[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 14,236 Deferred Share Units (DSUs) on 09/29/2025. Each DSU is economically equivalent to one common share but the underlying shares will not be issued and the reporting person has no voting or dispositive rights until they separate as a director. The DSUs were denominated at C$1.33 and converted to US$0.95 using an exchange rate of C$1.3941=US$1.00. The DSUs vested immediately upon issuance and do not expire. Following the transaction the reporting person beneficially owns 14,236 DSUs.

Positive

• Director compensation granted as DSUs which align executive interests with long-term shareholder value without immediate dilution
• DSUs vested immediately and do not expire, giving the director a protected economic interest

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: Director compensation in the form of immediately vested DSUs aligns pay with shareholder value without immediate dilution.

The filing shows routine director compensation via Deferred Share Units that convert economically to common shares on separation rather than issuing shares immediately. This structure delays dilution and preserves voting structure until separation. Immediate vesting increases the present economic stake of the director but does not transfer voting power. Materiality is limited: 14,236 DSUs is a disclosure-worthy compensation event but not clearly material to IAUX capitalization absent context on total outstanding shares.

Securities Analyst

TL;DR: This is a standard insider compensation disclosure; it records acquisition but no share issuance or sale.

The Form 4 reports an acquisition (code A) of 14,236 DSUs at an effective US$0.95 per unit (converted from C$1.33). Because underlying shares are not issued until director separation and there are no voting rights, immediate market impact is likely limited. The exchange-rate conversion and permanent vesting are notable specifics for modeling insider holdings. Overall impact on share count and liquidity is deferred.

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).

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)
09/29/2025

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)	$0.95(2)	09/29/2025		A		14,236		(1)	(3)	Common Shares	14,236	$0	14,236	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 C$1.33 at C$1.3941=US$1.00.

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

	/s/ Cassandra Pulskamp Joseph	09/29/2025
	** 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 IAUX director Joseph Cassandra Pulskamp acquire on 09/29/2025?

He received 14,236 Deferred Share Units (DSUs) according to the Form 4 filing.

Do the DSUs issued to the IAUX director give voting rights?

No. The DSUs confer no voting or dispositive rights until the director separates from the company.

What was the stated value per DSU in the IAUX Form 4?

$0.95 per DSU (USD equivalent), converted from C$1.33 at C$1.3941=US$1.00.

Did the DSUs vest immediately and do they expire?

Yes, they vested immediately upon issuance and they do not expire per the filing.

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

14,236 DSUs are reported as beneficially owned following the transaction.