Compensation and Nominating Committee of the Issuer's Board of Directors (the "Compensation Committee"), an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof). CDIs are units of beneficial ownership in shares of common stock of the Issuer that are publicly traded on the Australian Securities Exchange (the "ASX") and held by CHESS Depositary Nominees Pty, Limited, a subsidiary of ASX Limited, the company that operates the ASX. The CDIs are convertible into shares of common stock of the Issuer on a 10-for-1 basis.

2. Reflects 303,473 CDIs that were acquired on February 17, 2026 as a result of PSUs vesting on the same day.

3. Reflects common stock underlying PSUs. Each PSU represents a right to receive one CDI or, at the election of the Compensation Committee, an equivalent value of cash or shares of common stock of the Issuer (or a combination thereof).

	/s/ Susan Casey, as Attorney-in-Fact	02/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transactions did Coronado Global Resources (CODQL) report?

Coronado Global Resources reported equity awards and conversions for Executive Chair Garold Spindler. Performance Stock Units were exercised into common stock, and an additional stock grant was received, all at a stated price of $0.00 per share, reflecting compensation rather than market purchases.

How many Coronado Global (CODQL) shares does Garold Spindler hold after these transactions?

After the reported transactions, Garold Spindler directly holds 272,670 shares of Coronado Global common stock. This reflects the conversion of Performance Stock Units into shares and the subsequent grant of additional common stock reported in the Form 4 filing.

Were Coronado Global (CODQL) shares bought or sold on the market in this Form 4?

No open-market buys or sells were reported. The Form 4 shows equity compensation events: Performance Stock Units converting into common stock and a grant or award of additional shares, all at a stated transaction price of $0.00 per share, rather than cash transactions.

What are Performance Stock Units in the Coronado Global (CODQL) filing?

The Performance Stock Units represent rights that had been acquired earlier and vested on February 11, 2026. Each unit could deliver a CHESS Depositary Interest or, at the Compensation Committee’s election, cash or Coronado Global common stock, providing equity-linked compensation based on performance conditions.

How are CHESS Depositary Interests related to Coronado Global (CODQL) common stock?

CHESS Depositary Interests, or CDIs, are units of beneficial ownership in Coronado Global common stock traded on the Australian Securities Exchange. According to the disclosure, CDIs are convertible into shares of Coronado Global common stock on a 10-for-1 basis through the CHESS Depositary Nominees structure.