POWER THOMAS 4

What Happened Thomas Power, a director of Star Gold Corp. (SRGZ), converted a derivative security into 3,000,000 common shares on June 12, 2026. The filing reports the shares were acquired at $0.00 (no cash paid) as a conversion of a derivative (code C). This is not an open‑market purchase or sale; it reflects conversion/exercise of a derivative tied to his compensation or award.

Key Details

• Transaction date and price: 2026-06-12; 3,000,000 shares at $0.00 per share (derivative conversion).
• Shares owned after transaction: Not specified in the provided filing.
• Footnote: The underlying option vests 16.67% every six months thereafter, subject to continuous service, until fully vested (F1).
• Filing timeliness: Report filed 2026-06-17 (5 days after the transaction). Form 4s are generally due within two business days, so this filing appears late.

Context A conversion of a derivative (often an option or convertible award) into shares is typically a routine corporate or compensation-related action and does not by itself indicate a market view — unlike an open‑market purchase. The footnote shows the underlying option vests over time, so this conversion likely reflects an award/vesting schedule rather than an immediate cash exercise and sale. The filing does not indicate any immediate sale of the shares.