U.S. GoldMining (USGO) Director Wade Lisa Jean Receives 250 Shares

What Happened

• Wade Lisa Jean, a director of U.S. GoldMining Inc. (USGO), had restricted stock units (RSUs) convert into common shares on Sep 16, 2026. The Form 4 shows 250 shares acquired via exercise/conversion of a derivative (code M) and a concurrent disposal of 250 shares at $0.00 (no cash proceeds). This reflects the vesting/settlement of RSUs rather than an open-market buy or sale.

Key Details

• Transaction date: 2026-09-16 (filed with the SEC on 2026-09-18; timely filing)
• Acquired: 250 shares (conversion of RSUs) — price: N/A
• Disposed: 250 shares — price: $0.00 (derivative/settlement)
• Shares owned after transaction: not specified in the provided filing data
• Footnotes: F1 — each Restricted Stock Unit (RSU) converts to one common share at settlement; F2 — 1,000 RSUs were granted on Dec 16, 2025 and vest in four equal installments (250 shares each at 3, 6, 9 and 12 months)
• Transaction code: M = exercise or conversion of a derivative (here, RSU vesting/settlement)
• The $0.00 disposition likely represents shares transferred/withheld to satisfy tax/withholding obligations or settlement mechanics — not an open-market sale

Context

• This was a routine equity-compensation vesting event (RSU conversion) rather than a market purchase or sale. No cash changed hands from the reported disposal, so there are no sale proceeds to interpret as insider selling. Such withholdings to cover taxes or settlement are common and do not by themselves signal the insider’s intent to buy or sell additional securities.