Mudrick Capital Management, L.P. - Nov 15, 2021 Form 4 Insider Report for HYCROFT MINING HOLDING CORP (HYMC)

Role
10%+ Owner
Signature
See Exhibit 99.1
Stock symbol
HYMC
Transactions as of
Nov 15, 2021
Transactions value $
$0
Form type
4
Date filed
11/17/2021, 06:16 PM
Previous filing
Sep 17, 2021
Next filing
Dec 20, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYMC Class A Common Stock Options Exercise $0 +10.1K +0.04% $0.00 24.4M Nov 15, 2021 See Notes F1, F2
transaction HYMC Class A Common Stock Options Exercise $0 +2.24K +0.01% $0.00 24.4M Nov 15, 2021 See Notes F1, F3
transaction HYMC Class A Common Stock Options Exercise $0 +10.1K +0.04% $0.00 24.4M Nov 15, 2021 See Notes F1, F4, F5

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 Options Exercise $0 -10.1K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 10.1K See Notes F1, F4, F6, F7
transaction HYMC Restricted Stock Units Options Exercise $0 -2.24K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 2.24K See notes F1, F3, F6, F7
transaction HYMC Restricted Stock Units Options Exercise $0 -10.1K -100% $0.00* 0 Nov 15, 2021 Class A Common Stock 10.1K See notes F1, F2, F6, F7
* 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"); Mudrick Capital Management, LLC ("Mudrick Capital GP"), the general partner of Mudrick Capital; and Jason Mudrick, the managing member of Mudrick Capital GP.
F2 Represents the conversion of vested Restricted Stock Units ("RSUs") previously granted by the Issuer on December 4, 2021, into shares of Class A Common Stock in connection with Mr. Kirsch's separation from service to the board of directors in accordance with the applicable award agreement.
F3 Represents the conversion of vested RSUs previously granted by the Issuer on December 4, 2021, into shares of Class A Common Stock in connection with Mr. Kirsch's separation from service to the board of directors in accordance with the applicable award agreement.
F4 Represents the conversion of vested RSUs previously granted by the Issuer on May 24, 2021, into shares of Class A Common Stock in connection with Mr. Kirsch's separation from service to the board of directors in accordance with the award agreement.
F5 Represents 24,429,256 shares of Class A Common Stock held as follows: 22,473 by Mudrick Capital; 10,079,998 by Mudrick Distressed Opportunity Fund Global, L.P.; 2,594,137 by Mudrick Distressed Opportunity Drawdown Fund, L.P.; 2,156,395 by Mudrick Distressed Opportunity Drawdown Fund II, L.P.; 622,249 by Mudrick Distressed Opportunity Drawdown Fund II SC, L.P.; 34,410 by Mudrick Distressed Senior Secured Fund Global, L.P.; and 8,919,594 by certain accounts managed by Mudrick Capital.
F6 Each RSU represents a contingent right to receive one share of HYMC Class A Common Stock, par value $0.0001 per share.
F7 David Kirsch, a Managing Director and Senior Analyst at Mudrick Capital, served as a director on the Board of Directors of the Issuer until his resignation on November 9, 2021.

Remarks:

Exhibit 99.1 Joint Filer Information) incorporated herein by reference.