Gorrill Lindsay Edward 4

What Happened
Gorrill Lindsay Edward, a reported 10% owner of Star Gold Corp. (SRGZ), converted a derivative security into 11,352,750 common shares on 2026-02-27 at an effective conversion price of $0.04 per share, representing $454,110 of stock received. The Form 4 lists a second conversion line with 0 shares and $0 value (no additional shares issued). This transaction is an acquisition (conversion), not a sale.

Key Details

• Transaction date: 2026-02-27; conversion price: $0.04 per share.
• Shares acquired: 11,352,750; aggregate value reported: $454,110.
• Transaction code: C (conversion of a derivative security).
• Shares owned after transaction: not specified in the provided filing details.
• Filing date: 2026-04-09 — the Form 4 was filed late relative to the transaction date (noted as a delayed report).
• No 10b5-1 plan, tax withholding, or immediate resale was reported in the provided information.

Context
A "C" conversion means a derivative (for example, convertible notes or similar instruments) was converted into common stock; it is an acquisition of shares rather than an open-market purchase. As a 10% owner, Gorrill is a large shareholder—not necessarily a company executive—and such conversions can reflect financing or settlement terms rather than an independent bullish purchase decision. The late filing reduces short-term transparency for investors but does not change the reported transaction itself.