Star Gold (SRGZ) CEO converts derivatives into 11.35M common shares

Rhea-AI Filing Summary

Star Gold Corp. CEO Lindsay Edward Gorrill, a director and more than 10% owner, converted derivative securities into common equity. On February 27, 2026, he acquired 11,352,750 shares of Common Stock at an indicated price of $0.04 per share through a derivative conversion.

Following these transactions, he directly owns 30,856,913 shares of Common Stock. One related derivative entry shows warrants with an exercise price of $0.08 and an underlying amount of 5,676,375 common shares, reflecting the mechanics of the conversion.

Insights

Equity compensation & insider-transactions analyst

CEO converts derivatives into 11.35M common shares, boosting direct equity stake.

The filing shows Star Gold Corp. CEO Lindsay Edward Gorrill converting derivative securities into 11,352,750 common shares at an indicated $0.04 per share. This is coded as a Conversion of derivative security, not an open-market purchase or sale.

Post-transaction, he holds 30,856,913 common shares directly, so the conversion represents a sizable increase in his reported common equity position. Because there are no open-market trades and no cash proceeds described, the events look like a structural shift in capital rather than a directional trading signal.

There is one derivative line referencing warrants with an exercise price of $0.08 and 5,676,375 underlying shares on February 27, 2026, illustrating the instruments being converted. With no remaining derivative positions listed, the filing emphasizes common stock ownership going forward.

Insider Trade Summary

0 shares exercised/converted

Mixed 2 txns

Insider Gorrill Lindsay Edward

Role CEO

Type	Security	Shares	Price	Value
Conversion	Warrants	0	$0.00	--
Conversion	Common Stock	11,352,750	$0.04	$454K

Holdings After Transaction: Warrants — 6,276,375 shares (Direct); Common Stock — 30,856,913 shares (Direct)

Footnotes (1)

Key Figures

Common shares acquired: 11,352,750 shares Indicated conversion price: $0.04 per share Shares owned after transaction: 30,856,913 shares +2 more

5 metrics

Common shares acquired 11,352,750 shares Conversion of derivative security on February 27, 2026

Indicated conversion price $0.04 per share Price per common share on derivative conversion entry

Shares owned after transaction 30,856,913 shares Direct common stock holdings following Form 4 transactions

Warrant exercise price $0.08 per share Exercise price for warrants converted on February 27, 2026

Underlying warrant shares 5,676,375 shares Common shares underlying listed warrants associated with conversion

Key Terms

Conversion of derivative security, Warrants, Common Stock, ten percent owner

4 terms

Conversion of derivative security financial

"transaction_code_description: Conversion of derivative security"

Warrants financial

"security_title: Warrants with $0.08 exercise price"

Warrants are special documents that give you the right to buy a company's stock at a set price before a certain date. They are often used as a way for companies to attract investors or raise money, and their value can increase if the company's stock price goes up.

Common Stock financial

"security_title: Common Stock acquired via derivative conversion"

Common stock represents ownership shares in a company, giving investors a stake in its success and a say in important decisions through voting rights. It is the most common type of stock traded on markets and can provide income through dividends, as well as potential for value growth. For investors, holding common stock means sharing in the company’s profits and risks.

ten percent owner regulatory

"is_ten_percent_owner: CEO is a more than 10% owner"

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^*

Gorrill Lindsay Edward

(Last) (First) (Middle)

174 E NEIDER AVE #222

(Street)

COEUR D'ALENE IDAHO 83815

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
02/27/2026

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	02/27/2026		C		11,352,750	A	$0.04	30,856,913	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
Warrants	$0.08	02/27/2026		C		0		02/27/2026	02/26/2027	Common	5,676,375	$0	6,276,375	D

Explanation of Responses:

	/s/ Lindsay Edward Gorrill	04/09/2026
	** 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 did Star Gold Corp. (SRGZ) CEO Lindsay Gorrill report in this Form 4?

He reported converting derivative securities into common stock. On February 27, 2026, he acquired 11,352,750 Star Gold Corp. common shares at an indicated $0.04 per share via derivative conversion, increasing his directly held stake to 30,856,913 shares.

How many Star Gold Corp. (SRGZ) shares does the CEO own after these transactions?

After the reported transactions, CEO Lindsay Gorrill directly owns 30,856,913 shares of Star Gold Corp. common stock. This figure reflects his position following the conversion of derivative securities into 11,352,750 additional common shares on February 27, 2026.

Were the Star Gold Corp. (SRGZ) insider transactions open-market buys or sells?

They were not open-market trades. The Form 4 classifies both entries with code C as a “Conversion of derivative security,” meaning the CEO acquired common shares by converting derivatives rather than buying or selling shares in the open market.

What derivative terms are disclosed in the Star Gold Corp. (SRGZ) Form 4?

The filing lists warrants with an exercise price of $0.08 per share and 5,676,375 underlying common shares, tied to a February 27, 2026 conversion. These details show the pricing and size of the derivatives that were converted into common stock.

Does this Star Gold Corp. (SRGZ) Form 4 indicate a bullish or bearish signal?

The filing mainly reflects a structural conversion of derivatives into 11,352,750 common shares. Because there are no open-market purchases or sales, it is best viewed as an ownership reclassification toward common equity rather than a clear bullish or bearish trading signal.