Gorrill Lindsay Edward 4
Research Summary
AI-generated summary
Star Gold (SRGZ) 10% Owner Gorrill Converts Derivative (0 shares)
What Happened
- Gorrill Lindsay Edward, reported as a 10% owner of Star Gold Corp. (SRGZ), filed a Form 4 reporting a conversion of a derivative security on June 12, 2026. The reported transaction shows 0 shares acquired at $0.00, with no dollar value exchanged.
Key Details
- Transaction date: 2026-06-12; Form 4 filed: 2026-06-17.
- Transaction type: Conversion of a derivative security (code C). Reported quantity acquired: 0 shares; reported price/value: $0.00.
- Shares owned after transaction: Not disclosed in the supplied filing details.
- Footnote: The underlying option (if applicable) vests 16.67% every six months thereafter until fully vested, subject to continuous service.
- No indication in this filing of an open-market purchase, sale, gift, or cashless exercise — the filing reports a conversion event with no economic change.
Context
- A reported "conversion" with 0 shares and $0 typically means the filing documents a derivative-related event (e.g., option/award mechanics or bookkeeping) but did not result in issuance or transfer of shares or cash to the insider. For 10% owners, filings reflect holdings and transactions by a significant shareholder rather than routine executive trading. This report does not by itself signal a buy or sell decision.