Pamela A. Solly - 02 Mar 2022 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Role: VP, Investor Relations
Signature: /s/ Paula J. Shade as attorney-in-fact for Pamela A. Solly
Issuer symbol: VGZ
Transactions as of: 02 Mar 2022
Net transactions value: -$24,725
Form type: 4
Filing time: 04 Mar 2022, 16:33:32 UTC
Previous filing: 03 Nov 2021
Next filing: 03 May 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	VGZ	Common Shares	Options Exercise		+15,888	+16%		116,372	02 Mar 2022	Direct	F1
transaction	VGZ	Common Shares	Options Exercise		+63,666	+55%		180,038	02 Mar 2022	Direct	F1
transaction	VGZ	Common Shares	Tax liability	$24,725	-29,434	-16%	$0.8400	150,604	02 Mar 2022	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	VGZ	Restricted Stock Units	Options Exercise	$0	-15,888	-27%	$0.000000	42,612	02 Mar 2022	Common Shares	15,888		Direct	F1, F3
transaction	VGZ	Restricted Stock Units	Disposed to Issuer	$0	-945	-2.2%	$0.000000	41,667	02 Mar 2022	Common Shares	945		Direct	F1, F3
transaction	VGZ	Restricted Stock Units	Options Exercise	$0	-63,666	-85%	$0.000000	11,668	02 Mar 2022	Common Shares	63,666		Direct	F1, F4
transaction	VGZ	Restricted Stock Units	Award	$0	+60,000		$0.000000	60,000	02 Mar 2022	Common Shares	60,000		Direct	F1, F5

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock.
F2	Represents shares withheld by the Issuer to satisfy tax withholding obligations in connection with the vesting of 79,554 restricted stock units granted to the reporting person on March 1, 2020, and February 23, 2021.
F3	58,500 RSUs were granted on February 23, 2021, and vest as follows: 19,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 29,000 on February 23, 2023, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 10,500 RSUs are subject to performance criteria, vesting on February 23, 2022. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F4	124,000 RSUs were granted on March 1, 2020, and vest as follows: 35,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 52,000 on March 1, 2022, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 37,000 RSUs were subject to performance criteria, and vested on March 1, 2021. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.
F5	The RSUs granted March 2, 2022, vest as follows: 24,000 over a 36-month period (1/3 at 12 months, 1/3 at 24 months, and 1/3 at 36 months), subject to the reporting person's continuing service as an officer of the Issuer; and 36,000 on March 2, 2024, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. Settlement of vested RSUs will occur as soon as administratively feasible following the vesting date.