Star Gold (SRGZ) president converts derivative options into 416,667 common shares

Rhea-AI Filing Summary

Star Gold Corp. President David Segelov reported a conversion of derivative securities into common shares. On April 30, 2026, he converted options into 416,667 shares of Common Stock at $0.06 per share, increasing his direct common share holdings to 3,757,091 shares.

The filing also shows a related options entry with an exercise and expiration price of $0.06 and 500,000 underlying common shares. After this activity, Segelov still holds 1,234,638 options, indicating this was a conversion of part of an existing derivative position rather than an open-market purchase or sale.

Insider Trade Summary

0 shares exercised/converted

Mixed 2 txns

Insider SEGELOV DAVID

Role President

Type	Security	Shares	Price	Value
Conversion	Options	0	$0.00	--
Conversion	Common Stock	416,667	$0.06	$25K

Holdings After Transaction: Options — 1,234,638 shares (Direct, null); Common Stock — 3,757,091 shares (Direct, null)

Footnotes (1)

Key Figures

Common shares from conversion: 416,667 shares Conversion price: $0.06 per share Common shares held after: 3,757,091 shares +3 more

6 metrics

Common shares from conversion 416,667 shares Converted from derivative securities at $0.06 on April 30, 2026

Conversion price $0.06 per share Price used to convert derivative securities into common stock

Common shares held after 3,757,091 shares Direct Star Gold common stock holdings following conversion

Options held after 1,234,638 options Remaining derivative position after the reported conversion

Underlying security shares 500,000 shares Underlying common stock linked to the converted options

Transaction date April 30, 2026 Date of derivative conversion and related entries

Key Terms

Conversion of derivative security, derivative, Options, underlying security shares

4 terms

Conversion of derivative security financial

"transaction_code_description: "Conversion of derivative security""

derivative financial

"transaction_type: "derivative" for the options entry"

A derivative is a financial contract whose value depends on the price or performance of another asset or measure — for example a stock, index, interest rate, commodity, or currency. Investors use derivatives like insurance or leveraged bets to hedge risk, speculate, or gain exposure without owning the underlying asset; they can protect portfolios but also amplify losses and introduce counterparty and market risk.

Options financial

"security_title: "Options" in the derivative transaction"

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.

underlying security shares financial

"underlying_security_shares: "500000.0000""

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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^*

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)
04/30/2026

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	04/30/2026		C		416,667	A	$0.06	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
Options	$0.06	04/30/2026		C			0	04/30/2026	04/30/2026	CS	500,000	$0	1,234,638	D

Explanation of Responses:

	/s/ David Segelov	05/12/2026
	** 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?

Star Gold Corp. reported that President David Segelov converted derivative securities into 416,667 common shares at $0.06. This was a derivative conversion, not an open-market buy or sell, and increased his directly held common stock position.

How many Star Gold (SRGZ) shares does David Segelov own after this Form 4?

After the reported transaction, David Segelov holds 3,757,091 shares of Star Gold common stock directly. This reflects the addition of 416,667 shares from converting derivative securities at $0.06 per share on April 30, 2026.

What was the conversion price for David Segelov’s Star Gold (SRGZ) derivatives?

The conversion price for David Segelov’s derivative securities was $0.06 per share. He converted options linked to 500,000 underlying common shares, receiving 416,667 common shares and retaining a remaining option position afterward.

Does the Star Gold (SRGZ) Form 4 show an open-market buy or sell?

The Form 4 shows a conversion of derivative securities, not an open-market purchase or sale. Transaction code C indicates a “Conversion of derivative security,” where options were turned into common shares at a fixed $0.06 price.

How many options does David Segelov hold after this Star Gold (SRGZ) transaction?

Following the April 30, 2026 transaction, David Segelov holds 1,234,638 options. These options relate to Star Gold securities and remain outstanding after converting a portion of his derivative position into common stock.