VGZ insider sale: 2,872 shares at $2.27 reported on Form 4

Rhea-AI Filing Summary

Vista Gold (VGZ): Sun Valley Gold LLC and Peter F. Palmedo reported an open-market sale of 2,872 common shares at $2.27 on 10/16/2025. Following the transaction, they beneficially owned 14,971,198 shares, held indirectly.

The filing notes the shares are held in advisory client accounts of Sun Valley Gold LLC, which disclaims beneficial ownership except to the extent of its pecuniary interest. The securities are also indirectly beneficially owned by Peter F. Palmedo.

Insights

Securities compliance analyst

Small indirect insider sale disclosed; ownership largely unchanged.

The report lists a sale of 2,872 Vista Gold common shares at $2.27 on 10/16/2025, with 14,971,198 shares beneficially owned afterward. The position is held indirectly, indicating the securities reside in advisory client accounts rather than as direct holdings.

Because the filer disclaims beneficial ownership except for pecuniary interest, the economic exposure may be less than the headline share count suggests. The document does not indicate further transactions or changes beyond this sale.

Insider Trade Summary

Net Seller: 2,872 shares

Net Sell 1 txn

Insider SUN VALLEY GOLD LLC, Palmedo Peter F.

Role 10% Owner | 10% Owner

Sold 2,872 shs ($7K)

Type	Security	Shares	Price	Value
Sale	Common Shares	2,872	$2.27	$7K

Holdings After Transaction: Common Shares — 14,971,198 shares (Indirect, See footnote)

Footnotes (1)

1. F1. The Common Shares are held in the accounts of advisory clients of Sun Valley Gold LLC and may be deemed to be beneficially owned by Sun Valley Gold LLC. Sun Valley Gold LLC disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

FAQ

What insider activity was reported for VGZ?

A sale of 2,872 Vista Gold common shares at $2.27 on 10/16/2025 was reported.

Who filed the VGZ Form 4?

The filing was by Sun Valley Gold LLC and Peter F. Palmedo.

How many VGZ shares were beneficially owned after the transaction?

Beneficial ownership following the sale was 14,971,198 shares, held indirectly.

Was the ownership direct or indirect?

The filing states the holdings are indirect, in advisory client accounts of Sun Valley Gold LLC.

Did the filer claim full beneficial ownership of the reported securities?

No. Sun Valley Gold LLC disclaims beneficial ownership except to the extent of its pecuniary interest.

What was the transaction code for the VGZ trade?

The transaction code was S, indicating an open-market or private sale.

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Accepted by SEC EDGAR 11/07/2025 - 09:30 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^*

SUN VALLEY GOLD LLC

(Last) (First) (Middle)

620 SUN VALLEY ROAD

2ND FLOOR, PO BOX 2211

(Street)

KETCHUM ID 83340

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
VISTA GOLD CORP [ VGZ ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/16/2025

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

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

	Form filed by One Reporting Person
X	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 Shares	10/16/2025		S		2,872	D	$2.27	14,971,198	I	See footnote(1)

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

1. Name and Address of Reporting Person^*

SUN VALLEY GOLD LLC

(Last) (First) (Middle)

620 SUN VALLEY ROAD

2ND FLOOR, PO BOX 2211

(Street)

KETCHUM ID 83340

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

1. Name and Address of Reporting Person^*

Palmedo Peter F.

(Last) (First) (Middle)

C/O SUN VALLEY GOLD LLC

620 SUN VALLEY ROAD, 2ND FL, PO BOX 2211

(Street)

KETCHUM ID 83340

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

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

Explanation of Responses:

1. The Common Shares are held in the accounts of advisory clients of Sun Valley Gold LLC and may be deemed to be beneficially owned by Sun Valley Gold LLC. Sun Valley Gold LLC disclaims beneficial ownership of the reported securities except to the extent of his or its pecuniary interest therein, and affirmatively disclaim being a "group" for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

Remarks:

As previously disclosed in Sun Valley Gold LLC's Form 4 with respect to the Issuer filed on October 20, 2025, these securities are also indirectly beneficially owned by Peter F. Palmedo.

	Sun Valley Gold LLC, By: Peter F. Palmedo, Managing Member, /s/ Peter F. Palmedo	11/07/2025
	Peter F. Palmedo, /s/ Peter F. Palmedo	11/07/2025
	** 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.