Tobler Douglas L. 4

What Happened
Douglas L. Tobler, CFO of Vista Gold Corp (VGZ), converted/settled a set of derivative awards (RSUs) on March 13, 2026 and received stock awards. He acquired a total of 446,667 shares through exercises/conversions and a grant of 163,000 RSU-equivalents, and 410,971 shares were disposed (mostly withheld or converted). The company withheld 127,304 shares to satisfy tax withholding at an implied price of $2.06, totaling $262,246. The net effect was an increase of 35,696 shares in Tobler’s beneficial ownership.

Key Details

• Transaction date: March 13, 2026; Form 4 filed March 17, 2026 (filed within the required reporting window).
• Activity types: M = exercise/conversion of derivatives (RSUs), F = shares withheld to satisfy tax liability, A = grant/award (RSUs).
• Specific line items (selected): converted 20,000; 247,000; and 16,667 derivative units (reported as acquired and immediately reflected as disposed in part); 127,304 shares withheld for taxes @ $2.06 = $262,246; reported award/acquisition of 163,000 RSU-equivalents.
• Net change: +35,696 shares beneficially acquired after conversions/withholdings.
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: RSUs represent contingent rights to one share (F1); the 127,304-share disposal reflects shares withheld for tax withholding on vested RSUs (F2). Several RSU grants from 2023–2025 with staggered and performance-based vesting schedules are referenced (F3–F6).

Context

• These transactions appear to be settlement/vesting of RSUs and associated tax withholding (a routine compensation event), not an open-market purchase or sale for investment.
• The $0.00 per-share lines reflect stock-settlement of RSUs (no cash exercise price); the withholding (F) is effectively a cashless tax payment.
• Such vesting/withholding transactions typically reflect compensation vesting rather than a direct insider buy/sell signal.