Cherry Jonathan 4
4 · PERPETUA RESOURCES CORP. · Filed Apr 2, 2026
Research Summary
AI-generated summary of this filing
Perpetua Resources (PPTA) CEO Jonathan Cherry Sells 4,079 Shares
What Happened Jonathan Cherry, President and CEO of Perpetua Resources (PPTA), sold 4,079 common shares in open-market transactions on April 2, 2026. The weighted-average sale price was $29.31 per share, producing gross proceeds of approximately $119,555. The filing states the shares were sold to cover tax withholding obligations arising from Restricted Share Units that vested on February 21, 2026 and were settled in common shares after the company’s blackout period ended on April 1, 2026.
Key Details
- Transaction date: April 2, 2026 (filed same day; timely filing).
- Sale type/code: Open-market sale (S); sale undertaken to satisfy tax withholding from RSU settlement (footnote).
- Price: Weighted average $29.31 per share; individual sale prices ranged from $29.28 to $29.44.
- Shares sold: 4,079; gross proceeds reported ≈ $119,555.
- Shares owned after the transaction: Not disclosed in this Form 4.
- Footnotes: F1 — sale to cover tax withholding for RSUs vested 2/21/2026 and settled after blackout on 4/1/2026. F2 — weighted-average price; issuer or SEC staff can request a breakdown of amounts sold at each price.
Context This transaction was a routine, compensatory tax-withholding sale following RSU settlement, not an independent “buy” signal. For retail investors, purchases by insiders generally indicate more informative bullish conviction; sales tied to tax withholding or required withholding are common and do not necessarily reflect the insider’s view of the company’s prospects.
Insider Transaction Report
- Sale
Common Shares
[F1][F2]2026-04-02$29.31/sh−4,079$119,555→ 44,895 total
Footnotes (2)
- [F1]The sale reported on this Form 4 represents shares sold by the Reporting Person to cover tax withholding obligations in connection with the settlement of Restricted Share Units, which vested on February 21, 2026, and were settled in Common Shares of the Issuer following the end of the Issuer's blackout period on April 1, 2026.
- [F2]The sale price included on this Form 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from US$29.28 to US$29.44, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the ranges set forth in this footnote (2).