[Form 4] i-80 Gold Corp. Insider Trading Activity

Rhea-AI Filing Summary

Joseph Cassandra Pulskamp, a director of i-80 Gold Corp. (IAUX), received 20,030 Deferred Share Units (DSUs) on 08/20/2025 valued at US$0.69 each (conversion from C$0.95 at C$1.3852=US$1.00). The DSUs are the economic equivalent of common shares but the underlying common shares will not be issued and the reporting person has no voting or dispositive rights until they cease to serve as a director. The DSUs vested immediately upon issuance and do not expire. Following the reported transaction, the reporting person beneficially owns 20,030 DSUs (reported as direct ownership on the form). The Form 4 was signed on 08/21/2025.

Insights

Corporate Governance Expert

TL;DR: Director compensation granted as vested DSUs creates deferred equity exposure without current voting rights.

The filing documents a routine director award of 20,030 Deferred Share Units that vest immediately and do not expire. Because the DSUs are settled only upon separation from the board, the issuer retains the share issuance timing and current governance rights remain unchanged; the director gains long-term economic exposure aligned to shareholder value but no present voting influence. This is a standard non-cash compensation mechanism for directors and appears administrative rather than indicative of a governance shift.

Securities Analyst

TL;DR: A non-cash, vested award of 20,030 DSUs valued at US$0.69 each; immaterial to capital structure today.

The transaction increased the reporting person’s beneficial DSU holdings to 20,030 units. The conversion note shows the US dollar equivalent derived from C$0.95 at C$1.3852 per US$1.00; the reported per-unit US value is US$0.69. Because underlying shares are not issued until director departure, there is no immediate dilution or change in outstanding common shares. This disclosure is relevant for tracking insider compensation but does not represent a share sale or purchase affecting market liquidity.

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^*

Joseph Cassandra Pulskamp

(Last) (First) (Middle)

C/O I-80 GOLD CORP.

5190 NEIL ROAD, SUITE 460

(Street)

RENO NV 89820

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
i-80 Gold Corp. [ IAUX ]

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)
08/20/2025

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
Deferred Share Units(1)	$0.69(2)	08/20/2025		A		20,030		(1)	(3)	Common Shares	20,030	$0	20,030	D

Explanation of Responses:

1. Each Deferred Share Unit ("DSU") is the economic equivalent of one of the Issuer's common shares. The underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until the separation of the reporting person as a director of the Issuer.

2. Converted from C0.95 at C$1.3852=US$1.00

3. The DSUs vested immediately upon issuance and do not expire.

	/s/ Cassandra Joseph	08/21/2025
	** 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

Who filed the Form 4 for IAUX?

Reporting person: Joseph Cassandra Pulskamp, a director of i-80 Gold Corp.

What was the transaction on 08/20/2025 reported on the Form 4 (IAUX)?

Granted 20,030 Deferred Share Units (DSUs) with a reported US value of $0.69 per unit (converted from C$0.95 at C$1.3852=US$1.00).

Do the DSUs give voting rights or immediate shares?

No. The underlying common shares will not be issued and the reporting person has no voting or dispositive rights until separation as a director.

Did the DSUs vest and do they expire?

The DSUs vested immediately upon issuance and do not expire according to the filing.

How many DSUs does the reporting person beneficially own after the transaction?

20,030 DSUs are reported as beneficially owned following the transaction.