Star Gold (SRGZ) CEO converts 3M stock options into common shares
Rhea-AI Filing Summary
Star Gold Corp. CEO Lindsay Edward Gorrill reported a conversion of derivative securities into common stock. The Form 4/A shows a conversion of 3,000,000 options, each exercisable at $0.18 per share, into common stock at a stated transaction price of $0.00 per share.
After these transactions, Gorrill directly holds 31,356,913 shares of common stock and 8,676,375 options. The options referenced in the footnote vest in stages, with 16.67% of the total option vesting every six months, subject to his continuous service, until fully vested by the stated schedule.
Positive
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Insider Trade Summary
3,000,000 shares exercised/converted
Mixed
2 txns
Insider
Gorrill Lindsay Edward
Role
CEO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Options | 3,000,000 | $0.00 | -- |
| holding | Common Stock | -- | -- | -- |
Holdings After Transaction:
Options — 8,676,375 shares (Direct);
Common Stock — 31,356,913 shares (Direct)
Footnotes (1)
- [object Object]
Key Figures
Options converted: 3,000,000 options
Option exercise price: $0.18 per share
Common shares after transaction: 31,356,913 shares
+3 more
6 metrics
Options converted
3,000,000 options
Conversion of derivative security on June 12, 2026
Option exercise price
$0.18 per share
Exercise price for underlying common stock
Common shares after transaction
31,356,913 shares
Direct common stock holdings following transactions
Options after transaction
8,676,375 options
Remaining option position following conversion
Option expiration
June 12, 2031
Expiration date of the reported options
Vesting tranche
16.67% every six months
Option vesting schedule subject to continuous service
Key Terms
Conversion of derivative security, Options, Continuous Service Status, vest and become exercisable
4 terms
Conversion of derivative security financial
"transaction_code_description: Conversion of derivative security"
Options financial
"security_title: Options; underlying_security_title: CS"
Options are contracts that give investors the right to buy or sell an asset at a specific price within a certain time frame. They function like a reservation or a ticket that allows for potential profit or protection against price changes, making them useful tools for managing investment risks or speculating on market movements.
Continuous Service Status financial
"Subject to your Continuous Service Status, the Shares underlying this Option shall vest"
vest and become exercisable financial
"the Shares underlying this Option shall vest and become exercisable in accordance with the following schedule"
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What insider transaction did Star Gold Corp. (SRGZ) report on this Form 4/A?
Star Gold Corp. reported CEO Lindsay Edward Gorrill converting derivative securities into common stock. The filing shows a 3,000,000-option conversion at a $0.18 exercise price, resulting in updated common share and option holdings.
How many Star Gold Corp. (SRGZ) options were converted by the CEO?
The CEO converted 3,000,000 options tied to Star Gold Corp. common stock. These options carried a $0.18 per share exercise price, and the conversion updated his direct equity position in the company.
What is the exercise price and term of the options reported for Star Gold Corp. (SRGZ)?
The options involved in the conversion have a $0.18 per share exercise price and an expiration date of June 12, 2031. This defines the cost and time window for exercising the remaining options.
How do the CEO’s Star Gold Corp. options vest according to the filing footnote?
The footnote states the options vest gradually, with 16.67% of the total option vesting every six months, subject to continuous service. This schedule continues until 100% of the option grant has vested.