Form 4: Perpetua Resources Director Acquires Deferred Share Units

Director Andrew Phillip Cole acquires 744 Deferred Share Units (DSUs) in Perpetua Resources Corp. in lieu of a cash retainer.

Summary

• On September 30, 2024, Andrew Phillip Cole, a director of Perpetua Resources Corp., acquired 744 Deferred Share Units (DSUs).
• The DSUs were granted in lieu of a cash retainer for his service during the third quarter of 2024.
• Each DSU entitles the holder to receive one common share of Perpetua Resources Corp., or cash equal to the value thereof on the date of settlement.
• The DSUs are fully vested as of the date of grant and will be settled following the reporting person's separation from service.
• Following the transaction, Cole directly owns 17,624 DSUs.
• The price of the Deferred Share Units was $9.35.

Sentiment

Score: 7

Explanation: The sentiment is neutral to slightly positive. The director's decision to take DSUs instead of cash suggests confidence in the company's stock.

Positives

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

Related Party Transactions

• The grant of DSUs to Andrew Phillip Cole, a director, in lieu of a cash retainer is a related party transaction.

Stakeholder Impact

• The acquisition of DSUs by a director can positively influence shareholder sentiment.

Key Dates