Mudrick Capital Management, L.P. - May 24, 2021 Form 4 Insider Report for HYCROFT MINING HOLDING CORP (HYMC)

Role
Director, 10%+ Owner
Signature
/s/ See Exhibit 99.1
Stock symbol
HYMC
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
4
Date filed
5/26/2021, 08:54 PM
Previous filing
Aug 3, 2021
Next filing
Jun 1, 2021

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 HYMC Restricted Stock Units Award $0 +20.3K $0.00 20.3K May 24, 2021 Class A Common Stock 20.3K See Notes F1, F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("Mudrick Capital"); Jason Mudrick; and Mudrick Capital Management, LLC ("Mudrick Capital GP").
F2 Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's Class A Common Stock ("Common Stock").
F3 Represents an award of RSUs granted by the Issuer on May 24, 2021, in connection with Mr. Kirsch's service on the Issuer's Board of Directors issued to Mudrick Capital. 50% of these RSUs vest immediately on the date of grant and, subject to the reporting person's continued service on the Issuer's Board of Directors, the remaining 50% will vest on the earlier of (a) the Issuer's first annual meeting of stockholders held after the grant date or (b) May 24, 2022. Vested RSUs will convert into shares of the Issuer's Class A Common Stock upon Mr. Kirsch's separation of service from the Issuer's Board of Directors; provided, however, that if, on that conversion date, the Reporting Person is prohibited from trading in the Issuer's securities pursuant to applicable securities laws or the Issuer's policies, the conversion date shall be, in the determination of the Board's Compensation Committee, the 2nd trading day after the date the Reporting Person is no longer prohibited from such trading.
F4 Mr. Kirsch is a Managing Director and Senior Analyst at Mudrick Capital and serves as a director on the Board of Directors of the Issuer. Each of the Reporting Persons is a "director by deputization" solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.

Remarks:

Exhibit 99.1 (Joint Filer Information) is incorporated herein by reference.