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

Rhea-AI Filing Summary

Ewa Bellissimo, a director of i-80 Gold Corp. (IAUX), received 21,851 Deferred Share Units (DSUs) as compensation on 08/20/2025 at an effective U.S. dollar value of $0.69 per DSU (converted from C$0.95 using C$1.3852=US$1.00). Each DSU is economically equivalent to one common share but the underlying common shares will not be issued and the reporting person has no voting or dispositive rights until she separates from the board. The DSUs vested immediately upon issuance and do not expire, resulting in beneficial ownership of 21,851 share-equivalents held directly.

Insights

Corporate Governance Expert

TL;DR: Routine director compensation awarded as DSUs; immediate vesting preserves retention but confers no current voting power.

The grant of 21,851 DSUs to a director is a customary non-cash compensation mechanism that aligns long-term interests with shareholders without increasing outstanding voting shares today. Immediate vesting removes future service-based forfeiture risk and secures the director economically, while the restriction on issuance and voting until separation preserves current governance structure. The award appears administrative and non-dilutive in the near term.

Securities Analyst

TL;DR: Non-derivative economic interest added; impact on equity and liquidity is immaterial until conversion or payment.

The DSU grant increases the director's economic exposure to the issuer by 21,851 share-equivalents at an implied US$0.69 per unit. Because underlying shares are not issued and voting rights are withheld until separation, there is no immediate change to the public float or voting dynamics. This is a routine compensation disclosure with limited near-term market impact.

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

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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^*

Bellissimo Ewa

(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		21,851		(1)	(3)	Common Shares	21,851	$0	21,851	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/ Ewa Bellissimo	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).
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