Paramount Gold (PZG) awards 42,500 RSUs to director Rudi Fronk

Rhea-AI Filing Summary

Paramount Gold Nevada director Rudi Fronk reported new equity awards. On December 22, 2025, he received three grants totaling 42,500 restricted stock units (RSUs), each equivalent to one share of common stock at an exercise price of $0.

After these awards, he beneficially owned 51,000 RSUs. One 17,000-unit grant vests upon receipt of final state and federal permits for the Grassy Mountain Project. Another 17,000-unit grant vests if the company’s share price outperforms the average of a 12‑company peer group over the 12‑month period ending December 31, 2026. The remaining 8,500 units vest three years from the grant date. The filing notes it was submitted late due to delays during his initial enrollment in the SEC’s EDGAR Next system.

Insider Trade Summary

3 transactions reported

Mixed 3 txns

Insider Fronk Rudi

Role Director

Type	Security	Shares	Price	Value
Grant/Award	RSU	17,000	$0.00	--
Grant/Award	RSU	17,000	$0.00	--
Grant/Award	RSU	8,500	$0.00	--

Holdings After Transaction: RSU — 17,000 shares (Direct)

Footnotes (1)

1. Each restricted stock unit is equivalent to one share of the Company's common stock. The restricted stock units were granted under the 2016 Stock Incentive and Equity Compensation Plan and will vest on the receipt of the final state and federal permits for the Grassy Mountain Project. The restricted stock units will vest and be delivered to the reporting person upon the delivery of the final state and federal permits for the Grassy Mountain Project. The restricted stock units were granted under the 2016 Stock Incentive and Equity Compensation Plan and will vest upon the Company's share price outperforming the average share price of the 12 peer group companies over the 12 month period ending December 31, 2026. The restricted stock units will vest and be delivered to the reporting person upon the Company's share price outperforming the average share price of the 12 peer group companies over the 12 month period ending December 31, 2026. The restricted stock units were granted under the 2016 Stock Incentive and Equity Compensation Plan and will vest three years from the date of grant. The restricted stock units will vest and be delivered to the reporting person three years from date of grant.

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^*

Fronk Rudi

(Last) (First) (Middle)

665 ANDERSON STREET

(Street)

WINNEMUCCA NV 89445

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Paramount Gold Nevada Corp. [ PZG ]

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)
12/22/2025

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
RSU	(1)	12/22/2025		A		17,000		(2)	(3)	Common Stock	17,000	$0	17,000	D
RSU	(1)	12/22/2025		A		17,000		(4)	(5)	Common Stock	17,000	$0	34,000	D
RSU	(1)	12/22/2025		A		8,500		(6)	(7)	Common Stock	17,000	$0	51,000	D

Explanation of Responses:

1. Each restricted stock unit is equivalent to one share of the Company's common stock.

2. The restricted stock units were granted under the 2016 Stock Incentive and Equity Compensation Plan and will vest on the receipt of the final state and federal permits for the Grassy Mountain Project.

3. The restricted stock units will vest and be delivered to the reporting person upon the delivery of the final state and federal permits for the Grassy Mountain Project.

4. The restricted stock units were granted under the 2016 Stock Incentive and Equity Compensation Plan and will vest upon the Company's share price outperforming the average share price of the 12 peer group companies over the 12 month period ending December 31, 2026.

5. The restricted stock units will vest and be delivered to the reporting person upon the Company's share price outperforming the average share price of the 12 peer group companies over the 12 month period ending December 31, 2026.

6. The restricted stock units were granted under the 2016 Stock Incentive and Equity Compensation Plan and will vest three years from the date of grant.

7. The restricted stock units will vest and be delivered to the reporting person three years from date of grant.

Remarks:

This form is being filed late due to delays encountered during the reporting person's initial enrollment and account authorization within the SEC's EDGAR Next System.

	Rudi Fronk	01/28/2026
	** 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.

FAQ

What did the Paramount Gold (PZG) Form 4 report for Rudi Fronk?

The Form 4 reports director Rudi Fronk received three grants totaling 42,500 RSUs on December 22, 2025. Each restricted stock unit equals one share of common stock and was granted at an exercise price of $0 under the company’s 2016 equity plan.

How many restricted stock units does Rudi Fronk own after these PZG grants?

After the reported transactions, Rudi Fronk beneficially owns 51,000 restricted stock units (RSUs). This figure reflects the cumulative RSU holdings following the three grants of 17,000, 17,000, and 8,500 units, all reported as directly owned derivative securities in the filing.

What vesting conditions apply to the RSUs tied to PZG’s Grassy Mountain Project?

One 17,000-unit RSU grant vests upon receipt of the final state and federal permits for the Grassy Mountain Project. The RSUs will be delivered to Rudi Fronk when those final permits are delivered, directly linking this award to permitting progress on the project.

How do the performance-based RSUs for Paramount Gold (PZG) vest?

Another 17,000-unit RSU grant vests if PZG’s share price outperforms the average share price of a 12-company peer group over the 12-month period ending December 31, 2026. If that relative performance condition is met, the RSUs will then be delivered to Rudi Fronk.

When do the time-based restricted stock units for Rudi Fronk vest?

The 8,500 time-based RSUs vest three years from the grant date of December 22, 2025. On that three‑year anniversary, the RSUs will vest and be delivered to Rudi Fronk, assuming continued service consistent with the plan’s terms described in the footnotes.

Why was Rudi Fronk’s Paramount Gold Form 4 filing submitted late?

The filing states it was submitted late due to delays during the reporting person’s initial enrollment and account authorization within the SEC’s EDGAR Next System. This administrative issue affected the timing, not the underlying grant terms or award amounts reported.