AGÕæÈ˹ٷ½

STOCK TITAN

[Form 4] U.S. GoldMining Inc. Common stock Insider Trading Activity

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

On 20 June 2025, U.S. GoldMining Inc. (USGO) director Garnet Linn Dawson converted 250 vested Restricted Stock Units (RSUs) into 250 common shares, as reflected in a Form 4 filed with the SEC. The transaction is coded “M,â€� signifying a derivative conversion rather than a market purchase or sale. Following the settlement, Dawson’s direct holdings increased to 20,500 common shares; no shares were disposed of. The RSUs originated from a 1,000-unit grant dated 20 December 2024 that vests in four equal quarterly tranches. After this transaction, 500 RSUs remain un-settled under the original award schedule.

The filing involves no cash exercise price and does not affect Dawson’s indirect ownership or introduce additional derivative instruments. Given the modest size—well below 1 % of USGO’s outstanding equity—the event is considered routine insider activity with negligible impact on the company’s capital structure or daily trading liquidity. Nevertheless, retention of the newly issued shares may be interpreted as a signal of ongoing alignment between the director and shareholder interests.

Il 20 giugno 2025, Garnet Linn Dawson, direttore di U.S. GoldMining Inc. (USGO), ha convertito 250 Restricted Stock Units (RSU) maturate in 250 azioni ordinarie, come riportato in un modulo Form 4 depositato presso la SEC. L'operazione è codificata come “M�, indicando una conversione di derivati e non un acquisto o vendita sul mercato. Dopo la liquidazione, le partecipazioni dirette di Dawson sono salite a 20.500 azioni ordinarie; non sono state cedute azioni. Le RSU derivano da una concessione di 1.000 unità datata 20 dicembre 2024, con maturazione in quattro tranche trimestrali uguali. Dopo questa transazione, rimangono 500 RSU non ancora liquidate secondo il programma originale.

La registrazione non prevede un prezzo di esercizio in contanti e non incide sulla proprietà indiretta di Dawson né introduce strumenti derivati aggiuntivi. Considerata la dimensione contenuta—ben al di sotto dell'1% del capitale sociale in circolazione di USGO—l'evento è considerato un'attività interna di routine con impatto trascurabile sulla struttura del capitale o sulla liquidità di negoziazione giornaliera della società. Tuttavia, la conservazione delle azioni appena emesse può essere interpretata come un segnale di continuo allineamento tra gli interessi del direttore e quelli degli azionisti.

El 20 de junio de 2025, Garnet Linn Dawson, director de U.S. GoldMining Inc. (USGO), convirtió 250 Unidades de Acciones Restringidas (RSU) consolidadas en 250 acciones ordinarias, según consta en un Formulario 4 presentado ante la SEC. La transacción está codificada como “M�, lo que indica una conversión de derivados y no una compra o venta en el mercado. Tras la liquidación, las tenencias directas de Dawson aumentaron a 20,500 acciones ordinarias; no se dispuso de ninguna acción. Las RSU provienen de una concesión de 1,000 unidades fechada el 20 de diciembre de 2024, que se consolida en cuatro tramos trimestrales iguales. Después de esta transacción, quedan 500 RSU pendientes de liquidar según el cronograma original.

La presentación no implica un precio de ejercicio en efectivo y no afecta la propiedad indirecta de Dawson ni introduce instrumentos derivados adicionales. Dada la modesta magnitud—muy por debajo del 1% del capital social en circulación de USGO—el evento se considera una actividad interna rutinaria con un impacto insignificante en la estructura de capital o la liquidez diaria de negociación de la empresa. No obstante, la retención de las acciones recién emitidas puede interpretarse como una señal de alineación continua entre los intereses del director y los accionistas.

