PASCALE GERARD 4

What Happened
Pascale Gerard, Chief Financial Officer of Star Gold Corp. (SRGZ), converted a derivative security into 900,000 common shares on June 12, 2026. The Form 4 reports the shares were acquired at $0.00 (no cash paid) as a conversion of a derivative instrument.

Key Details

• Transaction date: 2026-06-12 (reported on Form 4 filed 2026-06-16) — filing appears timely (filed within the required two business days).
• Transaction type: Conversion of derivative security (code C) — 900,000 shares acquired at $0.00.
• Shares owned after transaction: Not disclosed in the provided filing.
• Footnote: The underlying option shares are subject to service-based vesting: 16.67% of the option vests every six months thereafter until fully vested (F1).
• No indication of a 10b5-1 plan, tax-withholding sale, or immediate sale of the shares in the filing.

Context
This was a conversion of a derivative (an option) into common stock rather than an open-market purchase or a sale. Conversions/vests are typically internal/contractual events; they represent acquisition of shares by the insider but do not necessarily reflect a market purchase decision.