Hycroft (HYMC) Director Richard O'Brien Receives RSU Awards

What Happened

• Richard T. O'Brien, a director of Hycroft Mining Holding Corp. (HYMC), received two restricted stock unit (RSU) awards on September 1, 2026: 2,257 RSUs and 2,264 RSUs, for a total of 4,521 RSUs. The reported acquisition price is $0.00 (these are compensation awards, not purchases), and the transaction code is A (award/grant).
• The RSUs are contingent rights to receive one share of Class A common stock per RSU upon vesting. The recipient has elected to defer conversion of the RSUs into shares until his separation from service as a director.

Key Details

• Transaction date: 2026-09-01; Filing date (Form 4): 2026-09-03. Transaction code: A (award/grant).
• Award breakdown and vesting:
  • 2,257 RSUs: 33% vest on 9/1/2027, 33% on 9/1/2028, 34% on 9/1/2029. (Footnote F1)
  • 2,264 RSUs: 100% vest on 9/1/2027. (Footnote F2)
• Each RSU equals a contingent right to one share on vesting; conversion may be delayed if the reporting person is prohibited from trading, and the recipient has elected to defer conversion until separation. (Footnote F3)
• Shares owned after the transaction: not disclosed in the Form 4.
• Filing appears timely (filed two days after the report date); no late-filing indication.

Context

• RSU awards are compensation, not open-market purchases or sales; they do not necessarily signal a near-term trading view but represent future potential share issuance as compensation.
• The economic value to the insider depends on the company’s share price at vesting/conversion and the elected deferral terms; the Form 4 reports the grant price as $0 because RSUs are typically issued without cash purchase.