2025ë…� 6ì›� 20ì�, U.S. GoldMining Inc.(USGO) ì´ì‚¬ì� Garnet Linn Dawsonì€ 250ê°œì˜ í™•ì •ë� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 250ê°œì˜ ë³´í†µì£¼ë¡œ 전환했으ë©�, ì´ëŠ” SECì—� 제출ë� Form 4 문서ì—� ë°˜ì˜ë˜ì–´ 있습니다. ì� 거래ëŠ� 파ìƒìƒí’ˆ 전환ì� ì˜ë¯¸í•˜ëŠ” “Mâ€� 코드ë¡� 표시ë˜ì—ˆìœ¼ë©°, 시장ì—서ì� 매매가 아님ì� 나타냅니ë‹�. ê²°ì œ í›� Dawsonì� ì§ì ‘ 보유 주ì‹ì€ 20,500ì£�ë¡� ì¦ê°€í–ˆìœ¼ë©�, ì£¼ì‹ ì²˜ë¶„ì€ ì—†ì—ˆìŠµë‹ˆë‹�. 해당 RSUëŠ� 2024ë…� 12ì›� 20ì¼ì— ë¶€ì—¬ëœ 1,000단위ì—서 유래하며, 4ê°œì˜ ë™ì¼í•� 분기ë³� 트랜치로 베스팅ë©ë‹ˆë‹¤. ì´ë²ˆ 거래 ì´í›„ ì›ëž˜ì� 수여 ì¼ì •ì—� ë”°ë¼ 500 RSUê°€ ì•„ì§ ê²°ì œë˜ì§€ ì•Šì€ ìƒíƒœë¡� 남아 있습니다.

ì´ë²ˆ ì‹ ê³ ëŠ� 현금 í–‰ì‚¬ê°€ê²©ì´ ì—†ìœ¼ë©� Dawsonì� ê°„ì ‘ 소유권ì´ë‚� 추가 파ìƒìƒí’ˆ ë„ìž…ì—� ì˜í–¥ì� 미치지 않습니다. USGO 발행 주ì‹ì� 1% 미만ì� 소규ëª� 거래ë¡�, 회사ì� ìžë³¸ 구조ë‚� ì¼ì¼ 거래 유ë™ì„±ì— 미치ëŠ� ì˜í–¥ì€ 미미í•� ì¼ìƒì ì¸ ë‚´ë¶€ìž� 활ë™ìœ¼ë¡œ 간주ë©ë‹ˆë‹�. 그럼ì—ë„ ë¶ˆêµ¬í•˜ê³ , 새로 발행ë� 주ì‹ì� 보유하는 ê²ƒì€ ì´ì‚¬ì™€ 주주ì� ì´í•´ê´€ê³„ê°€ ê³„ì† ì¼ì¹˜í•¨ì„ 나타내는 신호ë¡� í•´ì„ë� ìˆ� 있습니다.

Le 20 juin 2025, Garnet Linn Dawson, administrateur de U.S. GoldMining Inc. (USGO), a converti 250 unités d'actions restreintes (RSU) acquises en 250 actions ordinaires, comme indiqué dans un formulaire 4 déposé auprès de la SEC. La transaction est codée « M », signifiant une conversion de dérivés plutôt qu'un achat ou une vente sur le marché. Après règlement, les détentions directes de Dawson ont augmenté à 20 500 actions ordinaires ; aucune action n'a été cédée. Les RSU proviennent d'une attribution de 1 000 unités datée du 20 décembre 2024, acquises en quatre tranches trimestrielles égales. Après cette opération, 500 RSU restent non réglées selon le calendrier d'attribution initial.

Le dépôt n'implique aucun prix d'exercice en numéraire et n'affecte pas la propriété indirecte de Dawson ni n'introduit d'instruments dérivés supplémentaires. Étant donné la taille modeste—bien inférieure à 1 % du capital social en circulation de USGO—l'événement est considéré comme une activité interne routinière avec un impact négligeable sur la structure du capital ou la liquidité quotidienne de négociation de la société. Néanmoins, la conservation des actions nouvellement émises peut être interprétée comme un signe d'alignement continu entre les intérêts de l'administrateur et ceux des actionnaires.

