Star Gold (SRGZ) president converts 3M options into common shares

Rhea-AI Filing Summary

Star Gold Corp. President and director David Segelov reported a conversion of derivative securities into common stock. On June 12, 2026, he converted SRGZ options into 3,000,000 shares of common stock at a stated conversion price of $0.18 per share.

The converted options related to common stock identified as "CS" and carried an expiration date of June 12, 2031. A footnote explains that, subject to continuous service, the optioned shares vest over time as approximately 16.7% of the total option vests every six months until fully vested.

Insights

Equity compensation analyst

Segelov’s Form 4 shows a routine option-style conversion, not an open-market trade.

David Segelov, President and director of Star Gold Corp., reported a conversion of SRGZ options into 3,000,000 common shares at a conversion price of $0.18 per share. The transaction is coded as a conversion of derivative security, not a market purchase or sale.

The options have an expiration date in 2031 and are subject to a vesting schedule where about 16.7% vests every six months, contingent on continuous service. This points to standard equity compensation rather than a directional bet in the open market.

Because there are no open-market buy or sell codes, and the filing shows no same-day sale or tax-withholding disposition, this event mainly updates Segelov’s equity position and reflects execution of pre-arranged compensation terms rather than a new valuation signal.

Insider Trade Summary

3,000,000 shares exercised/converted

Exercise 2 txns

Insider SEGELOV DAVID

Role President

Type	Security	Shares	Price	Value
Conversion	SRGZ options	3,000,000	$0.00	$0.00
holding	common	--	--	--

Holdings After Transaction: SRGZ options — 4,234,638 shares (Direct); common — 3,757,091 shares (Direct)

Footnotes (1)

1. F1. Subject to continuous service status, the shares underlying this option shall vest and become exercisable in accordance with the following schedule: a.16.7% of total option each each six months thereafter untill 100% of the options have vested.

Key Figures

Options converted: 3,000,000 shares Exercise price: $0.18 per share Option expiration: June 12, 2031 +3 more

6 metrics

Options converted 3,000,000 shares Underlying common shares for SRGZ options

Exercise price $0.18 per share Conversion or exercise price of SRGZ options

Option expiration June 12, 2031 Expiration date of SRGZ options

Common shares after holding entry 3,757,091 shares Total shares following holding classification

Shares following derivative entry 4,234,638 shares Total shares following derivative transaction entry

Vesting tranche 16.7% every six months Option vesting rate, subject to continuous service

Key Terms

Conversion of derivative security, SRGZ options, continuous service status, vest and become exercisable, +1 more

5 terms

Conversion of derivative security financial

"transaction_code_description: "Conversion of derivative security""

SRGZ options financial

"security_title: "SRGZ options""

continuous service status financial

"Subject to 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"

derivative security financial

"transaction_type: "derivative" and description "Conversion of derivative security""

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Form 4 Insider Transactions: What Each Field Means →

Available on EDGAR 06/17/2026 - 12:38 PM Accepted by SEC EDGAR 06/17/2026 - 12:37 PM Learn about SEC filing dates

FAQ

What did Star Gold (SRGZ) President David Segelov report in this Form 4?

David Segelov reported a conversion of SRGZ options into common stock. The Form 4 shows a derivative conversion transaction, updating his equity position in Star Gold through option-style compensation rather than an open-market share purchase or sale.

How many Star Gold (SRGZ) shares were involved in Segelov’s derivative conversion?

The filing reports SRGZ options converted into 3,000,000 underlying common shares. These options referenced common stock labeled as “CS,” with the underlying share amount explicitly stated as 3,000,000 in the transaction’s derivative security details.

What is the exercise or conversion price of David Segelov’s SRGZ options?

The SRGZ options were reported with a conversion or exercise price of $0.18 per share. This price applies to the 3,000,000 underlying common shares associated with the option position noted in the Form 4 transaction details.

When do David Segelov’s SRGZ options expire according to the Form 4?

The options connected to the 3,000,000 underlying Star Gold common shares carry an expiration date of June 12, 2031. This date marks the end of the period during which the reported derivative securities can be exercised under their current terms.

How do Segelov’s SRGZ options vest based on the Form 4 footnote?

The footnote explains that, subject to continuous service, the shares underlying the option vest gradually. Approximately 16.7% of the total option vests every six months until 100% of the options have vested, creating a staged vesting schedule over multiple periods.

Does this Star Gold (SRGZ) Form 4 show an open-market stock purchase or sale by Segelov?

No, the Form 4 shows a conversion of derivative securities, not an open-market trade. The transaction code and description identify it as a conversion of an option-like derivative, with no reported open-market buy or sell code in the provided data.

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^*

SEGELOV DAVID

(Last) (First) (Middle)

156 WILBUR ROAD

(Street)

BERGENFIELD NEW JERSEY 07621

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
Star Gold Corp. [ SRGZ ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
06/12/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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								3,757,091	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
SRGZ options	$0.18	06/12/2026		C		3,000,000		12/12/2026(1)	06/12/2031	CS	3,000,000	$0	4,234,638	D

Explanation of Responses:

1. Subject to continuous service status, the shares underlying this option shall vest and become exercisable in accordance with the following schedule: a.16.7% of total option each each six months thereafter untill 100% of the options have vested.

	/s/ David Segelov	06/16/2026
	** 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.
* Form 4: SEC 1474 (03-26)