Still Alastair Charles 4

What Happened

• Alastair Charles Still, a director of U.S. GoldMining Inc. (USGO), exercised warrants on March 12, 2026 to acquire 7,500 common shares at an exercise price of $13.00 per share, for a total cash payment of $97,500. The Form 4 also records the related derivative instrument (the warrants) being disposed/converted (7,500 units) with $0.00 consideration, reflecting the exercise/termination of those warrants.

Key Details

• Transaction date: 2026-03-12; Form 4 filed 2026-03-13 (filed promptly the next day).
• Acquired: 7,500 common shares at $13.00 per share; total paid $97,500.
• Derivative disposition: 7,500 warrants/derivative units reported disposed at $0.00 (represents the exercised warrants).
• Shares owned after transaction: not specified in the provided filing excerpt.
• Footnotes: F1 = exercise of warrants to purchase common stock at $13.00; F2 = securities are/are held by AC Still Management Inc., a company controlled by Mr. Still.

Context

• This was an in-the-money warrant exercise (a cash exercise where the insider paid $97,500 to receive shares). The filing shows acquisition of shares, not a sale — no immediate sale of the acquired shares was reported. The shares may be held via AC Still Management Inc., per the footnote. This is a routine insider acquisition through warrant exercise and the filing appears timely.