[Form 4] U.S. GoldMining Inc. Insider Trading Activity

Rhea-AI Filing Summary

Laura Schmidt, a director of U.S. GoldMining Inc., reported two transactions in September 2025. On 09/22/2025 she acquired 250 shares of common stock. On 09/20/2025 she reported acquisition of 250 Restricted Stock Units (each unit represents the right to one share) granted on 12/20/2024 as part of a 1,000-RSU award that vests in four equal quarterly installments. After these reported transactions she beneficially owns 1,133 shares of common stock. The RSUs have a $0 exercise/issuance price listed and vest per the disclosed schedule.

Positive

• Director purchase of 250 common shares increases insider ownership and aligns management interests with shareholders
• Clear disclosure of RSU grant date and vesting schedule (1,000 RSUs granted 12/20/2024, vesting in four equal installments)
• Beneficial ownership reported post-transaction: 1,133 shares, providing transparency on insider holdings

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider purchases total 250 shares and 250 RSUs, a routine director equity accumulation that modestly increases alignment with shareholders.

The transactions are small in absolute size relative to company market capitalization (not disclosed here) and reflect typical director compensation/vesting mechanics rather than an unusual market signal. The filing documents the original grant date of 12/20/2024 and a clear vesting schedule, which increases transparency about future dilution timing. No sales or debt-related actions are reported.

Corporate Governance Expert

TL;DR: Director disclosed acquisitions and vesting schedule; reporting is timely and consistent with standard equity compensation practices.

The Form 4 shows the director filing as an individual reporting person and provides the required detail on RSU vesting. The $0 price for the RSUs and the explicit vesting timetable help stakeholders understand potential future share issuance. There are no indications of related-party transactions or abnormal insider activity in this filing.

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
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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^*

Schmidt Laura

(Last) (First) (Middle)

1830 - 1188 W. GEORGIA STREET

(Street)

VANCOUVER A1 V6E 4A2

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
U.S. GoldMining Inc. [ USGO ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/20/2025

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

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	09/22/2025		M		250	A	(1)	1,133	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
Restricted Stock Units	(1)	09/20/2025		M			250	(2)	(2)	Common Stock	250	$0	250	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.

2. On December 20, 2024, 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 20, 2024 (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.

	/s/ Laura Schmidt	09/23/2025
	** 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.

FAQ

What did U.S. GoldMining (USGOW) director Laura Schmidt report on Form 4?

She reported acquiring 250 common shares on 09/22/2025 and 250 Restricted Stock Units on 09/20/2025, leaving her with 1,133 beneficially owned shares.

What is the origin and vesting schedule of the RSUs reported by Laura Schmidt?

The RSUs were granted on 12/20/2024 for a total of 1,000 units and vest in four equal installments: 25% at 3, 6, 9 and 12 months from the grant date.

Do the reported RSUs have an exercise price?

The filing shows the underlying RSUs with a listed price of $0, indicating no cash exercise price is specified in this Form 4.

Is Laura Schmidt an officer or director of U.S. GoldMining?

The Form 4 identifies Laura Schmidt as a Director of U.S. GoldMining Inc.

How many shares does Laura Schmidt beneficially own after the reported transactions?

Following the reported transactions, she beneficially owns 1,133 shares of common stock as stated in the filing.