Paramount Gold Nevada Corp. (PZG) director converts 20,000 RSUs into 20,000 shares

Rhea-AI Filing Summary

Paramount Gold Nevada Corp. director Christopher Reynolds reported the vesting and settlement of restricted stock units (RSUs) into common shares. On January 26, 2026, 20,000 RSUs were settled, resulting in the acquisition of 20,000 shares of common stock at an exercise price of $0.00 per share.

After this transaction, Reynolds directly held 196,100 shares of common stock and 25,500 RSUs. The RSU award was originally granted on January 26, 2024 and vested upon meeting its required vesting conditions.

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^*

Reynolds Christopher J.

(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)
01/26/2026

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	01/26/2026		M		20,000	A	(1)	196,100	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
RSU	(1)	01/26/2026		M			20,000	(2)	(2)	Common Stock	20,000	(1)	25,500	D

Explanation of Responses:

1. Each restricted stock unit represents the right to receive, at settlement, one share of common stock. The transaction represents the settlement of restricted stock units in shares of common stock on meeting their vesting criteria.

2. This award was granted on January 26, 2024 and vested upon meeting the required vesting condition.

	Christopher Reynolds	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).
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FAQ

What insider transaction did PZG director Christopher Reynolds report?

Christopher Reynolds reported settlement of 20,000 restricted stock units into 20,000 Paramount Gold Nevada Corp. common shares. The transaction occurred on January 26, 2026 and was reported as a code M transaction, indicating an exercise or conversion of derivative securities into common stock.

How many Paramount Gold Nevada (PZG) shares does Christopher Reynolds own after this Form 4?

Following the reported transaction, Christopher Reynolds directly owns 196,100 shares of Paramount Gold Nevada Corp. common stock. In addition, he holds 25,500 restricted stock units, each representing the right to receive one share of common stock upon settlement, subject to applicable vesting conditions.

What does the 20,000 RSU transaction mean for PZG’s director compensation?

The 20,000 RSU transaction reflects equity-based compensation vesting for director Christopher Reynolds. Each RSU converted into one share of common stock once vesting criteria were met, with no cash exercise price, aligning a portion of his compensation with Paramount Gold Nevada Corp.’s share performance.

When were Christopher Reynolds’ PZG restricted stock units granted and vested?

The restricted stock unit award was granted on January 26, 2024 and later vested after satisfying its required vesting condition. Upon vesting on January 26, 2026, 20,000 RSUs were settled into 20,000 shares of Paramount Gold Nevada Corp. common stock, as reflected in this Form 4 filing.

What is a code M transaction in the context of this PZG Form 4?

In this filing, code M indicates the exercise or conversion of derivative securities, specifically RSUs, into common stock. Christopher Reynolds converted 20,000 RSUs into 20,000 Paramount Gold Nevada Corp. common shares at an exercise price of $0.00 per share upon vesting settlement.

Is Christopher Reynolds a 10% owner of Paramount Gold Nevada (PZG)?

Christopher Reynolds is identified in the filing as a director of Paramount Gold Nevada Corp., not as a 10% owner. The 10% owner box is not checked, indicating he reports in his capacity as a director rather than as a large beneficial shareholder of the company.