Thomas S. Weng - May 24, 2021 Form 4 Insider Report for HYCROFT MINING HOLDING CORP (HYMC)

Role
Director
Signature
/s/ Thomas S. Weng
Stock symbol
HYMC
Transactions as of
May 24, 2021
Transactions value $
$0
Form type
4
Date filed
5/26/2021, 07:11 PM
Next filing
May 27, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HYMC Class A Common Stock Options Exercise $0 +5.05K +100.02% $0.00 10.1K May 24, 2021 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 HYMC Restricted Stock Units Award $0 +20.3K +401.55% $0.00 25.3K May 24, 2021 Class A Common Stock 20.3K Direct F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the remaining 50% of the 10,095 restricted stock units ("RSU") granted on December 4, 2020 as the Reporting Person's 2020 annual equity grant ("Annual Grant") for service as a nonemployee member of the Issuer's Board of Directors, 50% of which vested immediately upon grant and converted into shares of the Issuer's Class A Common Stock ("Common Stock") and 50% of which vested and converted into Common Stock on May 24, 2021.
F2 Each RSU represents a contingent right to receive one share of Common Stock.
F3 The reported transaction involved the Reporting Person's receipt of 20,270 RSUs as the Reporting Person's 2021 annual equity award grant for service as a non-employee member of the Issuer's Board of Directors, of which 10,135 vested on the date of issuance and 10,135 will vest on May 24, 2022, subject to Reporting Person's continued service on Issuer's Board of Directors. Vested RSUs will convert into shares of Common Stock upon the Reporting Person's separation of service from the Issuer's Board of Directors; provided, however, that if, on that conversion date, the Reporting Person is prohibited from trading in the Issuer's securities pursuant to applicable securities laws or the Issuer's policies, the conversion date shall be, in the determination of the Board's Compensation Committee, the 2nd trading day after the date the Reporting Person is no longer prohibited from such trading.