Star Gold director converts derivative to common stock

Star Gold Corp. director Thomas Power reported converting a derivative security into common stock.

Rhea-AI Filing Summary

Star Gold Corp. director Thomas Power reported converting a derivative security into common stock. He acquired 383,725 shares of common stock at an indicated price of $0.0400 per share, bringing his direct holdings to 4,308,725 common shares.

On the same date, a warrant with an exercise price of $0.0800 per share and an expiration on February 26, 2027 was partially addressed, leaving 691,863 warrant units outstanding and linked to 191,863 underlying common shares. These transactions reflect derivative conversions rather than open-market purchases or sales.

Insights

Equity compensation and insider-trading analyst

Director converted derivatives into common stock, a routine, non-market transaction.

Director Thomas Power converted a derivative security into 383,725 shares of Star Gold Corp. common stock at an indicated value of $0.0400 per share. This increased his direct common stock holdings to 4,308,725 shares.

A related warrant with a $0.0800 exercise price now shows 691,863 units outstanding, tied to 191,863 underlying common shares and expiring on February 26, 2027. With no open-market buys or sells and no remaining derivatives listed beyond this warrant, the filing mainly updates Power’s equity mix between derivatives and shares.

Insider Trade Summary

0 shares exercised/converted

Exercise 2 txns

Insider POWER THOMAS

Role Director

Type	Security	Shares	Price	Value
Conversion	Warrant	0	$0.00	$0.00
Conversion	Common Stock	383,725	$0.04	$15K

Holdings After Transaction: Warrant — 691,863 contracts (Direct); Common Stock — 4,308,725 shares (Direct)

Key Figures

Common shares acquired: 383,725 shares Implied conversion price: $0.0400 per share Common shares held after conversion: 4,308,725 shares +4 more

7 metrics

Common shares acquired 383,725 shares Converted from derivative security on February 27, 2026

Implied conversion price $0.0400 per share Value reported for common stock acquisition

Common shares held after conversion 4,308,725 shares Total direct holdings following transaction

Warrants outstanding 691,863 warrants Remaining warrant position after reported activity

Underlying warrant shares 191,863 shares Common shares underlying remaining warrants

Warrant exercise price $0.0800 per share Strike price of remaining warrants

Warrant expiration February 26, 2027 Expiration date of warrant position

Key Terms

Conversion of derivative security, Warrant, Common Stock, exercise price

4 terms

Conversion of derivative security financial

"Transaction code description is “Conversion of derivative security” for both entries"

Warrant financial

"One transaction involves a security titled “Warrant” with an exercise price"

A warrant is a time-limited financial contract that gives its holder the right to buy a company's shares at a set price before a specified date, like a coupon that lets you purchase stock at a fixed discount for a limited time. It matters to investors because warrants offer leveraged exposure to a stock’s upside and can dilute existing shareholders if exercised, so they affect potential gains and the company’s outstanding share count.

Common Stock financial

"Non-derivative transaction lists the security title as “Common Stock”"

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.

exercise price financial

"The warrant shows a conversion or exercise price of $0.0800 per share"

The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did Star Gold Corp. (SRGZ) report on this Form 4?

Director Thomas Power converted a derivative security into common stock. He acquired 383,725 Star Gold common shares through a derivative conversion, not an open-market purchase, updating his ownership stake and replacing some derivative exposure with direct share ownership.

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

Thomas Power now directly holds 4,308,725 common shares. This total reflects his position after acquiring 383,725 shares via derivative conversion, giving investors a clearer view of his direct equity stake in Star Gold following the reported activity.

What are the key terms of Thomas Power’s Star Gold warrant position on this Form 4?

Power holds 691,863 warrant units at a strike of $0.0800. These warrants relate to 191,863 underlying common shares and expire on February 26, 2027, illustrating his remaining derivative exposure alongside his increased common stock holdings.

Did the Star Gold (SRGZ) Form 4 show any open-market buying or selling?

No open-market purchases or sales were reported. The filing lists conversions of derivative securities into common stock, coded as “C,” rather than transactions marked as market buys or sells, indicating a structural change in holdings rather than trading activity.

What does a “Conversion of derivative security” mean in the Star Gold (SRGZ) Form 4?

It means a derivative, like a warrant, was turned into common shares. In this filing, Thomas Power’s transaction code “C” reflects derivative conversion, increasing his share count without recording a traditional open-market purchase or sale on the exchange.

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

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Accepted by SEC EDGAR 05/08/2026 - 05:25 PM Learn about SEC filing dates

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)
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		383,725	A	$0.04	4,308,725	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
Warrant	$0.08	02/27/2026		C		0		02/27/2026	02/26/2027	Common	191,863	$0	691,863	D

Explanation of Responses:

	/s/ Thomas Power	05/08/2026
	** 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)