Frederick Hume Earnest - 04 Mar 2025 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Signature
/s/ Glenn Cowan as attorney-in-fact for Frederick Hume Earnest
Issuer symbol
VGZ
Transactions as of
04 Mar 2025
Net transactions value
-$110,964
Form type
4
Filing time
06 Mar 2025, 20:38:09 UTC
Previous filing
07 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGZ Common Shares Options Exercise +333,917 +17% 2,304,656 05 Mar 2025 Direct F1
transaction VGZ Common Shares Tax liability $110,964 -154,117 -6.7% $0.7200 2,150,539 05 Mar 2025 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 Award $0 +324,000 $0.000000 324,000 04 Mar 2025 Common Shares 324,000 Direct F1, F3
transaction VGZ Restrictred Stock Units Options Exercise $0 -32,334 -100% $0.000000 0 05 Mar 2025 Common Shares 32,334 Direct F1, F4
transaction VGZ Restricted Stock Units Options Exercise $0 -241,916 -69% $0.000000 106,417 05 Mar 2025 Common Shares 241,916 Direct F1, F5
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -67,750 -64% $0.000000 38,668 05 Mar 2025 Common Shares 67,750 Direct F1, F5
transaction VGZ Restricted Stock Units Options Exercise $0 -59,667 -10% $0.000000 537,333 05 Mar 2025 Common Shares 59,667 Direct F1, F6
* 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 The RSUs vest as follows: 97,000 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 227,000 two years following the grant date, 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.
F4 242,000 RSUs were granted on March 2, 2022, vesting as follows: 97,000 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 145,000 two years following the grant date, 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.
F5 387,000 RSUs were granted on March 5, 2023, vesting as follows: 116,000 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 271,000 two years following the grant date, 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.
F6 597,000 RSUs were granted on February 26, 2024, vesting as follows: 179,000 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 418,000 two years following the grant date, 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.