Espley Samantha Jane 4

What Happened
Samantha Jane Espley, a director of Paramount Gold Nevada Corp. (PZG), received three grants of 8,500 restricted stock units (RSUs) each on December 22, 2025 (total = 25,500 RSUs). Each RSU is a derivative award convertible to one share of common stock (grant price reported as $0.00); there was no cash exchanged at grant. The awards were made under the company's 2016 Stock Incentive and Equity Compensation Plan and are subject to different vesting conditions (permit-based, performance-based, and time-based), not immediate share issuance.

Key Details

• Transaction date: December 22, 2025; Filing date: January 29, 2026 (Form 4 filed late; filing remarks cite EDGAR Next enrollment/account delays).
• Transaction type/code: A = Award/Grant (derivative RSUs); reported grant price $0.00.
• Grant breakdown: three separate grants of 8,500 RSUs each (total 25,500 RSUs).
• Vesting conditions:
  • One grant vests upon receipt of final state and federal permits for the Grassy Mountain Project.
  • One grant vests if the company’s share price outperforms the average of a 12-company peer group over the 12-month period ending Dec 31, 2026.
  • One grant vests three years from the grant date.
  • Each RSU converts to one share upon vesting and delivery.
• Shares owned after transaction: Not specified in the Form 4 filing.
• Timeliness: Filing was late (Remarks explain delay); late filing may affect disclosure timing but does not change the economic terms of the awards.

Context: These are derivative equity awards (RSUs), meaning Espley did not buy shares or receive immediately tradable stock—she received conditional rights to future shares if vesting conditions are met. Awards like this are common for directors and executives to align incentives; they do not necessarily indicate immediate bullish or bearish personal trading.