Reynolds Christopher J. 4

What Happened

• Christopher J. Reynolds, a director of Paramount Gold Nevada Corp. (PZG), had 20,000 restricted stock units (RSUs) settle into 20,000 shares of common stock on January 26, 2026. The same day the filing reports a disposition of 20,000 shares. Both transactions are reported as conversions/exercises of a derivative (transaction code M).
• No price or dollar amounts are reported in the filing, so the total value of the acquired or disposed shares is not disclosed.

Key Details

• Transaction date: January 26, 2026 (reported on Form 4 filed January 28, 2026).
• Transaction types: Exercise/conversion of a derivative (M) — 20,000 shares acquired (settlement of RSUs) and 20,000 shares disposed the same day.
• Price: Not reported (N/A) — value cannot be calculated from the filing.
• Shares owned after the transactions: Not specified in the provided filing details.
• Footnotes: F1 — each RSU converts to one share at settlement; the reported acquisition represents settlement of RSUs. F2 — the award was originally granted January 26, 2024 and vested upon meeting the required vesting condition.
• Timeliness: Filing dated Jan 28, 2026 for Jan 26 transactions (no late-filing flag indicated in the provided data).

Context

• The M code and F1/F2 footnotes indicate these were RSUs that vested and were settled into shares. The filing also shows an immediate disposition of the same number of shares; common explanations (not specified in this filing) include tax withholding or an immediate sale, but the Form 4 does not state the reason.
• For retail investors: settlement of vested RSUs is a routine form of compensation for insiders and does not, by itself, indicate a buy or sell opinion about the company’s prospects.