Perpetua Resources (NASDAQ: PPTA) director takes 694 DSUs as fees

Rhea-AI Filing Summary

Sternhell Alexander McLeod reported acquisition or exercise transactions in this Form 4 filing.

Perpetua Resources Corp. director Alexander McLeod Sternhell received a grant of 694 Deferred Share Units as compensation for his service during the first quarter of 2026. Each DSU entitles him to one common share or, if approved, a cash payment equal to its value at settlement. The DSUs are fully vested on the grant date, will be settled after his separation from service, and bring his total reported DSU holdings to 58,740.

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^*

Sternhell Alexander McLeod

(Last) (First) (Middle)

405 S. 8TH STREET, STE 201

(Street)

BOISE IDAHO 83702

(City) (State) (Zip)

UNITED STATES

(Country)

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)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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)	03/25/2026		A		694		(1)	(1)	Common Shares	694	$25.18(2)	58,740	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 first quarter of 2026. 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 March 24, 2026.

	/s/ Tanya Nelson, as attorney-in-fact for Alexander Sternhell	03/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Alexander McLeod Sternhell report for PERPETUA RESOURCES CORP. (PPTA)?

Alexander McLeod Sternhell reported receiving 694 Deferred Share Units as a grant for his board service in the first quarter of 2026. These units are fully vested and increase his reported Deferred Share Unit holdings to 58,740.

How are the Deferred Share Units reported for PPTA Form 4 settled?

Each Deferred Share Unit entitles the holder to receive one Perpetua Resources common share, or cash equal to its value on the settlement date if approved. Settlement occurs after the reporting person separates from service with the company.

What was the reference price for the 694 Deferred Share Units granted at PPTA?

The 694 Deferred Share Units were valued using the closing price of Perpetua Resources common shares on the Nasdaq Capital Market on March 24, 2026. The reported transaction price per unit in the filing is 25.18.

Why did the PPTA director receive Deferred Share Units instead of cash?

The director elected to receive Deferred Share Units in lieu of a cash retainer for service during the first quarter of 2026. This election converts cash compensation into equity-linked units that settle in common shares or cash after service ends.

Are the newly granted PPTA Deferred Share Units immediately vested?

Yes. The filing states that the Deferred Share Units are fully vested as of the grant date. Although vested immediately, they will not be settled until after the reporting person’s separation from service with Perpetua Resources Corp.

How many Deferred Share Units does the PPTA director hold after this Form 4 transaction?

Following the grant of 694 Deferred Share Units, the reporting person holds a total of 58,740 Deferred Share Units. This total reflects his direct beneficial ownership of this derivative-based equity compensation position after the reported transaction.