Paramount Gold Nevada CFO acquires RSU-based PZG common shares

Paramount Gold Nevada Corp. insider equity transactions show Chief Financial Officer Carlo Buffone settling previously granted restricted stock units into common shares.

Rhea-AI Filing Summary

Paramount Gold Nevada Corp. insider equity transactions show Chief Financial Officer Carlo Buffone settling previously granted restricted stock units into common shares. On December 11, 2025, he acquired 50,000 shares of common stock and an additional 61,250 shares, both reported as acquisitions following the exercise of derivative awards.

The transactions relate to restricted stock units that convert into one share of common stock each when vesting conditions are met. One 50,000-unit award was granted on February 15, 2022 and vested when the State of Oregon issued draft consolidated permits for the Grassy Mountain Gold Project, while the 61,250-unit award was granted on January 26, 2024 and vested on the same permitting milestone. Following these settlements, Buffone continues to hold derivative positions, including 208,750 and 147,500 restricted stock units.

Insider Trade Summary

111,250 shares exercised/converted

Exercise 4 txns

Insider Buffone Carlo

Role Chief Financial Officer

Type	Security	Shares	Price	Value
Exercise	RSU	50,000	$0.00	$0.00
Exercise	RSU	61,250	$0.00	$0.00
Exercise	Common Stock	50,000	$0.00	$0.00
Exercise	Common Stock	61,250	$0.00	$0.00

Holdings After Transaction: RSU — 147,500 contracts (Direct); Common Stock — 634,500 shares (Direct)

Footnotes (3)

1. F1. 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. F2. 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. F3. 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.

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Accepted by SEC EDGAR 12/12/2025 - 07:03 AM Learn about SEC filing dates

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^*

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)
12/11/2025

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)	573,250	D
Common Stock	12/11/2025		M		61,250	A	(1)	634,500	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)	208,750	D
RSU	(1)	12/11/2025		M			61,250	(3)	(3)	Common Stock	61,250	(1)	147,500	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.

	Carlo Buffone	12/12/2025
	** 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).
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.