3M Star Gold (SRGZ) options converted as director reports larger stake

Rhea-AI Filing Summary

Star Gold Corp. director Thomas Power reported a derivative conversion involving 3,000,000 options into common stock at a conversion price of $0.18 per share. Following the transaction, he directly holds 4,808,725 shares of common stock. The options carried an expiration date in 2031 and are subject to a vesting schedule under which 16.67% of the total option vests every six months until fully vested, conditioned on continuous service.

Insider Trade Summary

3,000,000 shares exercised/converted

Mixed 2 txns

Insider POWER THOMAS

Role null

Type	Security	Shares	Price	Value
Conversion	Options	3,000,000	$0.00	--
holding	Common Stock	--	--	--

Holdings After Transaction: Options — 3,191,863 shares (Direct, null); Common Stock — 4,808,725 shares (Direct, null)

Footnotes (1)

1. [object Object]

Key Figures

Options converted: 3,000,000 options Conversion price: $0.18 per share Common shares after transaction: 4,808,725 shares +2 more

5 metrics

Options converted 3,000,000 options Derivative conversion on June 12, 2026

Conversion price $0.18 per share Conversion or exercise price for underlying common stock

Common shares after transaction 4,808,725 shares Direct holdings following reported transactions

Options expiration date June 12, 2031 Stated expiration for the option grant

Vesting tranche 16.67% every six months Option vesting schedule subject to continuous service

Key Terms

Conversion of derivative security, Continuous Service Status, vesting schedule, Option

4 terms

Conversion of derivative security financial

"transaction_code_description: Conversion of derivative security"

Continuous Service Status financial

"Subject to your Continuous Service Status, the Shares underlying this Option"

vesting schedule financial

"shall vest and become exercisable in accordance with the following schedule"

A vesting schedule is a timeline that determines when someone gains full ownership of certain benefits, such as company stock or retirement contributions. Think of it like earning the right to own a gift gradually over time, rather than receiving it all at once. It matters to investors because it affects when they can fully access or sell these benefits, influencing their financial planning and decision-making.

Option financial

"16.67% of the total Option each six (6) months thereafter"

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 4 Insider Transactions: What Each Field Means →

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^*

POWER THOMAS

(Last) (First) (Middle)

1364 OPAL VALLEY ST

(Street)

HENDERSON NEVADA 89052

(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
	Officer (give title below)		Other (specify below)

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 Stock								4,808,725	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
Options	$0.18	06/12/2026		C		3,000,000		12/12/2026(1)	06/12/2031	CS	3,000,000	$0	3,191,863	D

Explanation of Responses:

1. Subject to your Continuous Service Status, the Shares underlying this Option shall vest and become exercisable in accordance with the following schedule: 16.67% of the total Option each six (6) months thereafter until 100% of the total Option has vested.

	/s/ Thomas Power	06/17/2026
	** 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)

FAQ

What insider transaction did Star Gold Corp. (SRGZ) report for Thomas Power?

Star Gold Corp. reported that director Thomas Power converted 3,000,000 options into common stock. The transaction is classified as a conversion of a derivative security, rather than an open-market purchase or sale, reflecting an increase in his direct equity position.

How many Star Gold Corp. (SRGZ) shares does Thomas Power hold after this filing?

After the reported conversion, Thomas Power directly holds 4,808,725 shares of Star Gold Corp. common stock. This figure comes from the post-transaction ownership line and reflects his direct holdings following the derivative transaction reported on June 12, 2026.

What was the conversion or exercise price for Thomas Power’s Star Gold (SRGZ) options?

The options converted at a stated conversion or exercise price of $0.18 per underlying share. This price is specified as the conversion_or_exercise_price and applies to the 3,000,000 options that were converted into common stock in the reported derivative transaction.

What are the key terms of Thomas Power’s Star Gold (SRGZ) option vesting schedule?

The options vest based on continuous service, with 16.67% of the total option vesting every six months. This schedule continues until 100% of the option has vested, meaning full vesting occurs in multiple semiannual installments, subject to his ongoing service status.

When do Thomas Power’s Star Gold Corp. (SRGZ) options expire?

The options associated with this transaction carry an expiration date of June 12, 2031. This expiration defines the final date by which the options may be exercised or converted under their terms, assuming vesting and continuous service requirements are satisfied.