Earnest Frederick Hume 4

What Happened

• Earnest F. Hume, President & CEO and a director of Vista Gold (VGZ), exercised/converted a total of 548,669 derivative units into common shares on March 13, 2026 (reported as type "M") and was credited with a grant/award of 318,000 RSUs (type "A") the same day.
• Of the shares resulting from the conversion, 242,200 shares were withheld to satisfy tax withholding obligations (transaction code "F") and reported as disposed at $2.06 per share for total withholding value of $498,932. The exercised/converted shares show $0 exercise price because these were RSU settlements/convertible awards rather than option purchases.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (within the two-business-day filing window).
• Exercise/conversion totals: 548,669 derivative units converted (38,668 + 477,667 + 32,334). Tax withholding: 242,200 shares withheld at $2.06 = $498,932. New award: 318,000 RSUs granted/recorded (acquired at $0).
• Shares owned after the transactions: not specified in the excerpt of the filing provided.
• Notable footnotes: F1–F6 explain that RSUs represent contingent rights to receive one share each; withheld shares were used to satisfy tax obligations (routine); the filing references prior RSU grants (Mar 5, 2023; Feb 26, 2024; Mar 4, 2025) with multi-year service and performance-based vesting schedules, and additional vesting dates (e.g., some RSUs vest on 3/13/2027 and 3/13/2029).
• Transaction codes: M = exercise/conversion of derivative; F = payment of exercise price / tax withholding; A = grant/award.

Context

• This activity reflects RSU vesting/settlement and routine tax withholding (a form of cashless settlement), not an open-market sale of newly acquired shares. Withholding of shares to cover taxes is common and does not necessarily indicate a buy or sell signal about the CEO’s view of the company.
• The awarded RSUs are subject to time and performance-based vesting as described in the footnotes, so additional shares may vest in future periods if service and/or share-price conditions are met.