Reynolds Christopher J. 4

What Happened

• Christopher J. Reynolds, a director of Paramount Gold Nevada Corp. (PZG), received three restricted stock unit (RSU) awards on December 22, 2025: 8,500 RSUs + 8,500 RSUs + 8,500 RSUs, for a total of 25,500 RSUs. Each RSU is a derivative award equal to one share of common stock and was reported at $0.00 per unit (no cash paid at grant). These are grants/awards, not open-market purchases or sales.

Key Details

• Transaction date: December 22, 2025. Report filed January 28, 2026 (late filing; see remarks).
• Grant price: $0.00 per RSU; total reported cash consideration at grant = $0.
• Total RSUs granted: 25,500 (three separate grants of 8,500 each).
• Vesting conditions:
  • One 8,500 RSU award vests upon receipt of final state and federal permits for the Grassy Mountain Project.
  • One 8,500 RSU award vests if Paramount Gold’s share price outperforms the 12-peer average over the 12 months ending December 31, 2026.
  • One 8,500 RSU award vests three years from the grant date.
• Plan: Awards granted under the company’s 2016 Stock Incentive and Equity Compensation Plan.
• Shares owned after transaction: not specified in the filing.
• Timeliness: Filing was submitted late due to delays in the reporting person’s enrollment/account authorization in the SEC’s EDGAR Next system.

Context

• These RSUs are derivative awards that convert to common shares only upon satisfaction of vesting conditions; they do not represent immediate share ownership or a cash purchase.
• Awards to executives/directors are common for retention and performance incentive purposes; they are not direct buy/sell signals. The late filing is procedural and the form notes the reason (EDGAR Next enrollment delays).