MICHAEL McCLELLAND - 29 Sep 2022 Form 4 Insider Report for AUGUSTA GOLD CORP. (AUGG)

Role
Chief Financial Officer
Signature
/s/ Purni Parikh as attorney-in-fact for Michael McClelland
Issuer symbol
AUGG
Transactions as of
29 Sep 2022
Net transactions value
$0
Form type
4
Filing time
03 Oct 2022, 19:47:22 UTC
SEC
View on sec.gov

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 AUGG Employee Stock Option (Right to Buy) Disposed to Issuer -400,000 -100% 0 29 Sep 2022 Common Shares 400,000 $2.38 Direct F1, F2
transaction AUGG Employee Stock Option (Right to Buy) Award +400,000 400,000 29 Sep 2022 Common Shares 400,000 $1.55 Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Converted from the Canadian exercise price of C$3.00 using an exchange rate of C$1.2613 = US$1.00.
F2 The reported transactions involved an amendment of an outstanding option, resulting in the cancellation of the "old" option and the grant of a replacement option. The option was originally granted on February 22, 2021 and vested in three equal annual installments commencing on February 22, 2022.
F3 Converted from Canadian exercise price of C$2.00 using an exchange rate of C$1.2934 = US$1.00.