Schmidt Laura 4

What Happened

• Laura Schmidt, a director of U.S. GoldMining Inc. (USGO), had 250 Restricted Stock Units (RSUs) vest on March 16, 2026 and the filing reports an exercise/conversion of those RSUs into 250 common shares. The filing also records a corresponding disposition of 250 derivative shares at $0.00. No cash proceeds or open‑market sale was reported.

Key Details

• Transaction date: 2026-03-16 (reported on Form 4 filed 2026-03-18).
• Transaction codes: M = Exercise/conversion of derivative; disposition reported at $0.00.
• Shares involved: 250 RSUs converted into 250 common shares; disposition of 250 derivative shares at $0.00.
• Shares owned after transaction: not specified in the provided filing data.
• Footnotes: F1 — each RSU converts to one common share at settlement; F2 — the RSUs were granted Dec 16, 2025 (1,000 RSUs) and vest 25% every 3 months, so 250 vested on Mar 16, 2026.
• Timeliness: Filing was submitted two days after the transaction date (appears timely).

Context

• This was a scheduled vesting/settlement of time‑based RSUs, not an open‑market buy or sale by the insider. The $0.00 disposition likely reflects recordation of the RSU settlement (and/or internal withholding/settlement mechanics) rather than a cash sale; the filing shows no proceeds received. Such RSU conversions are routine compensation events for insiders and do not necessarily signal a change in market view.