[6-K] Gold Royalty Corp. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Sysco Corporation (SYY) – Form 4, filed 24 Jul 2025: EVP & CHRO Ronald L. Phillips exercised three tranches of employee stock options on 23 Jul 2025—30,358 shares at $76.94, 962 shares at $69.95, and 6,286 shares at $74.85 (total 37,606 shares). He simultaneously sold the same number of shares at a fixed price of $81.00 under a pre-arranged Rule 10b5-1 plan.

• Gross sale proceeds: ≈ $3.04 million.
• Exercise cost: ≈ $2.87 million.
• Estimated pre-tax spread: ≈ $0.17 million.
• Post-transaction common shares owned: 30,234.963 (down ≈ 55%).
• Remaining vested options: 1,922 at $69.95 (exp. 9 Sep 2033) and 12,571 at $74.85 (exp. 9 Aug 2033); the $76.94 grant is fully exercised.

The filing signals a sizable reduction in the insider’s direct equity stake, though sales were executed via a 10b5-1 plan, mitigating concerns about timing. No new option grants or company-level financial data are disclosed.

Insights

Securities Analyst

TL;DR – Neutral: routine 10b5-1 option exercise coupled with ~$3 m sale; insider stake halved.

Phillips monetised 37.6 k shares, pocketing a modest spread while trimming his direct ownership to ~30 k shares. Because transactions were pre-scheduled under Rule 10b5-1, market-timing risk is low. However, a ~55 % reduction in holdings can still be viewed as a mild negative sentiment indicator. The dollar amount (≈ $3 m) is immaterial relative to Sysco’s $38 bn market cap, so the event should not affect valuation.

Corporate Governance Expert

TL;DR – Planned sale limits governance concern; watch pace of future disposals.

Use of an established 10b5-1 plan aligns with best-practice insider-trading controls. The large share sale narrows alignment between the executive and shareholders but still leaves a meaningful residual stake. No red flags on option pricing or grant terms. Overall governance impact is limited.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of July 2025

Commission File Number 001-40099

GOLD ROYALTY CORP.

(Registrant’s name)

1188 West Georgia Street, Suite 1830

Vancouver, BC V6E 4A2

(604) 396-3066

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F ☒ Form 40-F ☐

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	GOLD ROYALTY CORP.
Date: July 24, 2025	By:	/s/ Andrew Gubbels
	Name:	Andrew Gubbels
	Title:	Chief Financial Officer

EXHIBIT INDEX

Exhibit		Description of Exhibit
99.1		Press Release dated July 24, 2025

FAQ

How many Sysco (SYY) shares did EVP Ronald L. Phillips sell on 23 Jul 2025?

He sold 37,606 common shares at $81.00 each.

Were the Sysco insider sales pre-planned?

Yes, all exercises and sales were executed under a Rule 10b5-1 trading plan.

What is Ronald L. Phillips’ remaining Sysco shareholding after the transactions?

He now holds 30,234.963 common shares directly.

How much cash did the insider realize from the sale?

Gross proceeds were approximately $3.04 million.

Does the Form 4 disclose any new option grants?

No; it only reports the exercise and sale of previously granted options.