Douglas L. Tobler - 05 Mar 2023 Form 4 Insider Report for VISTA GOLD CORP (VGZ)

Role
CFO
Signature
/s/ Paula J. Shade as attorney-in-fact for Douglas L. Tobler
Issuer symbol
VGZ
Transactions as of
05 Mar 2023
Net transactions value
-$26,729
Form type
4
Filing time
07 Mar 2023, 20:18:26 UTC
Previous filing
03 Jan 2023
Next filing
21 Mar 2023
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 +24,000 +11% 237,152 05 Mar 2023 Direct F1
transaction VGZ Common Shares Options Exercise +67,702 +29% 304,854 05 Mar 2023 Direct F1
transaction VGZ Common Shares Options Exercise +16,666 +5.5% 321,520 05 Mar 2023 Direct F1
transaction VGZ Common Shares Tax liability $26,729 -50,932 -16% $0.5248 270,588 05 Mar 2023 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 -24,000 -100% $0.000000* 0 05 Mar 2023 Common Shares 24,000 Direct F1, F3
transaction VGZ Restricted Stock Units Options Exercise $0 -67,702 -77% $0.000000 19,965 05 Mar 2023 Common Shares 67,702 Direct F1, F4
transaction VGZ Restricted Stock Units Disposed to Issuer $0 -6,631 -33% $0.000000 13,334 05 Mar 2023 Common Shares 6,631 Direct F1, F4
transaction VGZ Restricted Stock Units Options Exercise $0 -16,666 -13% $0.000000 108,334 05 Mar 2023 Common Shares 16,666 Direct F1, F5
transaction VGZ Restricted Stock Units Award $0 +200,000 $0.000000 200,000 05 Mar 2023 Common Shares 200,000 Direct F1, F6
* 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 RSUs reported in Table II.
F3 259,000 RSUs were granted on March 1, 2020, and vested as follows: 72,000 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 109,000 on March 1, 2022, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 78,000 RSUs were subject to performance criteria and vested on March 1, 2021. Settlement of vested RSUs to occur as soon as administratively feasible following the vesting date.
F4 144,000 RSUs were granted on February 23, 2021, and vested as follows: 40,000 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 61,000 on February 23, 2023, contingent on share price performance criteria for the Issuer's common shares during the 2-year vesting period. The remaining 43,000 RSUs were subject to performance criteria, and vested on February 23, 2022. Settlement of vested RSUs to occur as soon as administratively feasible following the vesting date.
F5 125,000 RSUs were granted on March 2, 2022, vesting as follows: 50,000 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 75,000 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 to occur as soon as administratively feasible following the vesting date.
F6 The RSUs granted March 5, 2023, vest as follows: 60,000 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 140,000 on March 5, 2025, 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.