Seaman John William 4

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.