Dawson Garnet Linn 4
4 · U.S. GoldMining Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
U.S. GoldMining (USGO) Director Dawson Linn Receives 250 Shares
What Happened
Dawson Garnet Linn, a director of U.S. GoldMining Inc. (USGO), had 250 restricted stock units (RSUs) vest and be converted into 250 shares on March 16, 2026. The Form 4 shows an acquisition entry for 250 shares (conversion/exercise of a derivative, code M) and a simultaneous disposal of 250 shares at $0.00. No cash consideration or dollar value is reported for the acquisition or disposal in the filing.
Key Details
- Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (appears timely under the 2-business-day rule).
- Reported entries: 250 shares acquired via derivative conversion (code M); 250 shares disposed at $0.00.
- Price / value: Acquisition listed as N/A; disposal listed at $0.00 — no cash proceeds reported.
- Shares owned after transaction: Not disclosed in the provided filing excerpt.
- Footnotes: F1 clarifies each Restricted Stock Unit (RSU) converts to one common share. F2 notes the RSUs were granted Dec 16, 2025 (1,000 RSUs total) and vest in four equal installments (25% every 3 months).
Context
The filing reflects settlement of vested RSUs (conversion of an award into common shares). The simultaneous disposal at $0.00 is shown in the filing; the document identifies the grant and vesting schedule but does not specify the reason for the zero-dollar disposal (e.g., tax withholding or net settlement), so no motive should be assumed. This is an award/settlement event rather than an open-market purchase or sale for cash.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-16+250→ 21,250 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-16−250→ 750 total→ Common Stock (250 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- [F2]On December 16, 2025, the reporting person was granted 1,000 Restricted Stock Units. The Restricted Stock Units vest in four equal installments, 25% shall vest 3 months from December 16, 2025 (the "Grant Date"), 25% shall vest 6 months from the Grant Date, 25% shall vest 9 months from the Grant Date, and 25% shall vest 12 months from Grant Date.