Douglas L. Tobler - 04 Mar 2025 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Role
CFO
Signature
/s/ Glenn Cowan as attorney-in-fact for Douglas L. Tobler
Issuer symbol
VGZ
Transactions as of
04 Mar 2025
Net transactions value
-$58,491
Form type
4
Filing time
06 Mar 2025, 20:47:39 UTC
Previous filing
21 Mar 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction VGZ Common Shares Options Exercise +172,668 +51% 514,570 05 Mar 2025 Direct F1
transaction VGZ Common Shares Tax liability $58,491 -81,237 -16% $0.7200 433,333 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 +167,000 $0.000000 167,000 04 Mar 2025 Common Shares 167,000 Direct F1, F3
transaction VGZ Restricted Stock Units Options Exercise $0 -16,668 -100% $0.000000 0 05 Mar 2025 Common Shares 16,668 Direct F1, F4
transaction VGZ Restricted Stock Units Options Exercise $0 -125,000 -69% $0.000000 55,000 05 Mar 2025 Common Shares 125,000 Direct F1, F5
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -35,000 -64% $0.000000 20,000 05 Mar 2025 Common Shares 35,000 Direct F1, F5
transaction VGZ Restricted Stock Units Options Exercise $0 -31,000 -10% $0.000000 278,000 05 Mar 2025 Common Shares 31,000 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: 50,000 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 117,000 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 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 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 75,000 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 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 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 140,000 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 to occur as soon as administratively feasible following the vesting date.
F6 309,000 RSUs were granted on February 26, 2024, vesting as follows: 93,000 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 216,000 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 to occur as soon as administratively feasible following the vesting date.