Mckinsey Lyon - Mar 28, 2025 Form 4 Insider Report for PERPETUA RESOURCES CORP. (PPTA)

Role
Officer
Signature
/s/ Tanya Nelson, as attorney-in-fact for Mckinsey Lyon
Stock symbol
PPTA
Transactions as of
Mar 28, 2025
Transactions value $
-$171,000
Form type
4
Date filed
4/1/2025, 08:57 PM
Previous filing
Mar 7, 2025
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PPTA Common Shares Exercise of in-the-money or at-the-money derivative security $49K +20K +22.43% $2.45 109K Mar 28, 2025 Direct F1
transaction PPTA Common Shares Sale -$220K -20K -18.32% $11.00 89.2K Mar 28, 2025 Direct F2

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 PPTA Director and Employee Stock Option (right to buy) Exercise of in-the-money or at-the-money derivative security $0 -20K -100% $0.00 0 Mar 28, 2025 Common Shares 20K $2.45 Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price of the stock option of CAD $3.50 is converted to USD based on the daily average exchange rate as reported by the H.10 statistical release of the Board of Governances of the Federal Reserve System on March 28, 2025, of C$1.4282 = US$1.00.
F2 The sale price of the stock option of CAD $15.71 is converted to USD based on the daily average exchange rate as reported by the H.10 statistical release of the Board of Governances of the Federal Reserve System on March 28, 2025, of C$1.4282 = US$1.00. The sale price of CAD $15.71 is a weighted average price. These shares were sold in multiple transactions at prices ranging from CAD $15.66 to CAD $15.82, inclusive. The reporting person undertakes to provide the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of Common Shares sold at each separate price within the range set forth in this footnote (2).
F3 The stock option, representing a right to purchase a total of 20,000 Common Shares, became exercisable as to 5,000 Common Shares on March 20, 2020, exercisable as to 5,000 Common Shares on March 20, 2021, exercisable as to 5,000 Common Shares on March 20, 2022, and exercisable as to the remaining 5,000 Common Shares on March 20, 2023.
F4 The expiration date was extended through termination of blackout period pursuant to terms of the Issuer's 2011 Evergreen Incentive Stock Option Plan.

Remarks:

(5) VP, External Affairs at Perpetua Resources Idaho, Inc., a wholly owned subsidiary of Perpetua Resources Corp.