[Form 4] PERPETUA RESOURCES CORP. Insider Trading Activity

Rhea-AI Filing Summary

Insider transaction summary: The President and CEO of Perpetua Resources Corp. (PPTA) reported transactions on 10/06/2025. 50,000 common shares were acquired upon settlement of vested performance share units at no cash cost to the reporting person, and 14,911 common shares were sold in multiple trades at a weighted average price of $23.72 to cover tax withholding. After these transactions the reporting person beneficially owned 36,249 common shares.

The sale prices ranged from $23.63 to $23.87, and the sale was explicitly to cover tax obligations tied to the performance share settlement. The Form 4 was signed by an attorney-in-fact on behalf of the reporting person, who is identified as President and CEO.

Positive

• 50,000 common shares received through PSU settlement on 10/06/2025>
• Sale was specifically to cover tax withholding, indicating routine administrative disposition rather than opportunistic liquidation

Negative

• Reduction in insider holdings to 36,249 shares following the transactions

Insights

Corporate Governance Analyst

Insider exercised/received PSUs and sold shares to meet tax obligations.

The reporting person received 50,000 common shares on 10/06/2025 following certification of performance measures, reflecting settlement of performance share units in equity rather than cash. Such settlements dilute outstanding shares modestly depending on company float and are a routine executive compensation outcome.

To satisfy tax withholding, the reporting person sold 14,911 shares at a weighted average of $23.72 (sales between $23.63 and $23.87). Monitor quarterly filings for any changes in executive ownership or additional equity grants within the next 12 months.

Equity Markets Specialist

Share sales were limited and clearly tied to tax withholding; price range is narrow.

The disclosed sale volume represents an internal tax-related disposition rather than a market-driven divestiture: 14,911 shares sold from the 50,000 share settlement. The weighted average sale price was $23.72, with individual trades between $23.63 and $23.87.

Given the sale was limited and for tax purposes, its immediate market impact is likely minimal, but investors may check trading volumes around 10/06/2025 and subsequent Form 4s for any further executive selling within the next few reporting periods.

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 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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	(See remarks (3))

3. Date of Earliest Transaction (Month/Day/Year)
10/06/2025

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
Common Shares	10/06/2025		A		50,000	A	$0	51,160	D
Common Shares	10/06/2025		S(1)		14,911	D	$23.72(2)	36,249	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 price included on this Form 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.63 to $23.87, 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 (1).

2. 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 Performance Share Units, which vested on October 6, 2025, when certification of the applicable performance measures occurred, and were settled in Common Shares of the Issuer following such certification.

Remarks:

(3) President and CEO.

	/s/ Tanya Nelson, as attorney-in-fact for Jonathan Cherry	10/06/2025
	** 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.
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FAQ

What did Perpetua Resources (PPTA) CEO report on Form 4 dated 10/06/2025?

The CEO reported acquisition of 50,000 common shares from settled performance share units and sale of 14,911 shares at a weighted average price of $23.72 to cover tax withholding.

Why were 14,911 PPTA shares sold by the reporting person?

The sale was executed to cover tax withholding obligations arising when the performance share units vested and were settled in common shares.

What was the sale price range for the shares sold by the PPTA reporting person?

Shares were sold in multiple transactions at prices ranging from $23.63 to $23.87, with a weighted average of $23.72.

How many PPTA shares does the reporting person own after the transactions?

The reporting person beneficially owned 36,249 common shares following the reported transactions.

Were the acquired shares purchased with cash?

No; the 50,000 shares were received upon settlement of performance share units and reported with a price of $0.