Osisko Development (ODV) issues annual stock option and RSU awards

Rhea-AI Filing Summary

Osisko Development Corp. filed a report highlighting its annual equity-based compensation awards to senior officers and non-executive employees. The company granted 1,104,400 stock options and 1,426,600 restricted share units under its omnibus equity incentive plan as part of its regular compensation cycle.

The options have an exercise price of C$4.51 per common share, expire on April 1, 2031, and vest in three equal annual installments. The RSUs will cliff vest on April 1, 2029, subject to time and performance conditions, aligning employee incentives with the company’s longer-term gold development objectives.

Key Figures

Stock options granted: 1,104,400 options RSUs granted: 1,426,600 RSUs Option exercise price: C$4.51 per share +3 more

6 metrics

Stock options granted 1,104,400 options Annual incentive awards under omnibus equity incentive plan

RSUs granted 1,426,600 RSUs Annual incentive awards to senior officers and employees

Option exercise price C$4.51 per share Based on March 31, 2026 TSX Venture Exchange closing price

Option expiry date April 1, 2031 Term of granted stock options

Option vesting schedule 3 equal installments Vests over the next three years

RSU vesting date April 1, 2029 Cliff vesting subject to time and performance conditions

Key Terms

restricted share units, omnibus equity incentive plan, cliff vest, forward-looking statements, +1 more

5 terms

restricted share units financial

"and (ii) 1,426,600 restricted share units of the Company ("RSUs")"

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

omnibus equity incentive plan financial

"pursuant to the Company's omnibus equity incentive plan ("Omnibus Plan")"

A single, company-wide plan that lets a business grant different kinds of stock-based pay — such as stock options, shares that vest over time, or other equity awards — to employees, directors and consultants. It matters to investors because it determines how much of the company can be paid out in shares, how quickly those shares enter the market, and how well employees are motivated to grow the business; think of it as a toolbox or menu for paying with ownership stakes that can dilute existing holders and affect company performance.

cliff vest financial

"The RSUs will cliff vest on April 1, 2029"

A cliff vest is a schedule for stock options or restricted shares where no ownership rights are earned until a fixed date, after which a set portion becomes fully owned all at once — like a probation period that suddenly unlocks pay. Investors watch cliff vests because they influence when insiders can sell shares, affect staff retention and dilution timing, and help predict short-term changes in a company’s shareholder makeup.

forward-looking statements regulatory

"This news release contains "forward-looking information" ... and "forward-looking statements""

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

fully permitted technical

"its flagship, fully permitted, 100%-owned Cariboo Gold Project"

Form 6-K: How Foreign Companies Report to the SEC →

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of April 2026

Commission File Number: 001-41369

Osisko Development Corp.
(Translation of registrant's name into English)

1100 Avenue des Canadiens-de-Montréal, Suite 300, Montréal, Quebec H3B 2S2
(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F [   ]      Form 40-F [ X ]

EXHIBIT INDEX

Exhibit Number		Description
99.1		Press Release dated April 2, 2026

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Osisko Development Corp.
		(Registrant)
Date: April 1, 2026		/s/ Alexander Dann
		Alexander Dann
		Chief Financial Officer and VP Finance

EXHIBIT 99.1

Osisko Development Announces Annual Grant of Incentive Awards

MONTREAL, April 01, 2026 (GLOBE NEWSWIRE) -- Osisko Development Corp. (NYSE: ODV, TSXV: ODV) ("Osisko Development" or the "Company") announces that, as part of the annual compensation review conducted by its Board of Directors, it has granted an aggregate of (i) 1,104,400 stock options of the Company (the "Options"), and (ii) 1,426,600 restricted share units of the Company ("RSUs") to certain senior officers and non-executive employees (collectively, the "Incentive Awards"), pursuant to the Company's omnibus equity incentive plan ("Omnibus Plan").

The Incentive Awards form part of the Company's security-based compensation grants as part of its annual compensation cycle. The Options are exercisable at a price of C$4.51 per common share of the Company (based on the March 31, 2026, closing price on the TSX Venture Exchange) and will expire on April 1, 2031. The Options will vest in three equal installments over the next three years. The RSUs will cliff vest on April 1, 2029, and are subject to time and performance conditions.

ABOUT OSISKO DEVELOPMENT CORP.

