Friedman Deborah J 4

What Happened
Deborah J. Friedman, a director of Vista Gold Corp. (VGZ), was granted 24,000 deferred share units (DSUs) on March 13, 2026. The Form 4 reports the award as a derivative grant (transaction code A) at $0.00, so the reported transaction value is $0. This is an award/compensation event, not an open-market purchase or sale.

Key Details

• Transaction date: 2026-03-13 (reported on Form 4 filed 2026-03-17; filing appears timely).
• Transaction type/code: Grant/Award (A); derivative security = Deferred Share Units (DSUs).
• Quantity and price: 24,000 DSUs at $0.00 (total reported value $0).
• Shares owned after transaction: Not specified in the Form 4 filing.
• Footnote: DSUs vest immediately on issuance but underlying common shares are not issued and the director has no voting or dispositive rights until separation as a director. Grants expire no later than December 1 of the year following the calendar year in which separation occurs (per footnote F1).

Context
DSUs are a form of deferred compensation that mirror the economic value of common shares but do not convey current voting rights or actual share ownership until settlement (here, upon the director’s separation). Such awards are common for non-employee directors and are routine corporate governance/compensation actions rather than direct buy/sell signals.