Dawson Garnet Linn 4

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.