[Form 4] Perpetua Resources Corp. Insider Trading Activity

Rhea-AI Filing Summary

Michael Stephen Wright, identified as VP, Projects at Perpetua Resources Idaho Inc., reported purchases and a sale of Perpetua Resources Corp. (PPTA) common shares. On 08/31/2025 he was reported as acquiring 10,000 shares (shown at a reported price of $0) increasing his beneficial ownership to 24,195 shares. On 09/02/2025 he sold 10,000 shares in multiple trades at a weighted average price of $18.31 (prices ranged $18.29–$18.32), leaving him with 14,195 shares beneficially owned. The Form 4 was signed by Tanya Nelson as attorney-in-fact for Mr. Wright on 09/03/2025. The filing includes a footnote disclosing the weighted-average sale price and an undertaking to provide details on individual trade prices upon request.

Positive

• Transactions fully disclosed on Form 4 with required explanatory footnote regarding weighted-average sale price
• Reporting person retains beneficial ownership of 14,195 common shares after the transactions

Negative

• Insider disposed of 10,000 shares, reducing beneficial ownership from 24,195 to 14,195 shares
• Acquisition reported at $0 without accompanying plan or grant details in this filing, leaving context unclear

Insights

Financial Analyst

TL;DR: Insider executed a short-term acquisition and immediate sale, netting a reduced beneficial position of 14,195 shares.

The reported transactions show a non-derivative acquisition of 10,000 common shares on 08/31/2025 followed by a disposal of the same amount on 09/02/2025 at a weighted average of $18.31 per share, leaving the reporting person with 14,195 shares. The acquisition is recorded at $0 on the Form, which is presented without explanation in the filing; no derivatives, grants terms, or compensation context are provided. For investors, this is a factual disclosure of insider activity rather than an operational or financial disclosure by the issuer.

Corporate Governance Expert

TL;DR: Routine Form 4 filing documents insider trades; transaction timing and $0 acquisition price warrant review of grant context.

The Form 4 cleanly documents the change in beneficial ownership and includes the required explanatory footnote about the weighted-average sale price. The filer is identified as an officer of a subsidiary. The entry showing an acquisition at a price of $0 suggests a non-cash grant, option exercise with zero net cost, or clerical reporting convention, but the filing does not provide the grant instrument or plan reference. The attorney-in-fact signature is present, satisfying signature requirements.

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^*

Wright Michael Stephen

(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 (2))

3. Date of Earliest Transaction (Month/Day/Year)
08/31/2025

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	08/31/2025		A		10,000	A	$0	24,195	D
Common Shares	09/02/2025		S		10,000	D	$18.31(1)	14,195	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 $18.29 to $18.32, 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).

Remarks:

(2) VP, Projects at Perpetua Resources Idaho Inc., a wholly owned subsidiary of Perpetua Resources Corp.

	/s/ Tanya Nelson, as attorney-in-fact for Michael Wright	09/03/2025
	** 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

Who reported the insider transactions on this Form 4 for PPTA?

The reporting person is Michael Stephen Wright, identified as VP, Projects at Perpetua Resources Idaho Inc., a wholly owned subsidiary of Perpetua Resources Corp.

What transactions did the insider report for PPTA and on what dates?

The Form reports an acquisition of 10,000 common shares on 08/31/2025 and a sale of 10,000 common shares on 09/02/2025.

At what price were the PPTA shares sold according to the Form 4?

The shares sold on 09/02/2025 were sold at a weighted average price of $18.31, with individual trade prices ranging from $18.29 to $18.32.

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

After the reported transactions the reporting person beneficially owns 14,195 common shares.

Who signed the Form 4 and when was it signed?

The Form 4 was signed by Tanya Nelson as attorney-in-fact for Michael Wright on 09/03/2025.