U.S. GoldMining (USGO) director converts RSUs into 250 common shares
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
U.S. GoldMining Inc. director Dawson Garnet Linn exercised derivative awards related to Restricted Stock Units into common stock. On June 16, 2026, 250 shares of common stock were acquired through an option-style exercise at $0.00 per share, bringing direct common stock holdings to 21,500 shares and remaining Restricted Stock Units to 500.
Positive
- None.
Negative
- None.
Insider Trade Summary
250 shares exercised/converted
Mixed
2 txns
Insider
Dawson Garnet Linn
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 250 | $0.00 | -- |
| Exercise | Common Stock | 250 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Units — 500 shares (Direct, null);
Common Stock — 21,500 shares (Direct, null)
Footnotes (1)
- Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock. 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
Common shares acquired: 250 shares
Price per share: $0.00 per share
Common shares after transaction: 21,500 shares
+3 more
6 metrics
Common shares acquired
250 shares
Derivative exercise on June 16, 2026
Price per share
$0.00 per share
Exercise or conversion price for acquired common stock
Common shares after transaction
21,500 shares
Direct common stock holdings following the exercise
RSUs transacted
250 units
Restricted Stock Units exercised or converted
RSUs remaining
500 units
Restricted Stock Unit balance after reported transactions
Original RSU grant
1,000 units
Granted on December 16, 2025
Key Terms
Restricted Stock Units, derivative security, vest, settlement, +1 more
5 terms
Restricted Stock Units financial
"On December 16, 2025, the reporting person was granted 1,000 Restricted Stock Units."
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.
settlement financial
"Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock."
Settlement is the process of completing a financial transaction, like buying or selling a stock, by transferring money and ownership between parties. It ensures that both the buyer gets the asset and the seller gets paid, making the deal official. Without settlement, the transaction wouldn't be finalized or legally recognized.
exercise or conversion price financial
"conversion_or_exercise_price: 0.0000"
FAQ
What insider transaction did U.S. GoldMining (USGO) report for Dawson Garnet Linn?
U.S. GoldMining reported that director Dawson Garnet Linn acquired 250 common shares via a derivative exercise. The transaction converted Restricted Stock Units into common stock and did not involve an open-market purchase or sale, making it a compensation-related equity event.
What was the size of the derivative exercise reported in U.S. GoldMining (USGO) Form 4?
The Form 4 shows a derivative exercise of 250 shares tied to Restricted Stock Units. These units were converted into common stock at a stated exercise or conversion price of $0.00 per share, reflecting the nature of stock-based compensation rather than a market transaction.
What are the terms of Dawson Linn’s Restricted Stock Units at U.S. GoldMining (USGO)?
Linn was granted 1,000 Restricted Stock Units on December 16, 2025. The units vest in four equal 25% installments: at three, six, nine, and twelve months after the grant date, with each vested portion generally eligible to settle into common stock.
Does the U.S. GoldMining (USGO) Form 4 show any open-market buying or selling?
No open-market buys or sells are reported in this Form 4. Both transactions use code “M,” indicating exercises or conversions of derivative securities, which are routine movements of stock-based compensation rather than discretionary market trades.
What do the remaining 500 Restricted Stock Units mean for U.S. GoldMining (USGO) director Linn?
The remaining 500 Restricted Stock Units represent potential future common shares for Linn. Each unit corresponds to one share of common stock upon settlement, subject to the vesting schedule and conditions described in the original grant documentation.