Form 4: i-80 Gold Director Arthur Einav Acquires 14,236 DSUs

i-80 Gold Corp. Director Arthur Einav acquired 14,236 Deferred Share Units, equivalent to common shares, vesting immediately.

Summary

• Arthur Einav, a Director of i-80 Gold Corp. (IAUX), acquired 14,236 Deferred Share Units (DSUs).
• The transaction date for this acquisition was September 29, 2025.
• Each DSU is the economic equivalent of one common share of i-80 Gold Corp.
• The conversion or exercise price of each DSU was $0.95, converted from C$1.33 at an exchange rate of C$1.3941 = US$1.00.
• The DSUs vested immediately upon issuance and do not have an expiration date.
• The underlying common shares will not be issued to Mr. Einav, and he will not have voting or dispositive rights, until his separation as a director of the Issuer.
• Following this transaction, Mr. Einav beneficially owns 14,236 derivative securities (DSUs).

Sentiment

Score: 6

Explanation: Slightly positive, as a director increasing their stake (even if deferred) generally signals confidence in the company, though the impact is minor given the routine nature of the transaction.

Positives

• The acquisition of Deferred Share Units by a director indicates continued alignment of management's interests with those of shareholders.
• The DSUs vested immediately upon issuance, providing immediate economic interest to the director.

Negatives

• The underlying common shares are not immediately issued, meaning the director does not have voting or dispositive rights until separation from the company.

Risks

• The value of the Deferred Share Units is tied to the future market price of i-80 Gold Corp.'s common shares, exposing the holder to market fluctuations.
• The actual issuance of common shares to the reporting person is contingent upon their separation as a director of the Issuer, introducing a condition for full ownership.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding the company's future performance or strategic direction.

Management Comments

• Arthur Einav signed the statement on September 29, 2025.

Industry Context

The use of Deferred Share Units (DSUs) as a form of equity compensation for directors is a common practice across various industries, including the mining sector, to align the interests of directors with long-term shareholder value. This transaction reflects a standard compensation mechanism rather than a unique strategic move.

Related Party Transactions

• The acquisition of Deferred Share Units by a director from the Issuer constitutes a related party transaction, as it involves compensation provided by the company to a member of its board of directors.

Stakeholder Impact

• Shareholders: The transaction aligns the director's long-term interests with shareholder value, as the value of DSUs is tied to the company's share price. However, the immediate impact on existing shareholders is minimal due to the routine nature and size of the transaction.

Next Steps

• Issuance of underlying common shares to Arthur Einav upon his separation as a director of i-80 Gold Corp.

Key Dates

Keywords

i-80 Gold Corp., IAUX, Arthur Einav, Deferred Share Units, DSU, Insider Transaction, Director Compensation, SEC Form 4, Equity Compensation, Gold Mining