Schmidt Laura 4
4 · U.S. GoldMining Inc. · Filed Jun 18, 2026
Research Summary
AI-generated summary of this filing
U.S. GoldMining (USGO) Director Laura Schmidt Converts RSUs to Shares
What Happened
Laura Schmidt, a director of U.S. GoldMining Inc. (USGO), had 250 Restricted Stock Units (RSUs convert/settle) convert into 250 shares on June 16, 2026. At the same time, 250 shares were reported disposed at $0.00 (reported as a derivative disposition). No cash proceeds were reported for the disposition.
Key Details
- Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (timely).
- Reported actions: conversion/settlement of 250 RSUs into 250 shares (acquired) and 250 shares disposed at $0.00 (derivative). Transaction code reported as M (exercise/conversion of derivative).
- Shares owned after the transaction: not disclosed in this filing.
- Footnotes: F1 — each RSU converts to one share at settlement; F2 — the RSUs stem from a 1,000-RSU grant on 2025-12-16 that vests in four equal installments (25% every 3 months).
- No sale proceeds reported; the $0.00 disposition is commonly how companies report shares withheld/surrendered to satisfy tax withholding or similar obligations.
Context
This transaction reflects scheduled RSU vesting and settlement (compensation-related), not an open-market buy or sell. The simultaneous disposition at $0.00 is typically a tax-withholding/share-surrender mechanism and does not necessarily indicate trading intent or a market-view change by the insider.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-06-16+250→ 1,883 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-06-16−250→ 500 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.