U.S. Gold (USAU) Director Luke Norman Receives Stock Awards

What Happened
Luke Norman (Director) was granted two awards by U.S. Gold Corp. on September 28, 2026: 11,271 deferred stock units and 19,589 stock options. Both grants show $0 paid by the reporting person (they are company awards, not open-market purchases). The awards are compensation grants rather than sales or purchases by the insider.

Key Details

• Transaction date: 2026-09-28; filing date: 2026-09-29 (timely).
• Grants: 11,271 deferred stock units (reported as acquired at $0) and 19,589 option-type derivative awards (reported as acquired at $0).
• Vesting/service terms: deferred stock units become service-satisfied on the first anniversary of the grant and the service-satisfied portion vests upon cessation of Board service; options vest on the first anniversary, both subject to continuous service (see footnotes F1 & F2).
• Indirect holdings: Luke Norman Consulting Limited is 100% owned by the reporting person (F3). Footnote F4 notes previous reporting (Jan 21, 2026) showing 449,401 shares reported as directly owned, with 268,759 of those then held indirectly through Luke Norman Consulting; this filing clarifies direct vs. indirect holdings.
• Shares owned after transaction: not explicitly stated in this Form 4; refer to prior filings and footnote F4 for recent reported holdings.
• Filing status: timely (no late filing indicated).

Context
These are typical equity compensation awards to a board member. Deferred stock units and unexercised options are not immediate cash or liquidating events — the options are not exercised here. Such grants are common as director compensation and do not by themselves indicate a buy or sell signal.