[Form 4] Perpetua Resources Corp. Insider Trading Activity

Rhea-AI Filing Summary

Form 4 filing dated 06/26/2025 shows Perpetua Resources Corp. (PPTA) director Chris J. Robison acquired 806 Deferred Share Units (DSUs) on 06/25/2025 under the company’s Omnibus Equity Incentive Plan.

The director elected to receive DSUs in lieu of a cash retainer for Q2 2025. Each DSU converts into one common share (or cash of equal value) upon separation from service and is fully vested at grant. The valuation reference price was US$13.09, PPTA’s Nasdaq close on 06/24/2025.

Post-transaction, Robison’s beneficial ownership rises to 68,360 DSUs. No open-market purchase or sale of common shares was reported; ownership remains classified as Direct (D).

The filing represents routine board compensation and does not materially impact share count, liquidity, or control. However, by choosing equity over cash, the director modestly strengthens alignment with shareholder interests.

Positive

• Director opted for equity compensation, slightly increasing shareholder-aligned ownership

Negative

• None.

Insights

Corporate Governance Analyst

TL;DR: Routine DSU grant; neutral to slightly positive governance signal.

This Form 4 simply documents the quarterly board retainer being taken as 806 DSUs rather than cash. The award is small (<1 % of float) and non-dilutive because it comes from the equity plan’s existing pool. From a governance standpoint, electing stock-settled pay modestly aligns incentives and defers cash outflow, but the economic effect on the company and shareholders is immaterial. No insider buying or selling occurred, so there is no directional signal for near-term price action.

Portfolio Manager

TL;DR: Insignificant position change—no portfolio action warranted.

The 806-unit DSU addition (~US$10.6k) lifts Robison’s holdings to 68,360 units, but this is routine compensation, not an opportunistic purchase. Liquidity, cap-table structure, and EPS are unaffected. Consequently, the disclosure is not a catalyst for re-weighting PPTA in an investment portfolio.

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
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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^*

Robison Chris J

(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)
06/25/2025

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)	06/25/2025		A		806		(1)	(1)	Common Shares	806	$13.09(2)	68,360	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 second 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 June 24, 2025.

	/s/ Tanya Nelson, as attorney-in-fact for Chris Robison	06/26/2025
	** 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 insider transaction did PPTA report on 06/25/2025?

Director Chris Robison acquired 806 Deferred Share Units as part of his Q2 2025 board retainer.

How many DSUs does Chris Robison now hold in Perpetua Resources (PPTA)?

After the grant, Robison beneficially owns 68,360 DSUs.

What price was used to value the newly issued DSUs?

The DSUs were valued at US$13.09, the Nasdaq closing price on 06/24/2025.

Did the Form 4 disclose any open-market purchases or sales of PPTA common shares?

No. The filing only records a DSU award; no shares were bought or sold on the market.

Why were DSUs granted instead of cash?

Robison elected to receive equity in lieu of the cash retainer, a choice allowed under the company’s Omnibus Equity Incentive Plan.