Ryan K. Zinke - Dec 29, 2022 Form 4 Insider Report for U.S. GOLD CORP. (USAU)

Role
Director
Signature
/s/ Eric Alexander as attorney-in-fact for Ryan K. Zinke
Stock symbol
USAU
Transactions as of
Dec 29, 2022
Transactions value $
$0
Form type
4
Date filed
12/30/2022, 01:47 PM
Previous filing
Feb 18, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction USAU Common Stock Sale -30.6K -100% 0 Dec 29, 2022 Direct F1, 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 USAU Warrant Sale -770 -100% 0 Dec 29, 2022 Common Stock 770 $8.00 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Of this amount, 7,927 consisted of common shares issued upon the conversion of restricted stock units granted to the reporting person pursuant to the U.S. Gold Corp. (the "Issuer") 2020 Stock Incentive Plan. The restricted stock units vested immediately on the date of grant. For each restricted stock unit, the reporting person was entitled to receive one share of common stock upon termination of service on the Issuer's Board of Directors or in connection with a change of control, as set forth in the reporting person's restricted stock unit award agreement. On December 20, 2022, the Compensation Committee of the Issuer's Board of Directors approved that the conversion of the restricted stock units be accelerated, effective immediately.
F2 The 30,595 common shares and 770 warrants held by the reporting person were sold in a private sale for an aggregate purchase price of $93,315.