Form 4: CFO Buffone Converts RSUs to Shares

Paramount Gold Nevada Corp.'s CFO, Carlo Buffone, converted 111,250 restricted stock units into common stock following the vesting of awards tied to the Grassy Mountain Gold Project permits.

Summary

• Carlo Buffone, Chief Financial Officer of Paramount Gold Nevada Corp. (PZG), acquired 111,250 shares of common stock on December 11, 2025.
• This acquisition resulted from the settlement of two restricted stock unit (RSU) awards.
• The first award, granted on February 15, 2022, for 50,000 RSUs, vested and settled into 50,000 shares of common stock.
• The second award, granted on January 26, 2024, for 61,250 RSUs, also vested and settled into 61,250 shares of common stock.
• Both RSU awards vested upon the State of Oregon issuing draft consolidated permits for the Grassy Mountain Gold Project.
• Following these transactions, Mr. Buffone directly beneficially owns 634,500 shares of common stock and retains 356,250 unvested RSUs (208,750 and 147,500 respectively).

Sentiment

Score: 7

Explanation: The sentiment is moderately positive. The vesting of executive RSUs tied to a project milestone (permits issued) indicates progress on a key company asset and aligns management's interests with shareholders. While not a direct operational or financial announcement, it reflects positive internal development.

Positives

• CFO Carlo Buffone's RSU awards vested, indicating the achievement of a key project milestone: the State of Oregon issuing draft consolidated permits for the Grassy Mountain Gold Project.
• The conversion of RSUs into common stock increases the CFO's direct ownership in the company, aligning his interests with shareholders.

Future Outlook

The vesting of RSUs tied to the issuance of draft consolidated permits for the Grassy Mountain Gold Project suggests progress on this key development, which could be a positive indicator for future project advancement.

Industry Context

This insider transaction reflects a standard compensation event for a mining company executive, tied to specific project development milestones. The vesting condition related to regulatory permits for the Grassy Mountain Gold Project highlights the importance of permitting in the mining industry for advancing projects from exploration to development.

Related Party Transactions

• The transaction involves the settlement of restricted stock units for Carlo Buffone, the Chief Financial Officer, which is a standard compensation-related related party transaction.

Stakeholder Impact

• Shareholders: Increased alignment of CFO's interests with shareholders due to increased direct stock ownership. The vesting condition being met (permits issued) could be seen as positive progress for the Grassy Mountain Gold Project, potentially benefiting long-term shareholder value.

Next Steps

• Continue with the development and permitting process for the Grassy Mountain Gold Project, following the issuance of draft consolidated permits by the State of Oregon.

Key Dates

Recommendation

This Form 4 filing reports a routine insider transaction where the CFO's restricted stock units vested due to a specific project milestone (draft permits for Grassy Mountain Gold Project). While the milestone itself is a positive development for the company's asset progression, the transaction itself is a pre-scheduled compensation event rather than a discretionary open-market purchase or sale. It signals continued management alignment and project progress but does not fundamentally alter the company's financial outlook or operational strategy to warrant a 'buy' or 'sell' recommendation based solely on this filing. Investors should 'hold' and monitor further developments on the Grassy Mountain Gold Project and broader company performance.

Keywords

Paramount Gold Nevada Corp., PZG, Carlo Buffone, Chief Financial Officer, CFO, Restricted Stock Units, RSU, Insider Transaction, Form 4, Grassy Mountain Gold Project, Oregon Permits, Stock Ownership