[Form 4] GOLD RESOURCE CORP Insider Trading Activity

Rhea-AI Filing Summary

Gold Resource Corp (GORO) director Ronald Little received 16,051 deferred stock units (DSUs) on 09/30/2025. Each DSU represents the right to one share of common stock or cash equal to one share's value at redemption and was granted at a per‑unit valuation of $0.7593. The DSUs vest immediately (become non‑forfeitable) and are redeemable at the earlier of the reporting person's termination of service or ten years from the grant date. The Form 4 was filed individually and signed by an attorney‑in‑fact on behalf of the reporting person.

Positive

• 16,051 DSUs granted provides clear, immediate ownership alignment for the director
• DSUs vest immediately, removing forfeiture uncertainty for the reporting person

Negative

• Immediate vesting reduces retention incentives typically provided by time‑vesting awards
• Potential dilution or cash obligation exists because each DSU converts to one share or cash at redemption

Insights

Corporate Governance Specialist

Immediate vesting of executive DSUs reduces retention leverage but clarifies near‑term ownership.

The grant of 16,051 DSUs that vest immediately gives Ronald Little a present beneficial interest tied to the company's common stock value and reduces future forfeiture risk tied to continued service. Because each DSU converts to one share or cash at redemption, this increases potential future share issuance or cash payout obligations.

This structure shifts compensation from time‑vested retention toward immediate ownership; investors may watch outstanding share count or redemption activity over the next ten years to assess dilution or cash flow effects.

Compensation & Executive Pay Analyst

Grant terms favor immediate recognition rather than deferred retention incentives.

These DSUs are valued at $0.7593 per unit in the filing and are redeemable either at termination of service or after ten years. Immediate vesting means the units are non‑forfeitable on grant, eliminating a typical service condition used to retain directors.

Material items to monitor include any future redemption elections (share vs cash) and the accounting or cash impact when DSUs are settled; such events could occur at termination or at the ten‑year mark.

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^*

LITTLE RONALD

(Last) (First) (Middle)

7900 E. UNION AVE, SUITE 320

(Street)

DENVER CO 80237

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
GOLD RESOURCE CORP [ GORO ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2025

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

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
DSU	(1)	09/30/2025		A		16,051		(2)	(2)	common stock	16,051	$0.7593	16,051	D

Explanation of Responses:

1. Each deferred stock unit ("DSU") represents the right to receive one share of common stock or cash equal to the value of one share of common stock as of the Redemption Date.

2. The deferred stock units vest immediately, meaning they become un-forfeitable at the time of grant but are redeemable at the earlier of the termination of the Reporting Person's service to the Issuer or ten years from the grant date.

	/s/ Chet Holyoak as attorney-in- fact for Ron Little	10/06/2025
	** 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 did Gold Resource Corp (GORO) report for Ronald Little on Form 4?

The filing reports a grant of 16,051 deferred stock units (DSUs) to Ronald Little on 09/30/2025, valued at $0.7593 per unit, which vested immediately.

What does one DSU represent in this filing?

Each DSU represents the right to receive one share of common stock or a cash payment equal to the value of one share at redemption.

When can the DSUs be redeemed?

The DSUs are redeemable at the earlier of the reporting person's termination of service or ten years from the grant date.

Did the Form 4 indicate whether this was a joint filing?

No; the filing indicates it was filed by one reporting person and was signed by an attorney‑in‑fact on behalf of Ronald Little.

How does immediate vesting affect shareholder considerations?

Immediate vesting reduces service‑based forfeiture conditions and could lead to future share issuance or cash settlement when DSUs are redeemed, which investors may view as potential dilution or cash impact.