Wade Lisa Jean 4

What Happened
Lisa Jean Wade, a director of U.S. GoldMining Inc. (USGO), had 250 restricted stock units (RSUs) convert to 250 shares on June 16, 2026 (reported as an exercise/conversion of a derivative, transaction code M). The same filing also shows a reported disposition of 250 shares at $0.00. The filing does not list a cash value for the acquired shares (acquisition price = N/A) and shows $0.00 for the disposition.

Key Details

• Transaction date: June 16, 2026; Form 4 filed June 18, 2026 (timely filing).
• Reported transactions: 250 shares acquired via conversion/exercise (M); 250 shares disposed at $0.00 (derivative).
• Shares owned after transaction: Not disclosed in this filing.
• Footnotes: F1 — each Restricted Stock Unit equals the right to receive one share. F2 — 1,000 RSUs were granted on Dec 16, 2025 and vest in four equal installments (25% at 3, 6, 9 and 12 months). This transaction reflects the June 16, 2026 vesting tranche (250 RSUs).
• Filing does not specify whether the $0.00 disposition represents tax withholding, surrender, or another administrative settlement.

Context
This filing reflects RSU vesting and conversion to common shares rather than an open-market buy or sale. The conversion (derivative exercise) indicates award settlement; the zero-dollar disposition is commonly reported in RSU settlements for withholding or administrative purposes, but the Form 4 does not detail the reason. No indication of a 10b5-1 plan or late filing is present.