Smith Timothy Robert 4
4 · U.S. GoldMining Inc. · Filed Mar 18, 2026
Research Summary
AI-generated summary of this filing
U.S. GoldMining (USGO) CEO Timothy Smith Receives 625 Shares (RSU Vesting)
What Happened
Timothy Robert Smith, CEO of U.S. GoldMining Inc. (USGO), had 625 Restricted Stock Units (RSUs) convert into 625 shares on March 16, 2026. The Form 4 shows an acquisition/ conversion of 625 shares (no dollar price reported) and a simultaneous disposition of 625 shares at $0.00 (derivative). The disposition at $0.00 is commonly how RSU settlements are reported when shares are withheld or net-settled (e.g., to cover taxes), but the filing itself reports only the conversion and the $0.00 disposition.
Key Details
- Transaction date: 2026-03-16; Form 4 filed 2026-03-18 (appears to be timely).
- Acquired: 625 shares via conversion of RSUs (price: N/A).
- Disposed: 625 shares reported at $0.00 (derivative).
- Shares owned after transaction: not specified in the filing.
- Footnotes: F1 — each RSU converts to one common share; F2 — grant of 2,500 RSUs on Dec 16, 2025 vesting in four equal installments (25% vest at ~3, 6, 9, 12 months), so the 625 shares represent the first vesting tranche.
- No 10b5-1 plan, open-market sale, or explicit tax withholding language is stated in the filing.
Context
This was an RSU vesting/settlement event, not an open-market buy or sale of shares. Such conversions are routine compensation actions for executives; the reported $0.00 disposition line typically reflects net settlement or withholding rather than a market sale and therefore does not directly signal buying or selling sentiment.
Insider Transaction Report
- Exercise/Conversion
Common Stock
[F1]2026-03-16+625→ 56,625 total - Exercise/Conversion
Restricted Stock Units
[F1][F2]2026-03-16−625→ 1,875 total→ Common Stock (625 underlying)
Footnotes (2)
- [F1]Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.
- [F2]On December 16, 2025, the reporting person was granted 2,500 Restricted Stock Units. The Restricted Stock Units vest in four equal installments, 25% shall vest 3 months from December 16, 2025 (the "Grant Date"), 25% shall vest 6 months from the Grant Date, 25% shall vest 9 months from the Grant Date, and 25% shall vest 12 months from Grant Date.