Perpetua Resources (NASDAQ: PPTA) director takes 828 DSUs in lieu of cash

Rhea-AI Filing Summary

Cole Andrew Phillip reported acquisition or exercise transactions in this Form 4 filing.

Perpetua Resources director Andrew Phillip Cole received a routine equity grant as part of his board compensation. He was awarded 828 Deferred Share Units (DSUs), each tied to one common share of Perpetua Resources. The grant reflects his election to take DSUs instead of a cash retainer for service during the second quarter of 2026.

The DSUs are fully vested on the grant date and will be settled in common shares or, if approved by the plan administrator, cash of equal value after he leaves board service. Following this grant, Cole holds 27,489 DSUs directly, representing deferred equity compensation rather than an open-market purchase.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cole Andrew Phillip

Role null

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	828	$21.12	$17K

Holdings After Transaction: Deferred Share Units — 27,489 shares (Direct, null)

Footnotes (1)

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 2026. The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service. Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on June 24, 2026.

Key Figures

Deferred Share Units granted: 828 DSUs Reference share price: $21.12 per share DSUs after transaction: 27,489 DSUs +3 more

6 metrics

Deferred Share Units granted 828 DSUs Grant for second quarter of 2026 board service

Reference share price $21.12 per share Based on Nasdaq closing price on June 24, 2026

DSUs after transaction 27,489 DSUs Total Deferred Share Units held following this grant

DSU-to-share ratio 1 DSU = 1 common share Each DSU entitles holder to one Perpetua common share or cash equivalent

Vesting status Fully vested at grant DSUs are fully vested as of the grant date

Settlement timing After separation from service DSUs settled following reporting person’s separation from board service

Key Terms

Deferred Share Units, DSU, Omnibus Equity Incentive Plan, Nasdaq Capital Market

4 terms

Deferred Share Units financial

"A deferred share unit ("DSU") entitles the holder to receive one common share of Perpetua Resources Corp."

Deferred share units are promises that give an executive or director the right to receive company shares or their cash value at a future date, often when they retire or leave the company. Think of them as a paycheck held in a savings account that converts into stock later; they matter to investors because they tie pay to long-term performance, create potential future dilution of shares, and represent a delayed cash or share obligation the company must eventually fulfill.

DSU financial

"A deferred share unit ("DSU") entitles the holder to receive one common share"

Omnibus Equity Incentive Plan financial

"subject to the approval of the administrator of the Issuer's Omnibus Equity Incentive 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.

Nasdaq Capital Market financial

"Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on June 24, 2026."

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/26/2026 - 07:53 PM Accepted by SEC EDGAR 06/26/2026 - 07:53 PM Learn about SEC filing dates

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^*

Cole Andrew Phillip

(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)
06/25/2026

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)	06/25/2026		A		828		(1)	(1)	Common Shares	828	$21.12(2)	27,489	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 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 June 24, 2026.

	/s/ Tanya Nelson, as attorney-in-fact for Andrew Cole	06/26/2026
	** 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 PPTA director Andrew Phillip Cole report?

Andrew Phillip Cole reported receiving 828 Deferred Share Units as board compensation. These DSUs are fully vested and were taken instead of a cash retainer for his second-quarter 2026 service on Perpetua Resources’ board.

How many Deferred Share Units does Andrew Phillip Cole hold in PPTA after this grant?

After the grant, Andrew Phillip Cole holds 27,489 Deferred Share Units. Each DSU is linked to one Perpetua Resources common share and represents deferred equity compensation to be settled after his separation from board service.

What does one Deferred Share Unit represent for Perpetua Resources (PPTA)?

Each Deferred Share Unit entitles the holder to one Perpetua Resources common share or, if approved, cash equal to its value upon settlement. Settlement occurs after the reporting person’s separation from service on the company’s board.

Was the PPTA Form 4 transaction an open-market stock purchase or sale?

The Form 4 transaction was a grant of 828 Deferred Share Units, not an open-market trade. Cole elected DSUs instead of a cash retainer, so this reflects equity-based compensation rather than buying or selling shares in the market.

How was the value of the PPTA Deferred Share Units determined for this grant?

The value of the 828 Deferred Share Units was based on the closing price of Perpetua Resources’ common shares on the Nasdaq Capital Market on June 24, 2026. That price was used to calculate the grant size for his board retainer.