Perpetua Resources (NASDAQ: PPTA) director takes fees in deferred share units

Rhea-AI Filing Summary

Malmen Jeffrey L reported acquisition or exercise transactions in this Form 4 filing.

PERPETUA RESOURCES CORP. director Jeffrey L. Malmen received a grant of 694 Deferred Share Units as compensation. Each unit entitles him to one common share, or equivalent cash at settlement, based on the Nasdaq closing price of $25.18 on March 24, 2026. He elected these units instead of a cash retainer for his first-quarter 2026 board service. The units are fully vested on the grant date and will be settled after he leaves the board, bringing his total Deferred Share Units to 59,428.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Malmen Jeffrey L

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	694	$25.18	$17K

Holdings After Transaction: Deferred Share Units — 59,428 shares (Direct)

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

Form 4 Insider Transactions: What Each Field Means →

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^*

Malmen Jeffrey L

(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)	59,428	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 Jeffrey L Malmen	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 Perpetua Resources (PPTA) report for Jeffrey L. Malmen?

Perpetua Resources reported that director Jeffrey L. Malmen received 694 Deferred Share Units as a grant. These units are compensation for his first-quarter 2026 board service and are fully vested on the grant date, settling after he leaves the board.

How many Deferred Share Units does Jeffrey L. Malmen hold after this PPTA transaction?

After the latest grant, Jeffrey L. Malmen holds 59,428 Deferred Share Units. This figure reflects his total position following the award of 694 new units for first-quarter 2026 director compensation at Perpetua Resources.

What value was used to calculate the Deferred Share Units granted to the Perpetua Resources director?

The 694 Deferred Share Units were valued using the $25.18 closing price of Perpetua Resources common shares on the Nasdaq Capital Market on March 24, 2026. That closing price determined how many units Malmen received in lieu of his cash retainer.

Are the Deferred Share Units granted to the PPTA director immediately vested?

Yes, the Deferred Share Units granted to the Perpetua Resources director are fully vested on the grant date. Although vested immediately, they will only be settled in common shares or cash after his separation from board service, deferring actual payout.

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

Jeffrey L. Malmen elected to receive Deferred Share Units instead of a cash retainer for his first-quarter 2026 board service. This choice converts his normal cash fee into equity-linked compensation that will be settled after he leaves the Perpetua Resources board.