Form 4: Perpetua Resources Director Acquires Deferred Share Units

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

Summary

• On December 31, 2024, Andrew Phillip Cole, a director of Perpetua Resources Corp., acquired 652 Deferred Share Units (DSUs).
• These 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 and subject to plan administrator approval.
• The DSUs are fully vested as of the grant date and will be settled following Cole's separation from service.
• Following the transaction, Cole directly owns 18,276 common shares.
• The price of the Deferred Share Units was $10.67.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. A director accepting stock in lieu of cash suggests confidence in the company's future performance.

Positives

• The acquisition of DSUs by a director demonstrates their continued investment in the company's future.
• The director chose to receive DSUs instead of cash, which shows confidence in the company's stock.

Future Outlook

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

Industry Context

Form 4 filings are standard practice for reporting changes in beneficial ownership by company insiders, providing transparency to investors.

Stakeholder Impact

• The acquisition of DSUs by a director can be viewed positively by shareholders as it aligns management's interests with theirs.

Key Dates