SEGELOV DAVID 4

What Happened David Segelov, President and Director of Star Gold Corp. (SRGZ), converted a derivative security into 416,667 common shares on April 30, 2026. The conversion price reported was $0.06 per share, representing an acquired position valued at $25,000. The filing also lists a related derivative line showing a 0-share disposition at $0 (non‑economic/administrative entry).

Key Details

• Transaction date: 2026-04-30. Conversion price: $0.06 per share. Shares acquired: 416,667. Total reported value: $25,000. (Transaction code C — conversion of derivative security.)
• Additional reported line: 0 shares disposed at $0 (appears to be an administrative/derivative reporting entry).
• Filing date: 2026-05-12. This Form 4 was filed 12 days after the transaction date, which is later than the usual two-business-day reporting requirement (i.e., a late filing).
• Shares owned after the transaction: not disclosed in the information provided in this summary.

Context

• A "conversion of derivative" means an insider converted a convertible instrument (e.g., convertible note, warrant, or other derivative) into common stock rather than buying on the open market. This is an acquisition of shares, though not an open‑market purchase.
• The dollar amount is modest ($25k), so while it is an insider acquisition, its size limits how much weight investors should place on it alone. The late filing is a compliance note but does not by itself indicate intent.