GOLD RESOURCE CORP — Director's Dealing 2020

Jan 1, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GOLD RESOURCE CORP (GORO)
CIK: 0001160791
Period of Report: 2020-12-29

Reporting Person: Reid Jason D. (Director, CEO and President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-29	Common Stock	M	9525	—	Acquired	699917	Direct
2020-12-29	Common Stock	M	98029	—	Acquired	797946	Direct
2020-12-29	Common Stock	F	52368	$3.13	Disposed	745578	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-29	Restricted Stock Units	$	A	1905	Acquired		Common Stock (1905)	Direct
2020-12-29	Restricted Stock Units	$	M	9525	Disposed		Common Stock (9525)	Direct
2020-12-29	Restricted Stock Units	$	A	19606	Acquired		Common Stock (19606)	Direct
2020-12-29	Restricted Stock Units	$	M	98029	Disposed		Common Stock (98029)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	107575	Indirect
Common Stock	72088	Indirect
Common Stock	71450	Indirect
Common Stock	300000	Indirect

Footnotes

F1: The restricted stock units granted to the Reporting Person vested on December 29, 2020 and such restricted stock units settled for shares of the Company's common stock.

F2: The Reporting Person was granted additional RSUs pursuant to an anti-dilution provision contained in the Issuer's equity plan in connection with the spin-off of the Issuer's subsidiary. The terms of the new award mirror the original award.

F3: Each restricted stock unit represents the right to receive one share of common stock upon vesting of the unit.

F4: The award shall expire upon the earlier of settlement of the shares to the Reporting Person or ten years from the grant date.

F5: The vesting and settlement of the award was accelerated in connection with the Reporting Person's termination of employment in connection with the spin-off of the Issuer's subsidiary.

F6: The restricted stock units are scheduled to vest in two equal tranches on 12/9/2021 and 12/9/2022, unless such anniversary occurs during a trading "blackout period" for employees, then vesting shall occur on the first business day thereafter on which the employee trading window is open and available, assuming continued service through the applicable vesting date.