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

Role
10%+ Owner
Signature
See Exhibit 99.1
Issuer symbol
HYMC
Transactions as of
15 Nov 2021
Net transactions value
$0
Form type
4
Filing time
17 Nov 2021, 18:16:30 UTC
Previous filing
17 Sep 2021
Next filing
20 Dec 2021
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYMC Class A Common Stock Options Exercise $0 +10,095 +0.04% $0.000000 24,416,878 15 Nov 2021 See Notes F1, F2
transaction HYMC Class A Common Stock Options Exercise $0 +2,243 +0.01% $0.000000 24,419,121 15 Nov 2021 See Notes F1, F3
transaction HYMC Class A Common Stock Options Exercise $0 +10,135 +0.04% $0.000000 24,429,256 15 Nov 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 -10,135 -100% $0.000000* 0 15 Nov 2021 Class A Common Stock 10,135 See Notes F1, F4, F6, F7
transaction HYMC Restricted Stock Units Options Exercise $0 -2,243 -100% $0.000000* 0 15 Nov 2021 Class A Common Stock 2,243 See notes F1, F3, F6, F7
transaction HYMC Restricted Stock Units Options Exercise $0 -10,095 -100% $0.000000* 0 15 Nov 2021 Class A Common Stock 10,095 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.