Luke Norman - Dec 27, 2024 Form 4 Insider Report for U.S. GOLD CORP. (USAU)

Role: Director
Signature: /s/ Eric Alexander as attorney-in-fact for Luke Norman
Stock symbol: USAU
Transactions as of: Dec 27, 2024
Transactions value $: $0
Form type: 4
Date filed: 12/31/2024, 07:28 PM
Previous filing: Nov 27, 2024

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	USAU	Common Stock	Award	$0	+12.9K	+3.5%	$0.00	382K	Dec 27, 2024	Direct	F1, F2
transaction	USAU	Common Stock	Award	$0	+8.07K	+2.11%	$0.00	390K	Dec 27, 2024	Direct	F1, 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	USAU	Stock Options	Award	$0	-13.3K	-50%	$0.00	13.3K	Dec 27, 2024	Common Stock	13.3K	$7.65	Direct	F1, F4
transaction	USAU	Stock Options	Award	$0	-12.4K	-50%	$0.00	12.4K	Dec 27, 2024	Common Stock	12.4K	$7.65	Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	The securities reported in this Form 4 were approved by the Board of Directors (the "Board") of U.S. Gold Corp. (the "Company") on November 25, 2024. However, the Company did not issue the securities until the respective award agreements were executed on December 27, 2024.
F2	Represents deferred stock units granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The deferred stock units fully vest upon the reporting person ceasing to be a member of the Board.
F3	Represents deferred stock units granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. 25% of the deferred stock units became service satisfied on the date of grant and 25% shall become service satisfied every six months thereafter. The portion of the deferred stock units that have become service-satisfied will vest upon the reporting person's cessation of service as a member of the Board.
F4	Represents options granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The options vested immediately on the date of grant.
F5	Represents options granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The options vested 25% upon the date of grant and shall vest 25% every six months thereafter until fully vested.