Star Gold (SRGZ) CEO converts options into 500,000 shares, holds 31.4M

Filing Impact

(Neutral)

Filing Sentiment

(Neutral)

Form Type

Rhea-AI Filing Summary

Star Gold Corp. CEO and 10% owner Lindsay Edward Gorrill converted derivative securities into additional common shares. On the transaction date, options representing 500,000 shares of Common Stock were converted at $0.0600 per share, increasing his direct common stock position to 31,356,913 shares. Following the conversion, he continued to hold 5,676,375 options, indicating this was a restructuring of his equity position rather than an open-market purchase or sale.

Insider Trade Summary

0 shares exercised/converted

Mixed 2 txns

Insider Gorrill Lindsay Edward

Role CEO

Type	Security	Shares	Price	Value
Conversion	Options	0	$0.00	--
Conversion	Common Stock	500,000	$0.06	$30K

Holdings After Transaction: Options — 5,676,375 shares (Direct, null); Common Stock — 31,356,913 shares (Direct, null)

Footnotes (1)

Key Figures

Shares converted: 500,000 shares Conversion price: $0.0600 per share Common shares after transaction: 31,356,913 shares +1 more

4 metrics

Shares converted 500,000 shares Options converted into common stock on 2026-04-30

Conversion price $0.0600 per share Exercise price for derivative conversion

Common shares after transaction 31,356,913 shares Total direct common stock held after conversion

Options after transaction 5,676,375 options Remaining derivative securities held after conversion

Key Terms

Form 4, derivative conversion, Conversion of derivative security, Options, +1 more

5 terms

Form 4 regulatory

"INSIDER FILING DATA (Form 4):"

Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.

derivative conversion financial

""transaction_action": "derivative conversion""

Conversion of derivative security financial

""transaction_code_description": "Conversion of derivative security""

Options financial

""security_title": "Options""

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.

Common Stock financial

""security_title": "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.

Form 4 Insider Transactions: What Each Field Means →

05/12/2026 - 05:59 PM

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)
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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	04/30/2026		C		500,000	A	$0.06	31,356,913	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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Options	$0.06	04/30/2026		C			0	04/30/2026	04/30/2026	CS	500,000	$0	5,676,375	D

Explanation of Responses:

	/s/ Lindsay Edward Gorrill	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)

Source: View Original Filing on SEC EDGAR

FAQ

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

Star Gold Corp. reported that CEO Lindsay Edward Gorrill converted derivative securities into common stock. He converted options into 500,000 common shares at $0.0600 per share, changing the mix of his holdings without an open-market buy or sale.

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

After the transaction, CEO Lindsay Edward Gorrill directly holds 31,356,913 shares of Star Gold Corp. common stock. This reflects the addition of 500,000 shares received through the derivative conversion recorded on the Form 4 filing.

What was the conversion price in the Star Gold Corp. (SRGZ) Form 4 filing?

The derivative conversion used an exercise price of $0.0600 per share. Options representing 500,000 underlying common shares were converted at this price, moving value from the derivative position into direct common stock ownership for the CEO.

Did the Star Gold Corp. (SRGZ) CEO buy or sell shares on the market in this Form 4?

The Form 4 shows no open-market buys or sells. Instead, CEO Lindsay Edward Gorrill completed a derivative conversion, turning options into 500,000 common shares, which is classified as an acquisition through conversion rather than a purchase on the open market.

How many options does the Star Gold Corp. (SRGZ) CEO retain after the conversion?

Following the reported conversion, Lindsay Edward Gorrill holds 5,676,375 options. This remaining derivative position, alongside 31,356,913 common shares, shows he continues to maintain a sizable equity stake through both direct stock and options.

What does 'Conversion of derivative security' mean in the Star Gold Corp. (SRGZ) filing?

Conversion of derivative security means options or similar instruments were exchanged for common shares under preset terms. In this case, options with a $0.0600 exercise price were converted into 500,000 Star Gold Corp. common shares held directly by the CEO.