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

Rhea-AI Filing Summary

Einav Arthur, a director of i-80 Gold Corp. (IAUX), was granted 14,236 Deferred Share Units (DSUs) on 09/29/2025. Each DSU equals one common share economically but underlying shares will not be issued and Arthur has no voting or dispositive rights until he separates from the board. The DSUs vested immediately, do not expire, and the reported U.S. dollar equivalent price is $0.95 per DSU, converted from C$1.33 at C$1.3941 = US$1.00. Following the grant, the filing shows beneficial ownership of 14,236 common-share equivalents held directly as DSUs.

Positive

• Grant is explicitly disclosed with number of DSUs (14,236) and clear terms (vested immediately, no expiry)
• Economic equivalence clarified: each DSU equals one common share and conversion rate to USD is provided (C$1.33 at C$1.3941=US$1.00)

Negative

• None.

Insights

Financial Analyst

TL;DR: Director received immediately vested 14,236 DSUs (economic share equivalents); no voting rights until separation.

The grant of 14,236 Deferred Share Units to a director is a routine compensation event and is clearly disclosed. The DSUs are economically equivalent to 14,236 common shares and were recorded at a U.S. dollar equivalent price of $0.95 (converted from C$1.33 at the stated FX rate). Because the units vested immediately and do not expire, they represent a near-term compensation expense recognition for the company, although the filing does not disclose grant-date fair value, accounting treatment, or any impact on outstanding share count. The absence of voting or dispositive rights until separation reduces immediate governance implications from this award.

Corporate Governance Expert

TL;DR: Compensation was equity-linked but structured as DSUs with deferred issuance and no current voting rights.

The form discloses that the DSUs are economic equivalents of common shares and that underlying shares will not be issued until the director leaves the board, with no voting or dispositive rights in the interim. Immediate vesting and no expiration are specified, which simplifies administration and retention metrics. The filing does not provide details on the board’s compensation policy, peer benchmarking, or aggregate director compensation, so governance implications are limited to this single disclosed grant.

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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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).

1. Name and Address of Reporting Person^*

Einav Arthur

(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/ Arthur Einav	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 i-80 Gold Corp. (IAUX) report on Form 4 for 09/29/2025?

The filing reports that director Einav Arthur was granted 14,236 Deferred Share Units (DSUs) on 09/29/2025.

Do the DSUs issued to Einav Arthur carry voting rights?

No. The filing states the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares until separation as a director.

Did the DSUs vest immediately and do they expire?

Yes. The filing says the DSUs vested immediately upon issuance and do not expire.

How was the U.S. dollar amount per DSU derived in the filing?

The reported U.S. dollar equivalent of $0.95 per DSU was converted from C$1.33 using the rate C$1.3941 = US$1.00.

How many common-share equivalents does Einav Arthur beneficially own following the grant?

The filing shows 14,236 common-share equivalents held as DSUs following the reported transaction.