[Form 4] AUGUSTA GOLD CORP. Insider Trading Activity

Rhea-AI Filing Summary

Augusta Gold Corp. (AUGG) reported an insider transaction tied to the closing of its merger with AngloGold Ashanti (U.S.A.) Holdings Inc. on October 23, 2025. The reporting officer, SVP Corporate Affairs and Corporate Secretary, disclosed the disposition of 216,667 common shares and an additional 19,800 shares held indirectly by a spouse, pursuant to the merger consideration of C$1.70 per share.

All outstanding employee stock options were deemed vested at closing and then cancelled for cash per the merger terms. The Form 4 lists options over 375,000 shares at an exercise price of $0.80 and 400,000 shares at $1.55, both reduced to 0 following the transaction. After these transactions, the reporting person shows 0 common shares and 0 derivative securities beneficially owned.

Insider Trade Summary

4 transactions reported

Mixed 4 txns

Insider PARIKH PURNI

Role SVP Corp Affairs and Corp Sec

Type	Security	Shares	Price	Value
Disposition	Employee Stock Option (Right to Buy)	375,000	$0.00	--
Disposition	Employee Stock Option (Right to Buy)	400,000	$0.00	--
Disposition	Common Shares	216,667	$0.00	--
Disposition	Common Shares	19,800	$0.00	--

Holdings After Transaction: Employee Stock Option (Right to Buy) — 0 shares (Direct); Common Shares — 0 shares (Direct); Common Shares — 0 shares (Indirect, Held by spouse)

Footnotes (1)

1. Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 15, 2025 (as amended from time to time, the "Merger Agreement") by and among the Issuer, AngloGold Ashanti (U.S.A.) Holdings Inc. ("Parent"), Exploration Inc., ("Merger Sub"), and joined by AngloGold Ashanti Holdings plc for the limited purposes specified in the Merger Agreement, which was consummated on October 23, 2025, and pursuant to which Parent acquired all of the outstanding common shares of the Issuer (other than those owned by Parent and its affiliates) in exchange for cash consideration of C$1.70 per share (the "Merger"). As previously reported, exercise price reported above was converted from the Canadian exercise price of C$1.11 using an exchange rate of C$1.3821=US$1.00. As previously reported, the options were granted on April 16, 2024, and vest as follows: One-third on April 16, 2025; one-third on April 16, 2026; and one-third on April 16, 2027. In connection with the Merger, all outstanding options to purchase common shares of the issuer as of immediately prior to the effective time of the Merger, were deemed unconditionally vested and exercisable, and subsequently cancelled in exchange for cash payment equal to the difference between the per share consideration of C$1.70 and the per share exercise price of such option multiplied by the number of common shares issuable pursuant to such option, less applicable withholdings. As previously reported, exercise price reported above was converted from the Canadian exercise price of C$2.00 using an exchange rate of C$1.2934=US$1.00. As previously reported, the options were granted on February 22, 2021 and vest as follows: One-third on February 22, 2022; one-third on February 22, 2023; and one-third on February 22, 2024.

Form 4 Insider Transactions: What Each Field Means →

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

X

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^*

PARIKH PURNI

(Last) (First) (Middle)

C/O AUGUSTA GOLD CORP.

SUITE 555, 999 CANADA PLACE

(Street)

VANCOUVER A1 V6C 3E1

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AUGUSTA GOLD CORP. [ AUGG ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SVP Corp Affairs and Corp Sec

3. Date of Earliest Transaction (Month/Day/Year)
10/23/2025

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 Shares	10/23/2025		D		216,667	D	(1)	0	D
Common Shares	10/23/2025		D		19,800	D	(1)	0	I	Held by spouse

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
Employee Stock Option (Right to Buy)	$0.8(2)	10/23/2025		D(1)			375,000	(3)	04/16/2029	Common Shares	375,000	(4)	0	D
Employee Stock Option (Right to Buy)	$1.55(5)	10/23/2025		D(1)			400,000	(6)	02/22/2026	Common Shares	400,000	(4)	0	D

Explanation of Responses:

1. Disposed of pursuant to the Agreement and Plan of Merger, dated as of July 15, 2025 (as amended from time to time, the "Merger Agreement") by and among the Issuer, AngloGold Ashanti (U.S.A.) Holdings Inc. ("Parent"), Exploration Inc., ("Merger Sub"), and joined by AngloGold Ashanti Holdings plc for the limited purposes specified in the Merger Agreement, which was consummated on October 23, 2025, and pursuant to which Parent acquired all of the outstanding common shares of the Issuer (other than those owned by Parent and its affiliates) in exchange for cash consideration of C$1.70 per share (the "Merger").

2. As previously reported, exercise price reported above was converted from the Canadian exercise price of C$1.11 using an exchange rate of C$1.3821=US$1.00.

3. As previously reported, the options were granted on April 16, 2024, and vest as follows: One-third on April 16, 2025; one-third on April 16, 2026; and one-third on April 16, 2027.

4. In connection with the Merger, all outstanding options to purchase common shares of the issuer as of immediately prior to the effective time of the Merger, were deemed unconditionally vested and exercisable, and subsequently cancelled in exchange for cash payment equal to the difference between the per share consideration of C$1.70 and the per share exercise price of such option multiplied by the number of common shares issuable pursuant to such option, less applicable withholdings.

5. As previously reported, exercise price reported above was converted from the Canadian exercise price of C$2.00 using an exchange rate of C$1.2934=US$1.00.

6. As previously reported, the options were granted on February 22, 2021 and vest as follows: One-third on February 22, 2022; one-third on February 22, 2023; and one-third on February 22, 2024.

	/s/ Purni Parikh	10/23/2025
	** 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

What did Augusta Gold (AUGG) disclose in this Form 4?

An officer reported the disposition of common shares and the cash cancellation of stock options upon the merger’s consummation on October 23, 2025.

What was the cash consideration per share in the Augusta Gold merger?

Each common share was exchanged for C$1.70 per share.

How many Augusta Gold shares did the insider dispose of?

The filing shows 216,667 common shares disposed of directly and 19,800 shares disposed of indirectly held by a spouse.

What happened to the insider’s stock options at closing?

All options became unconditionally vested and were then cancelled for a cash payment based on C$1.70 minus the exercise price per share, times the number of shares.

Which option grants were listed and at what exercise prices?

Options over 375,000 shares at $0.80 and 400,000 shares at $1.55 were reported, both ending with 0 remaining.

Who is the reporting person in this Form 4?

An officer of Augusta Gold serving as SVP Corporate Affairs and Corporate Secretary.

What is Augusta Gold’s ticker?

The ticker is AUGG.