Malmen Jeffrey L 4

What Happened

Jeffrey L. Malmen, a director of Perpetua Resources Corp. (PPTA), was granted 694 deferred share units (DSUs) on March 25, 2026. The grant is reported as a derivative award (code A) with an attributable value of $25.18 per DSU, totaling $17,475. The DSUs are fully vested as of the grant date.

Key Details

• Transaction type: Award/Grant (derivative DSUs), Form 4 code A
• Transaction date: March 25, 2026; filing date: March 27, 2026
• Quantity and value: 694 DSUs @ $25.18 each = $17,475 (value based on Nasdaq closing price on March 24, 2026) (see footnote F2)
• Shares owned after transaction: Not specified in this Form 4
• Notable footnote (F1): Each DSU entitles the holder to one common share (or, at the holder’s election and subject to plan administrator approval, cash equal to the share value) at settlement; DSUs will be settled following the reporting person's separation from service and were fully vested on grant
• Timeliness: Filed two days after the grant date (no late-filing indication in the filing)

Context

DSUs are a form of deferred compensation — they do not represent immediate open-market purchases or sales and will convert to shares (or cash) only at settlement, typically when the director leaves service. Because this is a routine compensation grant (not a market purchase or sale), it should be viewed as part of director compensation rather than a direct signal of insider buying or selling intent.