Alberto Reyes - Mar 14, 2024 Form 4 Insider Report for GOLD RESOURCE CORP (GORO)

Role
Chief Operating Officer
Signature
/s/ Chet Holyoak as attorney-in-fact for Alberto Reyes
Stock symbol
GORO
Transactions as of
Mar 14, 2024
Transactions value $
-$33,313
Form type
4
Date filed
4/10/2024, 02:57 PM
Previous filing
Mar 17, 2023
Next filing
May 6, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GORO Common Stock Options Exercise +63.1K +32.28% 259K Mar 14, 2024 Direct F1
transaction GORO Common Stock Disposed to Issuer -$20.9K -63.1K -24.4% $0.33 196K Mar 14, 2024 Direct
transaction GORO Common Stock Tax liability -$5.56K -14.6K -7.49% $0.38 181K Mar 17, 2024 Direct F2
transaction GORO Common Stock Tax liability -$6.86K -17.4K -9.61% $0.40 164K Mar 21, 2024 Direct F3

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 GORO PSU Options Exercise $0 -63.1K -100% $0.00* 0 Mar 14, 2024 Common Stock 63.1K Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Performance Share Units ("PSUs") granted on 03/31/2022 under Gold Resource Corporation's 2016 Equity Incentive Plan, which vested on December 31, 2023. Each PSU vested for one share of the Company's common stock. On 03/14/2024, the PSUs were paid out in cash.
F2 Represents restricted stock units issued under Gold Resource Corporation's 2016 Equity Incentive Plan and forfeited to cover the tax liability through net-settlement for the RSUs vested and redeemed on 03/17/2024.
F3 Represents restricted stock units issued under Gold Resource Corporation's 2016 Equity Incentive Plan and forfeited to cover the tax liability through net-settlement for the RSUs vested and redeemed on 03/21/2024.
F4 Each performance share unit represents the right to receive up to 1.5 shares of the Company's common shares on the vesting date, depending on the Company's performance compared to a group of peer companies. The conversion of the performance share unit was incorrectly stated in the reporting person's prior Form 4 filed on 03/17/2023.

Remarks:

Exhibit 24 - Power of Attorney