i-80 Gold (IAUX) CEO buys 1M shares and receives 407K RSUs
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
i-80 Gold Corp. President and CEO Richard Scott Young reported two key transactions. He purchased 1,000,000 Common Shares in the open market at $1.40 per share, bringing his direct Common Share holdings to 4,971,000 shares.
He also received a grant of 407,408 Restricted Share Units (RSUs), each representing a right to one common share. According to the terms, these RSUs vest in full on March 1, 2029 and will be settled in cash or shares at the company’s discretion. In addition, 366,000 Common Shares are held indirectly by his spouse, with beneficial ownership disclaimed except for any pecuniary interest.
Positive
- None.
Negative
- None.
Insider Trade Summary
Net Buyer: 1,000,000 shares ($1,400,000)
Net Buy
3 txns
Insider
Young Richard Scott
Role
President and CEO
Bought
1,000,000 shs ($1.40M)
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Share Units | 407,408 | $0.00 | -- |
| Purchase | Common Shares | 1,000,000 | $1.40 | $1.40M |
| holding | Common Shares | -- | -- | -- |
Holdings After Transaction:
Restricted Share Units — 407,408 shares (Direct);
Common Shares — 4,971,000 shares (Direct);
Common Shares — 366,000 shares (Indirect, By spouse)
Footnotes (1)
- Canadian purchase price of $1.9328 converted into U.S. dollars using an exchange rate of C$1.3801=US$1.00 The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. Each Restricted Share Unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock. RSUs will vest in full on March 1, 2029. Vested RSUs settle in cash or shares at the discretion of the Issuer as soon as administratively feasible following the vesting date.
FAQ
What insider transactions did i-80 Gold (IAUX) CEO Richard Scott Young report?
Richard Scott Young reported an open-market purchase and an RSU grant. He bought 1,000,000 Common Shares at $1.40 per share and received 407,408 Restricted Share Units that may convert into an equal number of common shares, subject to future vesting conditions.
What are the key terms of the 407,408 RSUs granted to the i-80 Gold (IAUX) CEO?
Each RSU represents a contingent right to one common share. All 407,408 Restricted Share Units vest in full on March 1, 2029 and, once vested, will be settled in either cash or shares at i-80 Gold’s discretion shortly after the vesting date.
Does the i-80 Gold (IAUX) CEO have remaining derivative positions after this Form 4?
The filing shows a new grant of 407,408 RSUs with no other derivatives listed. The RSUs vest on March 1, 2029, and the absence of additional derivative entries suggests this award is the primary derivative-related position disclosed in this specific report.