Paramount Gold Nevada (PZG) CEO nets 1,724 shares from 50,000 options

Rhea-AI Filing Summary

Paramount Gold Nevada Corp. reports that Chief Executive Officer and director Rachel Goldman exercised stock options in a transaction dated 12/17/2025. She exercised 50,000 stock options with a conversion price of $1.12 per share on a net share settlement basis at $1.16 per share, resulting in delivery of 1,724 shares of common stock.

Following the reported transactions, she directly beneficially owned 806,922 shares of common stock. One of the exercised option grants vested on the day the State of Oregon issued draft consolidated permits for the company’s Grassy Mountain Gold Project, linking part of her equity compensation to that project milestone.

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

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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^*

Goldman Rachel Louise

(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
X	Officer (give title below)		Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
12/17/2025

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 Stock	12/17/2025		M		1,724(1)	A	$1.16	803,474	D
Common Stock	12/17/2025		M		1,724(1)	A	$1.16	805,198	D
Common Stock	12/17/2025		M		1,724(1)	A	$1.16	806,922	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
Stock Option	$1.12	12/17/2025		M			50,000	12/08/2025(2)	12/17/2025	Common Stock	50,000	$0	100,000	D
Stock Option	$1.12	12/17/2025		M			50,000	12/18/2020	12/17/2025	Common Stock	50,000	$0	50,000	D
Stock Option	$1.12	12/17/2025		M			50,000	12/18/2021	12/17/2025	Common Stock	50,000	$0	0	D

Explanation of Responses:

1. The reporting person exercised 50,000 options on a net share settlement basis at $1.16 per share, resulting in delivery of 1,724 shares.

2. The stock option vested upon the day the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project.

	Rachel Goldman	12/30/2025
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What insider transaction did PZG report for its CEO Rachel Goldman?

Paramount Gold Nevada Corp. reported that Chief Executive Officer and director Rachel Goldman exercised 50,000 stock options on 12/17/2025, receiving 1,724 shares of common stock through a net share settlement.

At what prices were Rachel Goldman’s Paramount Gold Nevada options exercised and structured?

The stock options had a conversion or exercise price of $1.12 per share and were exercised on a net share settlement basis at $1.16 per share, resulting in 1,724 common shares being delivered.

How many Paramount Gold Nevada shares does the CEO own after this transaction?

After the reported transactions, Chief Executive Officer Rachel Goldman directly beneficially owned 806,922 shares of Paramount Gold Nevada common stock, as shown in the filing.

What vesting condition was tied to the exercised Paramount Gold Nevada stock option?

One stock option grant vested on the day the State of Oregon issued draft consolidated permits for Paramount Gold Nevada’s Grassy Mountain Gold Project, as described in the filing.

What happened to Rachel Goldman’s remaining Paramount Gold Nevada stock options?

After the transactions dated 12/17/2025, the tables show she held 100,000 stock options from a grant dated 12/08/2025, 50,000 options from a grant dated 12/18/2020, and 0 remaining options from a grant dated 12/18/2021, all with a $1.12 exercise price.

What is Rachel Goldman’s role at Paramount Gold Nevada Corp.?

Rachel Goldman is identified as both a Director and an Officer, serving as the company’s Chief Executive Officer in the reported filing.