Sherlock Ross Lawrence 4

What Happened

• Sherlock Ross Lawrence, a director of U.S. GoldMining Inc. (USGO), had 250 restricted stock units (RSUs) convert into 250 common shares on June 16, 2026. The filing shows an acquisition of 250 shares (conversion of derivative) and a simultaneous disposition of 250 shares at $0.00 — consistent with shares being withheld rather than sold for cash.
• No cash proceeds are reported for the disposition (price listed as $0.00), so this was not a market sale or purchase by the director; it reflects settlement/withholding tied to RSU vesting.

Key Details

• Transaction date: 2026-06-16; Form 4 filed: 2026-06-18 (filed within the normal 2-business-day window).
• Reported entries: 250 shares acquired via conversion of a derivative; 250 shares disposed at $0.00 (derivative/tax withholding style disposition).
• Shares owned after transaction: Not specified in the excerpt provided.
• Footnotes: F1 — each RSU converts to one common share at settlement. F2 — the RSUs were part of a 1,000‑RSU grant on Dec 16, 2025 vesting in four equal installments (250 shares each at 3, 6, 9 and 12 months).

Context

• This transaction stems from RSU vesting (award settlement), not an open‑market purchase or sale. The $0 disposition typically indicates shares were surrendered/withheld to satisfy tax withholding or settlement requirements, not a sign of active selling into the market.
• For retail investors: award vesting is routine compensation and does not necessarily indicate insider trading sentiment.