Alberto Reyes - 14 Mar 2024 Form 4 Insider Report for GOLD RESOURCE CORP (GORO)

Role
Chief Operating Officer
Signature
/s/ Chet Holyoak as attorney-in-fact for Alberto Reyes
Issuer symbol
GORO
Transactions as of
14 Mar 2024
Net transactions value
-$33,313
Form type
4
Filing time
10 Apr 2024, 14:57:22 UTC
Previous filing
17 Mar 2023
Next filing
06 May 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GORO Common Stock Options Exercise +63,116 +32% 258,646 14 Mar 2024 Direct F1
transaction GORO Common Stock Disposed to Issuer $20,885 -63,116 -24% $0.3309 195,530 14 Mar 2024 Direct
transaction GORO Common Stock Tax liability $5,563 -14,639 -7.5% $0.3800 180,891 17 Mar 2024 Direct F2
transaction GORO Common Stock Tax liability $6,865 -17,379 -9.6% $0.3950 163,512 21 Mar 2024 Direct F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction GORO PSU Options Exercise $0 -63,116 -100% $0.000000* 0 14 Mar 2024 Common Stock 63,116 Direct F1, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents Performance Share Units ("PSUs") granted on 03/31/2022 under Gold Resource Corporation's 2016 Equity Incentive Plan, which vested on December 31, 2023. Each PSU vested for one share of the Company's common stock. On 03/14/2024, the PSUs were paid out in cash.
F2 Represents restricted stock units issued under Gold Resource Corporation's 2016 Equity Incentive Plan and forfeited to cover the tax liability through net-settlement for the RSUs vested and redeemed on 03/17/2024.
F3 Represents restricted stock units issued under Gold Resource Corporation's 2016 Equity Incentive Plan and forfeited to cover the tax liability through net-settlement for the RSUs vested and redeemed on 03/21/2024.
F4 Each performance share unit represents the right to receive up to 1.5 shares of the Company's common shares on the vesting date, depending on the Company's performance compared to a group of peer companies. The conversion of the performance share unit was incorrectly stated in the reporting person's prior Form 4 filed on 03/17/2023.

Remarks:

Exhibit 24 - Power of Attorney