Paramount Gold (NYSE: PZG) CFO settles 61,250 performance RSUs

Rhea-AI Filing Summary

Paramount Gold Nevada Corp. Chief Financial Officer Carlo Buffone reported the vesting and settlement of performance-based restricted stock units. On 01/26/2026, 61,250 RSUs were converted into 61,250 shares of common stock at a price of $0.00 per share.

Each RSU represents one share of common stock when vesting conditions are met. These RSUs were granted on January 26, 2024 and vested after the company’s share price outperformed the average share price of a peer group over the second year of the grant. Following this transaction, Buffone directly holds 700,422 shares of common stock and 206,250 RSUs.

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^*

Buffone Carlo

(Last) (First) (Middle)

665 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)
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		61,250	A	(1)	700,422	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			61,250	(2)	(2)	Common Stock	88,750	(1)	206,250	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 the Company's share price outperforming the average share price of the peer group companies over the second year from the date of the RSU grant

	Carlo Buffone	01/28/2026
	** 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 did PZGs CFO report in this Form 4 filing?

Paramount Gold Nevada Corp. CFO Carlo Buffone reported the vesting and settlement of 61,250 restricted stock units into 61,250 common shares at $0.00 per share. This reflects a performance-based equity award reaching its vesting conditions and being converted into stock.

How many Paramount Gold (PZG) shares does the CFO hold after this transaction?

After the transaction, CFO Carlo Buffone directly holds 700,422 shares of Paramount Gold Nevada Corp. common stock. He also beneficially owns 206,250 restricted stock units, each representing the right to receive one additional share of common stock upon future settlement.

What triggered the vesting of Carlo Buffones RSUs at Paramount Gold (PZG)?

The RSUs vested because Paramount Golds share price outperformed the average share price of a defined peer group over the second year from the January 26, 2024 grant date. Meeting this relative share price performance condition caused the RSUs to settle into common shares.

What does the transaction code M mean in PZG CFOs Form 4?

Transaction code M indicates an exercise or conversion of derivative securities, such as restricted stock units, into underlying shares. Here, it reflects 61,250 RSUs being settled into 61,250 Paramount Gold common shares once vesting conditions were satisfied.

Were any cash proceeds reported from PZG CFOs RSU settlement?

No cash proceeds were reported from this RSU settlement, as the shares were issued at $0.00 per share. The transaction represents the conversion of previously granted equity compensation into common stock rather than an open-market purchase or sale for cash.

When were the vested RSUs originally granted to PZGs CFO?

The performance-based RSU award was originally granted on January 26, 2024. It vested after Paramount Golds share price outperformed the average share price of its peer group over the second year from that grant date, leading to settlement into common stock.