Star Gold (SRGZ) CFO Pascale Gerard Converts 125,000 Shares

What Happened

• Pascale Gerard, Chief Financial Officer of Star Gold Corp. (SRGZ), converted derivative securities into 125,000 shares of common stock on 2026-08-12. The reported acquisition was 125,000 shares at $0.08 per share for a cash outlay of $10,000.
• The filing also shows a related derivative-line disposal of 125,000 units at $0.00, which typically indicates the derivative instrument was surrendered or cancelled as part of the conversion rather than an open-market sale.

Key Details

• Transaction date: 2026-08-12. Form 4 filed: 2026-08-17 (appears later than the 2-business-day reporting window).
• Acquisition: 125,000 shares @ $0.08 = $10,000 (conversion of derivative security; transaction code C).
• Related disposal: 125,000 derivative units disposed @ $0.00 (likely cancellation of the converted derivative).
• Shares owned after transaction: not specified in the provided filing details.
• No 10b5-1 plan, tax-withholding, or immediate sale reported in the supplied data.

Context

• Conversion of a derivative security means an instrument (e.g., a warrant or convertible instrument) was exchanged for common shares; this is not the same as an open-market purchase or sale. The zero-dollar disposal line usually reflects the removal of the derivative instrument upon conversion, not a market sale of shares.
• This transaction increased the insider’s direct common-stock holdings (by the reported 125,000 shares) and involved a modest cash payment. The filing date suggests the Form 4 was submitted several days after the transaction, which may be noted by regulators or investors tracking timeliness.