Star Gold (SRGZ) 10% Owner Myrmikan Exercises Options, Sells Shares

What Happened

• Myrmikan Capital, LLC — a reported 10% owner of Star Gold Corp. (SRGZ) — exercised derivative securities to acquire 5,000,000 shares at $0.08 per share (total $400,000) on 2026-07-31. The same day the filing also reports a disposition of 5,000,000 shares at $0.08 per share (total $400,000).
• Because the exercise (acquisition) and disposition (sale) are for equal amounts on the same date, the transactions reported here produced no net increase in shares held as a result of these entries alone.

Key Details

• Transaction date: 2026-07-31; exercise price / sale price: $0.08 per share.
• Amounts: 5,000,000 shares acquired via derivative exercise (M) = $400,000; 5,000,000 shares disposed (M) = $400,000.
• Insider role: Myrmikan Capital, LLC — identified as a 10% owner (institutional investor), not an executive.
• Shares owned after transaction: not disclosed in the provided filing summary.
• Filing timeliness: Report filed 2026-09-15 for a 2026-07-31 transaction (late filing). Late Form 4s delay public visibility into insider activity; they can also draw SEC attention depending on circumstances.
• Notes: Transaction code M denotes exercise or conversion of a derivative security. The matching exercise and sale on the same date is consistent with an immediate sale (often called a cashless exercise), though the filing merely shows an acquisition and a contemporaneous disposition.

Context

• As a 10% holder (institutional), Myrmikan’s moves differ from an executive’s trades; they reflect institutional position management rather than insider views on company operations. Immediate sale of exercised shares is common to cover exercise costs or lock in gains and does not necessarily signal new bullish conviction.