Seaman John William 4
4 · i-80 Gold Corp. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
i-80 Gold Director John Seaman Receives 8,895 Shares
What Happened John William Seaman, a director of i-80 Gold Corp. (IAUX), acquired 8,895 common shares on 2026-03-16 at an effective price of $1.62 per share (total value ≈ $14,410). The filing reports this as an acquisition resulting from Seaman electing to convert accrued and unpaid interest on secured convertible debentures into common shares. The filing also records a related derivative disposition: the issuer mandatorily redeemed the underlying debentures.
Key Details
- Transaction date: 2026-03-16; filing date: 2026-03-18.
- Acquisition: 8,895 shares @ $1.62 = $14,410 (conversion of accrued interest) [F1].
- Disposition (derivative): mandatory redemption of secured convertible debentures representing $50,000 principal; a 4% early-redemption premium applied; notes were convertible at $3.38/share; accrued interest converted into common shares per indenture terms [F2].
- Shares owned after the transaction: not specified in the filing.
- Transaction codes: A (acquisition via conversion); D (disposition of derivative via issuer redemption).
- No indication in the filing of a 10b5-1 plan, tax withholding, or late-filing flag.
Context This was a non-cash conversion of accrued interest into common stock (not an open-market purchase), and a mandatory redemption of the related convertible notes by the issuer. Conversions like this increase insider shareholdings but do not necessarily signal a market-timed purchase or sale. The debenture redemption included a 4% premium and affected a $50,000 principal note that had a $3.38 conversion price; interest conversion was calculated under the indenture, resulting in the reported share grant.
Insider Transaction Report
- Award
Common Shares
[F1]2026-03-16$1.62/sh+8,895$14,410→ 355,897 total - Disposition to Issuer
8% Convertible Debentures due February 22, 2027
[F2]2026-03-16→ 0 totalExercise: $3.38From: 2026-03-16Exp: 2027-02-27→ Common Shares (8,895 underlying)
Footnotes (2)
- [F1]The Reporting Person elected to convert accrued and unpaid interest on the debentures reported in Table II into common shares of the Company.
- [F2]The reported securities were disposed of pursuant to a mandatory redemption by the Issuer pursuant to the terms of the indenture. Represents $50,000 in principal secured convertible debentures maturing February 22, 2027. A 4% premium associated with the early mandatory redemption was applied to the principal amount and accrued interest in accordance with the indenture. The Notes were convertible at $3.38 per share. Accrued and unpaid interest were converted into common shares based on the market price of the common shares in accordance with the terms of the indenture.