NORMAN LUKE ANTHONY 4

What Happened

• Norman Luke Anthony, a director of U.S. Gold Corp. (USAU), received equity awards on 2026-01-21: 9,591 deferred stock units (DSUs) and 15,982 stock options. Both awards show an acquisition price of $0.00 (no cash paid).
• The DSUs are recorded as service-based awards (non-cash). The 15,982 options are derivative awards (options granted) and were not exercised or sold — they are future rights to acquire shares subject to vesting.

Key Details

• Transaction date: 2026-01-21; Form 4 filed 2026-01-23 (two days after the transaction).
• Prices/values reported: $0.00 per share for both awards (grant/award code A).
• Shares/units granted: 9,591 deferred stock units; 15,982 options (derivative).
• Amount beneficially owned after the reported transactions: not specified in the provided filing details.
• Footnotes:
  • F1: DSUs become service-satisfied on the first anniversary of the grant (subject to continuous service) and portions that are service-satisfied vest upon cessation of Board service.
  • F2: Options vest on the first anniversary of the grant, subject to continuous service.
• Filing timeliness: Filed two days after the transaction date (appears timely for a Form 4).

Context

• These were grant awards (compensation), not open-market purchases or sales. Grants are routine for directors and do not necessarily indicate a buying/selling signal.
• The options are not exercised here; they are subject to a one-year vesting period before becoming exercisable per the footnote. The DSUs are deferred and tied to continued service and eventual cessation of Board service for vesting/payment.