Form 4: Gold Flora Corp. Director Albert John Foreman Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Director Albert John Foreman reports changes in beneficial ownership of Gold Flora Corp. shares, including the vesting of restricted stock units.
Summary
- On March 1, 2024, Albert John Foreman, a director of Gold Flora Corp., reported changes in his beneficial ownership of the company's securities.
- The transactions involved the vesting of 506 restricted stock units (RSUs), which converted into 506 common shares.
- Following the reported transactions, Foreman directly owns 54,806 common shares and indirectly owns 4,086,974 common shares through affiliates of Tuatara Capital.
- Foreman disclaims beneficial ownership over the indirectly held shares except to the extent of his pecuniary interest.
- He also directly owns 51,767 derivative securities in the form of Restricted Stock Units.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, and the transactions described are part of a pre-existing compensation plan. Therefore, the sentiment is neutral.
Industry Context
This filing is a routine disclosure related to changes in beneficial ownership by a company insider, which is a common occurrence in publicly traded companies. It provides transparency to investors regarding the holdings and transactions of company insiders.
Stakeholder Impact
- The filing provides transparency to shareholders regarding insider transactions.
- The vesting of RSUs may have a minor dilutive effect on existing shareholders.
Key Dates
| Date | Description |
|---|---|
| 2021-06-01 | Reporting person was granted 20,226 RSU's, 25% of which vested 180 days after the grant date (the 'Initial Vesting Period'). |
| 2024-03-01 | Date of transaction: vesting of 506 restricted stock units. |
| 2024-03-04 | Date of signature on the Form 4 filing. |
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