POWER THOMAS 4

What Happened
Director Thomas Power converted a derivative security into 500,000 common shares of Star Gold Corp. on 2026-04-30. The conversion price was $0.06 per share, resulting in an acquisition-valued at $30,000. This is an acquisition (insider purchase/conversion), which is generally more informative to investors than routine sales.

Key Details

• Transaction date: 2026-04-30; Filing date: 2026-05-12 (Form 4 filed late relative to the usual 2-business-day reporting rule).
• Transaction type/code: Conversion of derivative security (Code C). One line reports acquisition of 500,000 shares at $0.06 ($30,000 total); another line shows a related derivative entry reporting 0 shares disposed.
• Shares owned after transaction: Not specified in the filing.
• Footnotes/plan: No 10b5-1 plan, tax withholding, or other special footnotes disclosed in the report.
• Filing details: SEC Accession No. 0001437749-26-016494.

Context
A "conversion" (Code C) means a derivative instrument (for example, a warrant, convertible note or similar right) was converted into common stock rather than an open-market buy or sale. The filing was submitted well after the transaction date, which reduces short-term transparency for investors but does not change the economic effect of the conversion.