Perpetua director sells shares to cover tax bill

Perpetua Resources director Jonathan Cherry sold 4,079 common shares to cover tax withholding obligations tied to recently vested Restricted Share Units.

Accepted by SEC EDGAR 04/02/2026 - 09:31 PM EDT Learn about SEC filing dates

Rhea-AI Filing Summary

Perpetua Resources director Jonathan Cherry sold 4,079 common shares to cover tax withholding obligations tied to recently vested Restricted Share Units. The shares, which vested on February 21, 2026 and were settled in common shares after the company’s blackout period ended on April 1, 2026, were sold on the open market at a weighted average price of $29.31 per share, in multiple trades between $29.28 and $29.44. After these sales, Cherry directly holds 44,895 common shares of Perpetua Resources.

Insider Trade Summary

Net Seller: 4,079 shares

Net Sell 1 txn

Insider Cherry Jonathan

Role (See remarks (3))

Sold 4,079 shs ($120K)

Share of Position Sold 8.3%

Type	Security	Shares	Price	Value
Sale	Common Shares	4,079	$29.31	$120K

Holdings After Transaction: Common Shares — 44,895 shares (Direct)

Holdings Before and After: Common Shares, 48,974 to 44,895 shares (Direct)

Other Insiders: 1 other insider reported open-market sales of this stock in the 30 days up to this filing.

Footnotes (2)

1. F1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of Restricted Share Units, which vested on February 21, 2026, and were settled in Common Shares of the Issuer following the end of the Issuer's blackout period on April 1, 2026.
2. F2. The sale price included on this Form 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from US$29.28 to US$29.44, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the ranges set forth in this footnote (2).

Key Figures

Shares sold: 4,079 shares Weighted average sale price: $29.31 per share Price range of sales: $29.28–$29.44 per share +3 more

6 metrics

Shares sold 4,079 shares Open-market sale on April 2, 2026

Weighted average sale price $29.31 per share Tax-related share sale

Price range of sales $29.28–$29.44 per share Multiple open-market transactions

Shares held after transaction 44,895 shares Direct holdings after April 2, 2026 sale

RSU vesting date February 21, 2026 Restricted Share Units that triggered tax

Blackout period end April 1, 2026 RSUs settled in common shares after this date

Key Terms

Restricted Share Units, weighted average price, blackout period, open-market sale

4 terms

Restricted Share Units financial

"in connection with the settlement of Restricted Share Units, which vested on February 21, 2026"

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.

weighted average price financial

"The sale price included on this Form 4 is a weighted average price."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

blackout period financial

"settled in Common Shares of the Issuer following the end of the Issuer's blackout period on April 1, 2026."

A blackout period is a temporary window when company insiders, employees or certain plan participants are barred from buying or selling the company’s stock, usually around earnings releases or other material events. It matters to investors because it reduces the risk of unfair trading based on secret information and can affect share liquidity and timing—think of it as a “no trading” zone set to keep the market fair and orderly.

open-market sale financial

"transaction_action": "open-market sale""

An open-market sale is when a shareholder sells existing shares directly on a public exchange to any willing buyer, rather than through a private deal. Think of it like putting goods on a busy market stall where price is set by supply and demand; for investors it matters because such sales increase available supply, can put short-term downward pressure on the stock price, and signal changes in liquidity or investor confidence.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Perpetua Resources (PPTA) director Jonathan Cherry do in this Form 4 filing?

Jonathan Cherry sold 4,079 Perpetua Resources common shares. The sale was made to cover tax withholding obligations from recently vested Restricted Share Units, and occurred in open-market transactions at a weighted average price of $29.31 per share.

Why were Jonathan Cherry’s Perpetua Resources (PPTA) shares sold?

The shares were sold specifically to cover tax withholding obligations related to Restricted Share Units. Those RSUs vested on February 21, 2026 and were settled in common shares after Perpetua’s blackout period ended on April 1, 2026.

How many Perpetua Resources (PPTA) shares did Jonathan Cherry sell and at what price?

He sold 4,079 common shares at a weighted average price of $29.31. The sales occurred in multiple transactions, with prices ranging from $29.28 to $29.44 per share, all executed in the open market.

How many Perpetua Resources (PPTA) shares does Jonathan Cherry own after this transaction?

After the tax-related sale, Jonathan Cherry directly holds 44,895 common shares of Perpetua Resources. This figure reflects his remaining position following the 4,079-share open-market sale disclosed in the Form 4 filing.

Were Jonathan Cherry’s Perpetua Resources (PPTA) share sales part of a trading plan?

The disclosure notes the sales were to cover tax withholding obligations following RSU vesting. It does not describe a Rule 10b5-1 trading plan, instead emphasizing the tax-driven nature of the open-market transactions.

AI-generated analysis. How Rhea-AI works. Not financial advice.

Form 4 Insider Transactions: What Each Field Means →

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

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).

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^*

Cherry Jonathan

(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
X	Officer (give title below)		Other (specify below)
	(See remarks (3))

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/02/2026

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
Common Shares	04/02/2026		S(1)		4,079	D	$29.31(2)	44,895	D

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

Explanation of Responses:

1. The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of Restricted Share Units, which vested on February 21, 2026, and were settled in Common Shares of the Issuer following the end of the Issuer's blackout period on April 1, 2026.

2. The sale price included on this Form 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from US$29.28 to US$29.44, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the ranges set forth in this footnote (2).

Remarks:

(3) President and CEO.

	/s/ Tanya Nelson, as attorney-in-fact for Jonathan Cherry	04/02/2026
	** 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)