MICHAEL McCLELLAND - Sep 29, 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
Stock symbol
AUGG
Transactions as of
Sep 29, 2022
Transactions value $
$0
Form type
4
Date filed
10/3/2022, 07:47 PM

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 -400K -100% 0 Sep 29, 2022 Common Shares 400K $2.38 Direct F1, F2
transaction AUGG Employee Stock Option (Right to Buy) Award +400K 400K Sep 29, 2022 Common Shares 400K $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.