Form 4: Perpetua Resources Corp. Director Acquires Deferred Share Units

Director Jeffrey L. Malmen acquired 652 Deferred Share Units (DSUs) of Perpetua Resources Corp. on December 31, 2024, in lieu of a cash retainer.

Summary

• Jeffrey L. Malmen, a director of Perpetua Resources Corp., acquired 652 Deferred Share Units (DSUs) on December 31, 2024.
• The DSUs were received in lieu of a cash retainer for his service during the fourth quarter of 2024.
• Each DSU entitles the holder to one common share of Perpetua Resources Corp., or cash equal to the value thereof on the date of settlement, at the holder's election.
• The DSUs are fully vested as of the grant date and will be settled following the reporting person's separation from service.
• Following the transaction, Malmen directly owns 51,043 common shares.
• The price of the Deferred Share Units was $10.67.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's decision to take equity instead of cash is a positive sign, but the transaction itself is routine.

Positives

• The acquisition of DSUs by a director demonstrates confidence in the company's future.
• The director chose to receive equity instead of cash, aligning his interests with those of shareholders.

Future Outlook

The DSUs will be settled following the reporting person's separation from service.

Industry Context

Form 4 filings are standard practice and provide transparency into the transactions of company insiders, which can be a signal of management's confidence in the company's prospects.

Related Party Transactions

• The acquisition of DSUs in lieu of a cash retainer can be considered a related party transaction.

Stakeholder Impact

• The transaction provides transparency to shareholders regarding director compensation and ownership.

Key Dates