Perpetua Resources (NASDAQ: PPTA) director receives 694 deferred share units

Rhea-AI Filing Summary

Cole Andrew Phillip reported acquisition or exercise transactions in this Form 4 filing.

Perpetua Resources Corp. director Andrew Phillip Cole received a grant of 694 Deferred Share Units (DSUs) as compensation for first-quarter 2026 board service. Each DSU entitles him to one common share or, if approved, a cash payment equal to its value on the settlement date.

The DSUs were valued using a price of $25.18 per common share, based on the Nasdaq Capital Market closing price on March 24, 2026. They are fully vested on the grant date and will be settled after his separation from service, bringing his total DSU holdings to 26,661.

Insights

Equity compensation analyst

Director received routine DSU compensation with no open-market buying or selling.

Perpetua Resources Corp. granted director Andrew Phillip Cole 694 Deferred Share Units as a non-cash retainer for first-quarter 2026. A code A transaction reflects a grant or award, not an open-market purchase, and the DSUs are fully vested at grant.

Each DSU converts into one common share or, if allowed, an equivalent cash amount upon settlement after separation from service. The grant was valued using a $25.18 share price. Cole now holds 26,661 DSUs, so this award modestly increases his deferred equity exposure without signaling a discretionary trade in the stock.

Insider Trade Summary

1 transaction reported

Mixed 1 txn

Insider Cole Andrew Phillip

Role Director

Type	Security	Shares	Price	Value
Grant/Award	Deferred Share Units	694	$25.18	$17K

Holdings After Transaction: Deferred Share Units — 26,661 shares (Direct)

Footnotes (1)

1. A deferred share unit ("DSU") entitles the holder to receive one common share of Perpetua Resources Corp. (the "Issuer") (or, at the election of the holder and subject to the approval of the administrator of the Issuer's Omnibus Equity Incentive Plan, cash equal to the value thereof on the date of settlement) for each DSU. The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the first quarter of 2026. The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service. Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on March 24, 2026.

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

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^*

Cole Andrew Phillip

(Last) (First) (Middle)

405 S. 8TH STREET, STE 201

(Street)

BOISE IDAHO 83702

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
PERPETUA RESOURCES CORP. [ PPTA ]

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

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
03/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

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

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
Deferred Share Units	(1)	03/25/2026		A		694		(1)	(1)	Common Shares	694	$25.18(2)	26,661	D

Explanation of Responses:

1. A deferred share unit ("DSU") entitles the holder to receive one common share of Perpetua Resources Corp. (the "Issuer") (or, at the election of the holder and subject to the approval of the administrator of the Issuer's Omnibus Equity Incentive Plan, cash equal to the value thereof on the date of settlement) for each DSU. The Reporting Person elected to receive DSUs in lieu of a cash retainer for his service during the first quarter of 2026. The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service.

2. Based on the closing price of the Issuer's Common Shares on the Nasdaq Capital Market on March 24, 2026.

	/s/ Tanya Nelson, as attorney-in-fact for Andrew Cole	03/27/2026
	** 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.
* Form 4: SEC 1474 (03-26)

FAQ

What insider transaction did Perpetua Resources (PPTA) report for Andrew Phillip Cole?

Perpetua Resources reported a grant of 694 Deferred Share Units to director Andrew Phillip Cole. The award represents his elected non-cash retainer for first-quarter 2026 board service and increases his total DSU holdings to 26,661 units tied to future settlement.

How are Andrew Phillip Cole’s Perpetua Resources DSUs valued in this Form 4?

The 694 Deferred Share Units were valued using a Perpetua Resources common share price of $25.18. That figure reflects the closing price on the Nasdaq Capital Market on March 24, 2026, providing the reference value for the non-cash director retainer grant disclosed.

What does each Deferred Share Unit represent for Perpetua Resources (PPTA)?

Each Deferred Share Unit entitles the holder to one Perpetua Resources common share, or, if the plan administrator approves, a cash payment equal to that share’s value at settlement. This structure defers compensation while aligning director interests with future company share performance.

When will Andrew Phillip Cole’s Perpetua Resources DSUs be settled?

The Deferred Share Units granted to Andrew Phillip Cole are fully vested on the grant date but will only be settled after his separation from service. At that time, he will receive either common shares or an equivalent cash amount, consistent with the company’s Omnibus Equity Incentive Plan.

Did Andrew Phillip Cole buy or sell Perpetua Resources shares on the market?

The Form 4 shows a grant of Deferred Share Units coded as an acquisition award, not an open-market stock purchase or sale. The transaction reflects compensation for his board role rather than a discretionary market trade in Perpetua Resources common shares.

How many Deferred Share Units does Andrew Phillip Cole hold after this Perpetua grant?

Following the grant of 694 Deferred Share Units, Andrew Phillip Cole beneficially owns 26,661 DSUs. Each unit is tied to one Perpetua Resources common share or an equivalent cash amount, to be delivered after his eventual separation from board service with the company.