Star Gold (SRGZ) Director Thomas Power Acquires 191,863 Shares via Conversion

What Happened
Thomas Power, a director of Star Gold Corp. (SRGZ), converted a derivative security on 2026-08-12 and acquired 191,863 common shares at $0.08 per share, for a total cash value of $15,349. The filing also reports a corresponding disposition of the derivative instrument (191,863 underlying shares) at $0.00, which reflects the conversion of the derivative into common stock rather than a market sale.

Key Details

• Transaction date: 2026-08-12. Form 4 filed: 2026-08-17 (filed late relative to the 2-business-day rule).
• Acquisition: 191,863 shares at $0.08 each; total reported cash paid = $15,349.
• Disposition: 191,863 derivative units reported disposed at $0.00 (this is the derivative being converted).
• Transaction code: C = Conversion of derivative security.
• Shares owned after the transaction: Not specified in the filing.
• No footnotes, 10b5-1 plan, or tax-withholding details were disclosed in this filing.

Context
This was a conversion of a derivative into common stock (not an open-market purchase or sale). The simultaneous acquisition of shares and disposition of the derivative is a standard reporting format for conversions. The dollar amount is modest (~$15k); purchases can be more informative than sales, but filings should be viewed as factual records rather than proof of future stock performance. The late filing reduces near-term transparency for investors.