U.S. GoldMining director exercises 250 RSUs
U.S. GoldMining Inc. director Sherlock Ross Lawrence exercised equity awards to receive additional common shares.
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Form Type
4
Rhea-AI Filing Summary
U.S. GoldMining Inc. director Sherlock Ross Lawrence exercised equity awards to receive additional common shares. On June 16, 2026, he acquired 250 shares of common stock through the exercise of 250 Restricted Stock Units. After this, he directly held 1,500 common shares and 500 Restricted Stock Units, which are part of a 1,000-unit grant awarded on December 16, 2025 that vests in four equal quarterly installments.
Insider Trade Summary
250 shares exercised/converted
Exercise
2 txns
Insider
Sherlock Ross Lawrence
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 250 | $0.00 | $0.00 |
| Exercise | Common Stock | 250 | $0.00 | $0.00 |
Holdings After Transaction:
Restricted Stock Units — 500 contracts (Direct);
Common Stock — 1,500 shares (Direct)
Footnotes (2)
- F1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- F2. On December 16, 2025, the reporting person was granted 1,000 Restricted Stock Units. The Restricted Stock Units vest in four equal installments, 25% shall vest 3 months from December 16, 2025 (the "Grant Date"), 25% shall vest 6 months from the Grant Date, 25% shall vest 9 months from the Grant Date, and 25% shall vest 12 months from Grant Date.
Key Figures
RSUs exercised: 250 shares
Common shares after transaction: 1,500 shares
RSUs remaining: 500 units
+1 more
4 metrics
RSUs exercised
250 shares
Restricted Stock Units converted to common stock on June 16, 2026
Common shares after transaction
1,500 shares
Director’s direct common stock holdings after June 16, 2026
RSUs remaining
500 units
Restricted Stock Units directly held after June 16, 2026
Original RSU grant
1,000 units
Grant date December 16, 2025 with four 25% vesting installments
Key Terms
Restricted Stock Units, derivative security, vest, Grant Date
4 terms
Restricted Stock Units financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.
derivative security financial
"transaction_code_description: Exercise or conversion of derivative security"
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
vest financial
"The Restricted Stock Units vest in four equal installments, 25% shall vest 3 months from December 16, 2025"
A vest is the process by which an employee earns the right to receive certain benefits or ownership interests, such as stock or retirement funds, over time. It’s similar to earning a reward gradually, ensuring that the benefit becomes fully yours only after a set period or meeting specific conditions. This makes it important for investors because it determines when they can actually claim or use those benefits.
Grant Date financial
"25% shall vest 3 months from December 16, 2025 (the "Grant Date")"
The grant date is the day a company formally gives an employee or contractor the right to receive stock-based compensation, such as stock options or restricted shares. It matters to investors because it fixes key terms—like the price, the start of the ownership clock, and when the award will affect the company’s financial statements and share count—so it can influence dilution, reported expenses, and potential future selling pressure.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did U.S. GoldMining (USGO) report for Sherlock Ross Lawrence?
U.S. GoldMining reported that director Sherlock Ross Lawrence exercised 250 Restricted Stock Units into 250 shares of common stock on June 16, 2026. This was an equity compensation event rather than an open-market stock purchase or sale.
What are the terms of Sherlock Ross Lawrence’s Restricted Stock Units at U.S. GoldMining (USGO)?
On December 16, 2025, he received a grant of 1,000 Restricted Stock Units. These units vest in four equal installments of 25% each, at three, six, nine, and twelve months from the grant date, delivering one share of common stock per vested unit.
Was the U.S. GoldMining (USGO) Form 4 transaction an open-market buy or sell?
No, the Form 4 shows a derivative exercise coded “M,” meaning an exercise or conversion of a derivative security. It reflects Restricted Stock Units converting into common stock, not an open-market purchase or sale of shares.
What does the “M” transaction code mean in the U.S. GoldMining (USGO) Form 4?
The “M” code on the Form 4 indicates an exercise or conversion of a derivative security. In this case, it represents Restricted Stock Units being settled into 250 shares of U.S. GoldMining common stock for the director.
AI-generated analysis. How Rhea-AI works. Not financial advice.
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