Osisko Development Corp. is a continental North American gold development company focused on past producing mining camps with district scale potential. The Company's objective is to become an intermediate gold producer through the development of its flagship, fully permitted, 100%-owned Cariboo Gold Project, located in central British Columbia, Canada. Its project pipeline is complemented by the Tintic Project located in the historic East Tintic mining district in Utah, U.S.A., a brownfield property with significant exploration potential, extensive historical mining data, and access to established infrastructure. Osisko Development is focused on developing long-life mining assets in mining-friendly jurisdictions while maintaining a disciplined approach to capital allocation, development risk management, and mineral inventory growth.

For further information, contact:

Sean Roosen	Philip Rabenok
Chairman and CEO	Vice President, Investor Relations
Email: sroosen@osiskodev.com	Email: prabenok@osiskodev.com
Tel: +1 (514) 940-0685	Tel: +1 (437) 423-3644

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking information" (within the meaning of applicable Canadian securities laws) and "forward-looking statements" (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, as amended) (collectively, "forward-looking statements"). Such forward-looking statements are identified with words such as "may", "will", "would", "could", "anticipate", "believe", "expect", "plan", "intend", "potential", "estimate", "propose", "project", "outlook", "foresee", "objective", "strategy", variants of these words or the negative or comparable terminology, as well as terms usually used in the future and the conditional. Information contained in forward-looking statements is based upon certain material assumptions that were applied in drawing a conclusion or making a forecast or projection, including the assumptions, qualifications, limitations or statements pertaining to: the ability to develop the Cariboo Gold Project and its status as being fully permitted; the exploration potential and prospectivity (if any) of its properties. Such forward-looking statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. These assumptions include, but are not limited to: the absence of work stoppages or suspensions at the Cariboo Gold Project; favourable regulatory conditions and approvals; the ability to maintain adequate personnel and contractor levels; the absence of unforeseen ground conditions or other geological challenges; the availability of necessary equipment, supplies and infrastructure; and general economic and market conditions. Actual results could differ materially due to a number of factors, including, without limitation: risks related to the exploration, development and operation of the Cariboo Gold Project; health, safety and security incidents; regulatory delays or changes in regulatory framework and applicable laws; labour shortages or disputes; general economic and market conditions and business conditions in the mining industry; fluctuations in commodity and currency exchange rates; changes in regulatory framework and applicable laws, as well as those risks and factors disclosed in the Company's most recent annual information form, financial statements and management's discussion and analysis as well as other public filings on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov). Although the Company believes the expectations conveyed by the forward-looking statements are reasonable based on information available as of the date hereof, no assurances can be given as to future results, levels of activity and achievements. The Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by law. Forward-looking statements are not guarantees of performance and there can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

FAQ

What did Osisko Development (ODV) announce in this 6-K filing?

Osisko Development announced its annual grant of equity-based incentive awards. The company issued 1,104,400 stock options and 1,426,600 restricted share units to certain senior officers and non-executive employees under its omnibus equity incentive plan as part of its regular compensation review.

How many stock options and RSUs did Osisko Development (ODV) grant?

Osisko Development granted 1,104,400 stock options and 1,426,600 restricted share units. These awards form part of the company’s annual security-based compensation program for senior officers and non-executive employees, aiming to align their interests with long-term shareholder value.

What are the key terms of Osisko Development (ODV) stock options?

The stock options are exercisable at C$4.51 per common share and expire on April 1, 2031. They vest in three equal installments over three years, providing a multi-year incentive structure tied to the company’s performance and share price over time.

How do Osisko Development (ODV) RSUs vest under this grant?

The restricted share units will cliff vest on April 1, 2029. Vesting is subject to time and performance conditions, meaning recipients must remain with the company and meet specified performance criteria before the RSUs convert into common shares.

What is Osisko Development (ODV)’s main business focus?

Osisko Development is a North American gold development company focused on past producing mining camps. Its objective is to become an intermediate gold producer, led by the fully permitted, 100%-owned Cariboo Gold Project in British Columbia and complemented by the Tintic Project in Utah.

Under which plan were Osisko Development (ODV) incentive awards granted?

The incentive awards were granted under Osisko Development’s omnibus equity incentive plan. This plan governs security-based compensation such as stock options and restricted share units, providing a framework for aligning employee rewards with the company’s long-term development and growth strategy.

Filing Exhibits & Attachments

1 document

Press Releases

• EX-99.1 PRESS RELEASE 7.8 KB