U.S. GoldMining (USGO) Director Sherlock Lawrence Converts 250 RSUs

What Happened

• Sherlock Ross Lawrence, a director of U.S. GoldMining Inc. (USGO), had 250 restricted stock units (RSUs) vest and convert into 250 common shares on September 16, 2026 (transaction code M = exercise/conversion of a derivative). The filing also reports 250 shares were disposed at $0. No cash proceeds are reported for the disposition.

Key Details

• Transaction date: 2026-09-16; Form 4 filed: 2026-09-18 (timely filing).
• Acquired: 250 shares via conversion of RSUs (price N/A). Disposed: 250 shares at $0 per share (total $0) as reported.
• Shares owned after the transaction: not specified in the provided filing excerpt.
• Footnotes: F1 — Each RSU equals the right to receive one common share at settlement. F2 — The 1,000 RSUs were granted on Dec 16, 2025 and vest in four equal installments (25% at 3, 6, 9 and 12 months); the Sep 16, 2026 conversion corresponds to the 9-month vesting tranche.

Context

• This was a conversion/settlement of restricted stock units, not an open-market purchase or a cash sale. The reported disposition at $0 often reflects shares withheld or net-settled at vesting for tax or settlement purposes, though the filing does not explicitly state the reason. The activity appears routine vesting of previously granted awards rather than an independent market buy or sale.