Am 20. Juni 2025 wandelte Garnet Linn Dawson, Direktor von U.S. GoldMining Inc. (USGO), 250 fällige Restricted Stock Units (RSUs) in 250 Stammaktien um, wie in einem bei der SEC eingereichten Formular 4 vermerkt ist. Die Transaktion ist mit „M� gekennzeichnet, was eine Derivatkonversion und keinen Marktankauf oder -verkauf bedeutet. Nach der Abwicklung stieg Dawsons direkter Aktienbestand auf 20.500 Stammaktien; es wurden keine Aktien veräußert. Die RSUs stammen aus einer Zuteilung von 1.000 Einheiten vom 20. Dezember 2024, die in vier gleichen vierteljährlichen Tranchen fällig werden. Nach dieser Transaktion verbleiben 500 RSUs gemäß dem ursprünglichen Zuteilungsplan unabgewickelt.

Die Meldung beinhaltet keinen Barausübungspreis und beeinflusst Dawsons indirekten Besitz nicht, noch werden zusätzliche Derivate eingeführt. Aufgrund der geringen Größe—deutlich unter 1 % des ausstehenden Eigenkapitals von USGO—wird das Ereignis als routinemäßige Insideraktivität mit vernachlässigbarem Einfluss auf die Kapitalstruktur oder die tägliche Handelsliquidität des Unternehmens betrachtet. Dennoch kann das Behalten der neu ausgegebenen Aktien als Signal für eine fortlaufende Übereinstimmung der Interessen zwischen Direktor und Aktionären gewertet werden.

Positive
  • None.
Negative
  • None.

Insights

TL;DR: Minor RSU conversion; director keeps shares—no material effect on valuation or float.

The 250-share increase moves Dawson’s direct stake to 20,500 shares, a de minimis change relative to USGO’s share count. The “M� code confirms this is simply settlement of vested RSUs, executed at a zero exercise price. Because no shares were sold, the transaction does not introduce selling pressure. While insiders holding rather than selling can be construed as a modest vote of confidence, the scale is far too small to influence earnings outlook, cash flow, or market sentiment. I classify the filing as neutral for investors.

TL;DR: Routine equity-award vesting, governance compliant, negligible strategic significance.

The RSU schedule aligns with typical board compensation practices: quarterly vesting across twelve months. The prompt Form 4 submission (three business days) meets Section 16 reporting requirements, indicating sound compliance culture. No 10b5-1 plan is cited, but the lack of open-market trades reduces potential perception of opportunistic timing. Governance implications are minimal; still, continued share retention marginally enhances board–shareholder alignment without introducing dilution concerns. Overall impact on corporate governance risk profile is neutral.

Il 20 giugno 2025, Garnet Linn Dawson, direttore di U.S. GoldMining Inc. (USGO), ha convertito 250 Restricted Stock Units (RSU) maturate in 250 azioni ordinarie, come riportato in un modulo Form 4 depositato presso la SEC. L'operazione è codificata come “M�, indicando una conversione di derivati e non un acquisto o vendita sul mercato. Dopo la liquidazione, le partecipazioni dirette di Dawson sono salite a 20.500 azioni ordinarie; non sono state cedute azioni. Le RSU derivano da una concessione di 1.000 unità datata 20 dicembre 2024, con maturazione in quattro tranche trimestrali uguali. Dopo questa transazione, rimangono 500 RSU non ancora liquidate secondo il programma originale.

La registrazione non prevede un prezzo di esercizio in contanti e non incide sulla proprietà indiretta di Dawson né introduce strumenti derivati aggiuntivi. Considerata la dimensione contenuta—ben al di sotto dell'1% del capitale sociale in circolazione di USGO—l'evento è considerato un'attività interna di routine con impatto trascurabile sulla struttura del capitale o sulla liquidità di negoziazione giornaliera della società. Tuttavia, la conservazione delle azioni appena emesse può essere interpretata come un segnale di continuo allineamento tra gli interessi del direttore e quelli degli azionisti.

El 20 de junio de 2025, Garnet Linn Dawson, director de U.S. GoldMining Inc. (USGO), convirtió 250 Unidades de Acciones Restringidas (RSU) consolidadas en 250 acciones ordinarias, según consta en un Formulario 4 presentado ante la SEC. La transacción está codificada como “M�, lo que indica una conversión de derivados y no una compra o venta en el mercado. Tras la liquidación, las tenencias directas de Dawson aumentaron a 20,500 acciones ordinarias; no se dispuso de ninguna acción. Las RSU provienen de una concesión de 1,000 unidades fechada el 20 de diciembre de 2024, que se consolida en cuatro tramos trimestrales iguales. Después de esta transacción, quedan 500 RSU pendientes de liquidar según el cronograma original.

