VISTA GOLD (VGZ) director awarded 24,000 Deferred Share Units in Form 4

Rhea-AI Filing Summary

CLARK JOHN M reported acquisition or exercise transactions in this Form 4 filing.

VISTA GOLD CORP director John M. Clark received a grant of 24,000 Deferred Share Units (DSUs). These DSUs are the economic equivalent of 24,000 common shares and vest immediately upon issuance. Following this award, Clark is credited with 525,000 DSUs in total.

The underlying common shares tied to these DSUs will only be issued after Clark separates from the board. Until that separation, he has no voting or dispositive rights over the related common shares. The grants will expire no later than December 1 of the year following the calendar year in which his separation occurs.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider CLARK JOHN M

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	24,000	$0.00	--

Holdings After Transaction: Deferred Share Units — 525,000 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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^*

CLARK JOHN M

(Last) (First) (Middle)

C/O VISTA GOLD CORP.

8310 S. VALLEY HIGHWAY, SUITE 300

(Street)

ENGLEWOOD CO 80112

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
03/13/2026

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

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
Deferred Share Units	(1)	03/13/2026		A		24,000		(1)	(1)	Common Shares	24,000	$0	525,000	D

Explanation of Responses:

1. Each Deferred Share Unit ("DSU") is the economic equivalent of one of the Issuer's common shares. The DSUs vest immediately upon issuance; however, the underlying common shares will not be issued to the reporting person, and the reporting person shall not have any voting or dispositive rights with respect to the underlying common shares, until the separation of the reporting person as a director of the Issuer. The grants will expire no later than December 1 of the year following the calendar year in which separation occurs.

	/s/ Glenn Cowan as attorney-in-fact for John M. Clark	03/17/2026
	** 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.

FAQ

What insider transaction did VISTA GOLD CORP (VGZ) report for John M. Clark?

VISTA GOLD CORP reported that director John M. Clark received 24,000 Deferred Share Units. Each DSU is economically equal to one common share and was granted at no cash cost as part of his director compensation.

How many Deferred Share Units does John M. Clark hold after this VGZ Form 4?

After the reported grant, John M. Clark holds 525,000 Deferred Share Units. This total reflects his updated deferred equity-based compensation balance tied to future issuance of VISTA GOLD CORP common shares after his board service ends.

When do John M. Clark’s VGZ Deferred Share Units vest and settle?

The Deferred Share Units vest immediately upon issuance but only settle in common shares after Clark’s separation as a director. Until separation, no common shares are issued and he has no voting or dispositive rights over the underlying shares.

What rights does John M. Clark have on VGZ common shares underlying his Deferred Share Units?

Until he leaves the board, Clark has no voting or dispositive rights over the common shares underlying the Deferred Share Units. The DSUs are bookkeeping entries providing economic equivalence, with actual share delivery deferred until after separation.

When do the VISTA GOLD CORP Deferred Share Units granted to John M. Clark expire?

The grants will expire no later than December 1 of the year following the calendar year in which Clark’s separation as a director occurs. This sets an outside date for converting the vested Deferred Share Units into common shares after he leaves the board.

Are the VGZ Deferred Share Units granted to John M. Clark an open-market purchase or sale?

No, the transaction is a grant of Deferred Share Units classified as a grant or award acquisition. It is part of director compensation and not an open-market purchase or sale of VISTA GOLD CORP common shares.