U.S. GoldMining (USGO) Director Alastair Still Receives 750 Shares

What Happened Alastair Charles Still, a director of U.S. GoldMining Inc. (USGO), had 750 restricted stock units (RSUs) convert into 750 common shares on September 16, 2026. The Form 4 reports an acquisition (exercise/conversion, code M) of 750 shares (price N/A) and a simultaneous reported disposition of 750 shares at $0.00. Footnotes confirm these RSUs were part of a 3,000-RSU grant made on December 16, 2025 that vests in four equal installments; the September 16 conversion represents the 25% (750 shares) vesting installment.

Key Details

• Transaction date: 2026-09-16
• Filing date: 2026-09-18 (filed promptly)
• Transaction code: M (exercise or conversion of a derivative)
• Acquired: 750 shares (conversion of RSUs) — consideration reported as N/A
• Disposed: 750 shares at $0.00 (no cash consideration reported)
• Shares owned after transaction: not specified in the Form 4
• Footnotes: F1 — each RSU equals one share; F2 — 3,000 RSUs granted 12/16/2025 vesting 25% every 3 months
• The filing does not state why the 750 shares were reported as disposed at $0.00.

Context This was a settlement of vested RSUs, not an open-market buy or sell. Reporting a disposal at $0.00 frequently reflects net settlement actions such as shares withheld for taxes or similar administrative transfers, but the form does not specify the reason here. Such RSU settlements are routine compensation events and do not by themselves indicate the insider’s market view.