Begeman John Arthur 4

What Happened

• John Arthur Begeman, a director of i-80 Gold Corp. (IAUX), exercised 34,000 stock options on May 28, 2026, acquiring 34,000 common shares at an effective US$1.06 per share (total cost $36,040). On the same day he disposed of 24,356 shares in an open-market sale at an effective US$1.59 per share, generating proceeds of $38,726. The filing also reports a related disposition of 34,000 derivative shares at $0.00 tied to the exercise/conversion event.

Key Details

• Transaction date: 2026-05-28
• Exercise: 34,000 shares @ US$1.06; total cost reported $36,040 (reported from C$1.47 using C$1.3809 = US$1.00) (Footnote F1)
• Open-market sale: 24,356 shares @ US$1.59; proceeds $38,726 (reported from C$2.19 using C$1.3809 = US$1.00) (Footnote F2)
• Reported zero-dollar disposition: 34,000 shares @ $0.00 (derivative conversion reported alongside the exercise)
• Shares owned after transaction: not specified in the Form 4 provided
• Filing timeliness: no late filing flag indicated in the report

Context

• This activity reflects an option exercise (insider acquiring shares) followed by a partial open-market sale. When insiders both exercise options and sell shares the same day, it is commonly a cashless or partial cashless exercise pattern (exercise plus immediate sale), although the filing does not explicitly state a 10b5-1 plan or tax-withholding mechanism.
• Footnotes clarify that prices were converted from Canadian dollars to U.S. dollars using C$1.3809 = US$1.00.