La presentación no implica un precio de ejercicio en efectivo y no afecta la propiedad indirecta de Dawson ni introduce instrumentos derivados adicionales. Dada la modesta magnitud—muy por debajo del 1% del capital social en circulación de USGO—el evento se considera una actividad interna rutinaria con un impacto insignificante en la estructura de capital o la liquidez diaria de negociación de la empresa. No obstante, la retención de las acciones recién emitidas puede interpretarse como una señal de alineación continua entre los intereses del director y los accionistas.

2025ë…� 6ì›� 20ì�, U.S. GoldMining Inc.(USGO) ì´ì‚¬ì� Garnet Linn Dawsonì€ 250ê°œì˜ í™•ì •ë� 제한 ì£¼ì‹ ë‹¨ìœ„(RSU)ë¥� 250ê°œì˜ ë³´í†µì£¼ë¡œ 전환했으ë©�, ì´ëŠ” SECì—� 제출ë� Form 4 문서ì—� ë°˜ì˜ë˜ì–´ 있습니다. ì� 거래ëŠ� 파ìƒìƒí’ˆ 전환ì� ì˜ë¯¸í•˜ëŠ” “Mâ€� 코드ë¡� 표시ë˜ì—ˆìœ¼ë©°, 시장ì—서ì� 매매가 아님ì� 나타냅니ë‹�. ê²°ì œ í›� Dawsonì� ì§ì ‘ 보유 주ì‹ì€ 20,500ì£�ë¡� ì¦ê°€í–ˆìœ¼ë©�, ì£¼ì‹ ì²˜ë¶„ì€ ì—†ì—ˆìŠµë‹ˆë‹�. 해당 RSUëŠ� 2024ë…� 12ì›� 20ì¼ì— ë¶€ì—¬ëœ 1,000단위ì—서 유래하며, 4ê°œì˜ ë™ì¼í•� 분기ë³� 트랜치로 베스팅ë©ë‹ˆë‹¤. ì´ë²ˆ 거래 ì´í›„ ì›ëž˜ì� 수여 ì¼ì •ì—� ë”°ë¼ 500 RSUê°€ ì•„ì§ ê²°ì œë˜ì§€ ì•Šì€ ìƒíƒœë¡� 남아 있습니다.

ì´ë²ˆ ì‹ ê³ ëŠ� 현금 í–‰ì‚¬ê°€ê²©ì´ ì—†ìœ¼ë©� Dawsonì� ê°„ì ‘ 소유권ì´ë‚� 추가 파ìƒìƒí’ˆ ë„ìž…ì—� ì˜í–¥ì� 미치지 않습니다. USGO 발행 주ì‹ì� 1% 미만ì� 소규ëª� 거래ë¡�, 회사ì� ìžë³¸ 구조ë‚� ì¼ì¼ 거래 유ë™ì„±ì— 미치ëŠ� ì˜í–¥ì€ 미미í•� ì¼ìƒì ì¸ ë‚´ë¶€ìž� 활ë™ìœ¼ë¡œ 간주ë©ë‹ˆë‹�. 그럼ì—ë„ ë¶ˆêµ¬í•˜ê³ , 새로 발행ë� 주ì‹ì� 보유하는 ê²ƒì€ ì´ì‚¬ì™€ 주주ì� ì´í•´ê´€ê³„ê°€ ê³„ì† ì¼ì¹˜í•¨ì„ 나타내는 신호ë¡� í•´ì„ë� ìˆ� 있습니다.

