Paramount Gold Nevada (PZG) CEO converts RSUs as Grassy Mountain permits issued

Rhea-AI Filing Summary

Paramount Gold Nevada Corp. reported insider equity activity by its Chief Executive Officer and director, Rachel Goldman. On 12/11/2025, she settled 50,000 and 88,750 restricted stock units (RSUs), receiving the same number of common shares as the awards vested.

The filing shows her directly beneficially owning 713,000 common shares after the first settlement and 801,750 after the second. Following these transactions, she continued to hold derivative awards, with 316,250 and 227,500 RSUs remaining outstanding.

The RSU awards were originally granted on February 15, 2022 and January 26, 2024 and vested when the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project, triggering settlement into common stock.

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^*

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)
12/11/2025

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	12/11/2025		M		50,000	A	(1)	713,000	D
Common Stock	12/11/2025		M		88,750	A	(1)	801,750	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)	12/11/2025		M			50,000	(2)	(2)	Common Stock	50,000	(1)	316,250	D
RSU	(1)	12/11/2025		M			88,750	(3)	(3)	Common Stock	88,750	(1)	227,500	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 February 15, 2022 and vested upon the day the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project.

3. This award was granted on January 26, 2024 and vested the day the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project.

	Rachel Goldman	12/12/2025
	** 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 Paramount Gold Nevada (PZG) report?

The company reported that CEO and director Rachel Goldman settled restricted stock units into common shares in two transactions on 12/11/2025.

How many Paramount Gold (PZG) shares did the CEO receive from RSU settlements?

Rachel Goldman received 50,000 common shares in one settlement and 88,750 common shares in another, matching the number of RSUs that vested.

How many Paramount Gold (PZG) shares does the CEO beneficially own after these transactions?

After the first settlement she beneficially owned 713,000 common shares directly, and after the second settlement this increased to 801,750 common shares.

What triggered the vesting of the Paramount Gold (PZG) RSU awards?

The RSU awards vested when the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project, as stated in the filing.

When were the vested RSU awards originally granted to the Paramount Gold (PZG) CEO?

One RSU award was granted on February 15, 2022, and another on January 26, 2024, with both later vesting upon the permitting milestone.

Does the Paramount Gold (PZG) CEO still hold derivative securities after these settlements?

Yes. After the reported transactions, the filing lists 316,250 and 227,500 restricted stock units (RSUs) still beneficially owned directly by Rachel Goldman.