[Form 4] Paramount Gold Nevada Corp. Insider Trading Activity

Rhea-AI Filing Summary

Paramount Gold Nevada Corp. reported an insider equity transaction by its Chief Financial Officer, Carlo Buffone. On 12/17/2025, he exercised stock options with an exercise price of $1.12 per share and received common stock through a net share settlement at $1.16 per share. The filing shows three separate option exercises of 50,000 options each, with underlying shares of common stock and no cash paid for the derivative securities.

Following these transactions, Buffone beneficially owned up to 639,172 shares of Paramount Gold Nevada common stock directly. One of the stock option grants vested when the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project, linking part of his compensation to a key 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

OMB APPROVAL

OMB Number:			3235-0287
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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^*

Buffone Carlo

(Last) (First) (Middle)

625 ANDERSON ST

(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)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Chief Financial 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	635,724	D
Common Stock	12/17/2025		M		1,724(1)	A	$1.16	637,448	D
Common Stock	12/17/2025		M		1,724(1)	A	$1.16	639,172	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.

	Carlo Buffone	12/30/2025
	** 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).
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