Le 20 juin 2025, Garnet Linn Dawson, administrateur de U.S. GoldMining Inc. (USGO), a converti 250 unités d'actions restreintes (RSU) acquises en 250 actions ordinaires, comme indiqué dans un formulaire 4 déposé auprès de la SEC. La transaction est codée « M », signifiant une conversion de dérivés plutôt qu'un achat ou une vente sur le marché. Après règlement, les détentions directes de Dawson ont augmenté à 20 500 actions ordinaires ; aucune action n'a été cédée. Les RSU proviennent d'une attribution de 1 000 unités datée du 20 décembre 2024, acquises en quatre tranches trimestrielles égales. Après cette opération, 500 RSU restent non réglées selon le calendrier d'attribution initial.

Le dépôt n'implique aucun prix d'exercice en numéraire et n'affecte pas la propriété indirecte de Dawson ni n'introduit d'instruments dérivés supplémentaires. Étant donné la taille modeste—bien inférieure à 1 % du capital social en circulation de USGO—l'événement est considéré comme une activité interne routinière avec un impact négligeable sur la structure du capital ou la liquidité quotidienne de négociation de la société. Néanmoins, la conservation des actions nouvellement émises peut être interprétée comme un signe d'alignement continu entre les intérêts de l'administrateur et ceux des actionnaires.

Am 20. Juni 2025 wandelte Garnet Linn Dawson, Direktor von U.S. GoldMining Inc. (USGO), 250 fällige Restricted Stock Units (RSUs) in 250 Stammaktien um, wie in einem bei der SEC eingereichten Formular 4 vermerkt ist. Die Transaktion ist mit „M� gekennzeichnet, was eine Derivatkonversion und keinen Marktankauf oder -verkauf bedeutet. Nach der Abwicklung stieg Dawsons direkter Aktienbestand auf 20.500 Stammaktien; es wurden keine Aktien veräußert. Die RSUs stammen aus einer Zuteilung von 1.000 Einheiten vom 20. Dezember 2024, die in vier gleichen vierteljährlichen Tranchen fällig werden. Nach dieser Transaktion verbleiben 500 RSUs gemäß dem ursprünglichen Zuteilungsplan unabgewickelt.

Die Meldung beinhaltet keinen Barausübungspreis und beeinflusst Dawsons indirekten Besitz nicht, noch werden zusätzliche Derivate eingeführt. Aufgrund der geringen Größe—deutlich unter 1 % des ausstehenden Eigenkapitals von USGO—wird das Ereignis als routinemäßige Insideraktivität mit vernachlässigbarem Einfluss auf die Kapitalstruktur oder die tägliche Handelsliquidität des Unternehmens betrachtet. Dennoch kann das Behalten der neu ausgegebenen Aktien als Signal für eine fortlaufende Übereinstimmung der Interessen zwischen Direktor und Aktionären gewertet werden.

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.
1. Name and Address of Reporting Person*
Dawson Garnet Linn

(Last) (First) (Middle)
1830 - 1188 W. GEORGIA STREET

(Street)
VANCOUVER A1 V6E 4A2

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
U.S. GoldMining Inc. [ USGO ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/20/2025
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 06/20/2025 M 250 A (1) 20,500 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (1) 06/20/2025 M 250 (2) (2) Common Stock 250 $0 500 D
Explanation of Responses:
1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
2. On December 20, 2024, the reporting person was granted 1,000 Restricted Stock Units. The Restricted Stock Units vest in four equal installments, 25% shall vest 3 months from December 20, 2024 (the "Grant Date"), 25% shall vest 6 months from the Grant Date, 25% shall vest 9 months from the Grant Date, and 25% shall vest 12 months from Grant Date.
/s/ Garnet Dawson 06/23/2025
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

How many USGO shares did director Garnet Dawson acquire on June 20, 2025?

250 common shares were acquired through the conversion of vested RSUs.

What is Garnet Dawson’s total direct ownership in USGO after the Form 4 transaction?

He now directly owns 20,500 common shares.

Did the transaction involve any open-market sales of USGO stock?

No. The Form 4 reports only an RSU conversion with no shares sold.

How many Restricted Stock Units remain unvested for the director?

Dawson retains 500 RSUs that will vest under the original 12-month schedule.

Is the Form 4 filing likely to impact USGO’s stock price?

Given the small size of the conversion, the filing is considered not materially impactful to share price.
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