Hycroft Mining Form 4: 38k RSU Award to Director Thomas Weng

Rhea-AI Filing Summary

Hycroft Mining Holding Corp. (HYMC) – Director equity grant

According to the Form 4 filed on 07/02/2025, director Thomas S. Weng received an award of 38,339 restricted stock units (RSUs) on 06/30/2025. One half of the award (19,170 RSUs) vested immediately on the grant date, while the remaining 19,170 RSUs will vest on 06/30/2026, conditional on continued board service. Each RSU represents the right to one share of Class A common stock.

After the grant Mr. Weng beneficially owns 90,609 shares, which include 19,170 unvested RSUs. The transaction was coded “A” (award) at a price of $0, indicating no cash purchase or sale. Mr. Weng has elected to defer conversion of all RSUs into common stock until his separation from service or until trading restrictions lapse.

The filing is largely administrative: the award marginally increases potential share count but strengthens insider-shareholder alignment and provides a two-year retention incentive. No derivative exercises, sales, or additional acquisitions were disclosed.

Insights

Securities Analyst

TL;DR: Routine RSU grant; neutral financial impact, mild governance positive.

The 38,339-share RSU award represents a negligible fraction of Hycroft’s outstanding equity, so dilution and earnings impact are immaterial. Because the shares were granted, not purchased, the filing does not convey incremental insider conviction about valuation. Nonetheless, the two-step vesting schedule improves board retention and raises the director’s stake to 90,609 shares, marginally enhancing alignment with shareholders. Overall, the disclosure is neutral from a valuation standpoint and is unlikely to move the market.

Insider Trade Summary

Net Buyer: 38,339 shares

Net Buy 1 txn

Insider WENG THOMAS S.

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Class A Common Stock	38,339	$0.00	$0.00

Holdings After Transaction: Class A Common Stock — 90,609 shares (Direct)

Footnotes (3)

1. F1. Represents an award of 38,339 restricted stock units ("RSUs") by the issuer, of which 19,170 vested on June 30, 2025 (the date of grant), and 19,170 will vest on June 30, 2026.
2. F2. Each RSU represents a contingent right to receive one share of the issuer's Class A common stock. The RSUs will convert into shares of common stock upon vesting; provided, however, that if, on the conversion date, the reporting person is prohibited from trading in the issuer's securities pursuant to applicable securities laws or the issuer's policies, the conversion date shall be, in the determination of the Compensation Committee of the issuer's Board of Directors, the second trading day after the date the reporting person is no longer prohibited from trading. The recipient has elected to defer the conversion of their RSUs to common stock until the date of their separation from service as a director.
3. F3. Of this amount, 19,170 were unvested RSUs as of July 2, 2025.

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

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Form 4 Insider Transactions: What Each Field Means →

Accepted by SEC EDGAR 07/02/2025 - 06:55 PM Learn about SEC filing dates

FAQ

What insider activity did HYMC report in the July 2 2025 Form 4?

Director Thomas S. Weng was granted 38,339 RSUs on 06/30/2025, half of which vested immediately.

How many Hycroft Mining (HYMC) shares does Thomas Weng own after the grant?

The Form 4 lists 90,609 shares beneficially owned, including 19,170 unvested RSUs.

When will the remaining RSUs awarded to the HYMC director vest?

The second tranche of 19,170 RSUs is scheduled to vest on June 30, 2026.

Does the filing indicate an open-market insider purchase of HYMC stock?

No. The transaction code “A” shows an equity grant; no cash was exchanged.

Can the RSUs convert to HYMC shares immediately upon vesting?

Conversion is deferred until Mr. Weng leaves the board or trading restrictions are lifted, per his election.

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
Estimated average burden
hours per response:			0.5

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^*

WENG THOMAS S.

(Last) (First) (Middle)

C/O HYCROFT MINING HOLDING CORPORATION

P.O. BOX 3030

(Street)

WINNEMUCCA NV 89446

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
HYCROFT MINING HOLDING CORP [ HYMC ]

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)
06/30/2025

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
Class A Common Stock	06/30/2025		A		38,339(1)(2)	A	$0	90,609(3)	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

Explanation of Responses:

1. Represents an award of 38,339 restricted stock units ("RSUs") by the issuer, of which 19,170 vested on June 30, 2025 (the date of grant), and 19,170 will vest on June 30, 2026.

2. Each RSU represents a contingent right to receive one share of the issuer's Class A common stock. The RSUs will convert into shares of common stock upon vesting; provided, however, that if, on the conversion date, the reporting person is prohibited from trading in the issuer's securities pursuant to applicable securities laws or the issuer's policies, the conversion date shall be, in the determination of the Compensation Committee of the issuer's Board of Directors, the second trading day after the date the reporting person is no longer prohibited from trading. The recipient has elected to defer the conversion of their RSUs to common stock until the date of their separation from service as a director.

3. Of this amount, 19,170 were unvested RSUs as of July 2, 2025.

	/s/ Thomas S. Weng	07/02/2025
	** 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.
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