Douglas L. Tobler - Mar 5, 2024 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Role
CFO
Signature
/s/ Glenn Cowan as attorney-in-fact for Douglas L. Tobler
Stock symbol
VGZ
Transactions as of
Mar 5, 2024
Transactions value $
-$20,474
Form type
4
Date filed
3/7/2024, 10:35 AM
Previous filing
Feb 28, 2024
Next filing
Mar 21, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGZ Common Shares Options Exercise +13.3K +4.73% 295K Mar 5, 2024 Direct F1
transaction VGZ Common Shares Options Exercise +72.9K +24.68% 368K Mar 5, 2024 Direct F1
transaction VGZ Common Shares Options Exercise +20K +5.43% 388K Mar 5, 2024 Direct F1
transaction VGZ Common Shares Tax liability -$20.5K -49.9K -12.86% $0.41 338K Mar 5, 2024 Direct F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction VGZ Restricted Stock Units Options Exercise $0 -13.3K -100% $0.00* 0 Mar 5, 2024 Common Shares 13.3K Direct F1, F3
transaction VGZ Restricted Stock Units Options Exercise $0 -72.9K -67.31% $0.00 35.4K Mar 5, 2024 Common Shares 72.9K Direct F1, F4
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -18.8K -52.94% $0.00 16.7K Mar 5, 2024 Common Shares 18.8K Direct F1, F4
transaction VGZ Restricted Stock Units Options Exercise $0 -20K -10% $0.00 180K Mar 5, 2024 Common Shares 20K Direct F1, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2 Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of RSUs reported in Table II.
F3 144,000 RSUs were granted February 23, 2021, vesting as follows: 40,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 61,000 on February 23, 2023, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting period.
F4 125,000 RSUs were granted on March 2, 2022, vesting as follows: 50,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36th months), subject to the reporting person's continuing service as an officer of the Issuer; and 75,000 on March 2, 2024, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs to occur as soon as administratively feasible following the vesting date.
F5 200,000 RSUs were granted on March 5, 2023, vesting as follows: 60,000 over a 36-month period (1/3 at 12 moths, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 140,000 on March 5, 2025, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.