[Form 4] PERPETUA RESOURCES CORP. Insider Trading Activity

Rhea-AI Filing Summary

Perpetua Resources director Richie Darrin Haddock received 368 deferred share units (DSUs) on 09/25/2025 in lieu of a cash retainer, each convertible into one common share or cash at settlement. The DSUs are fully vested on grant and will be settled after the reporting person’s separation from service. The grant used a price reference of $18.86 per share based on the 09/24/2025 Nasdaq close. Following this grant, Mr. Haddock beneficially owns 26,807 common shares. The filing indicates the award is part of routine director compensation under the company’s omnibus equity plan.

Insights

Financial Analyst

TL;DR: Director received a routine, fully vested DSU grant of 368 units, modest in size relative to total holdings; neutral for near-term valuation.

The grant of 368 DSUs converts to 368 common shares upon settlement and uses a reference price of $18.86, implying a notional value of roughly $6,942 at grant date. The units are fully vested and deferred until separation, so there is no immediate dilution to outstanding shares and no cash outflow until settlement if shares are delivered. This is standard director compensation and does not represent a material corporate transaction or operational change.

Corporate Governance Expert

TL;DR: Compensation structured as DSUs aligns director pay with shareholder value but is routine and limited in scale.

Using DSUs for director retainer aligns incentives by tying compensation to equity value and deferring settlement until departure, which supports long-term focus. The units are fully vested on grant, which reduces retention leverage but is common for non-employee directors receiving periodic retainer elections. The disclosure is transparent about settlement mechanics and valuation reference; no governance concerns are apparent from this single, modest award.

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^*

Haddock Richie Darrin

(Last) (First) (Middle)

405 S. 8TH STREET, STE 201

(Street)

BOISE ID 83702

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
PERPETUA RESOURCES CORP. [ PPTA ]

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)
09/25/2025

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)	09/25/2025		A		368		(1)	(1)	Common Shares	368	$18.86(2)	26,807	D

Explanation of Responses:

1. A deferred share unit ("DSU") entitles the holder to receive one common share of Perpetua Resources Corp. (the "Issuer") (or, at the election of the holder and subject to the approval of the administrator of the Issuer's Omnibus Equity Incentive Plan, cash equal to the value thereof on the date of settlement) for each DSU. The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the third quarter of 2025. The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service.

2. Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on September 24, 2025.

	/s/ Tanya Nelson, as attorney-in-fact for Richie Darrin Haddock	09/26/2025
	** 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 PPTA director Richie Darrin Haddock receive on 09/25/2025?

He received 368 deferred share units (DSUs), each entitling him to one common share or cash at settlement.

Are the DSUs granted to Richie Haddock vested immediately?

Yes, the DSUs are reported as fully vested as of the date of grant.

How many Perpetua Resources common shares does Haddock beneficially own after the grant?

Following the reported transaction, he beneficially owns 26,807 common shares.

What price was used to value the DSUs on the Form 4?

The DSUs were valued using the $18.86 closing price on the Nasdaq Capital Market for 09/24/2025.

When will the DSUs be settled?

The DSUs will be settled following the reporting person’s separation from service, per the filing.