Cherry Jonathan 4

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.