HYCROFT MINING HOLDING CORP — Director's Dealing 2020

Dec 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HYCROFT MINING HOLDING CORP (HYMC)
CIK: 0001718405
Period of Report: 2020-12-04

Reporting Person: Mudrick Capital Management, L.P. (N/A)
Reporting Person: Mudrick Jason (N/A)
Reporting Person: Mudrick Capital Management LLC (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-04	Restricted Stock Units	$	A	6730	Acquired		Class A Common Stock (6730)	Indirect
2020-12-04	Restricted Stock Units	$	A	10095	Acquired		Class A Common Stock (10095)	Indirect

Footnotes

F1: This statement is being filed by the following Reporting Persons: Mudrick Capital Management, L.P. ("Mudrick Capital"); Jason Mudrick; and Mudrick Capital Management, LLC ("Mudrick Capital GP").

F2: Each restricted stock unit ("RSU") represents a contingent right to receive one share of HYMC Class A Common Stock, par value $0.0001 per share.

F3: Represents an award of RSUs granted by the Issuer on December 4, 2020, in connection with David Kirsch's service on the Issuer's Board of Directors issued to Mudrick Capital. Subject to Mr. Kirsch's continued service on the Issuer's Board of Directors, the RSUs will vest in three equal annual installments beginning on May 29, 2021. Vested RSUs will convert into shares of the Issuer's Class A Common Stock upon Mr. Kirsch's separation of service from the Issuer's Board of Directors.

F4: Represents an award of RSUs granted by the Issuer on December 4, 2020, in connection with Mr. Kirsch's service on the Issuer's Board of Directors issued to Mudrick Capital. 50% of these RSUs vest immediately on the date of grant and, subject to the reporting person's continued service on the Issuer's Board of Directors, the remaining 50% will vest on the earlier of (a) the Issuer's first annual meeting of stockholders held after the grant date or (b) May 29, 2021. Vested RSUs will convert into shares of the Issuer's Class A Common Stock upon Mr. Kirsch's separation of service from the Issuer's Board of Directors.

F5: Mr. Kirsch is a Managing Director and Senior Analyst at Mudrick Capital and serves as a director on the Board of Directors of the Issuer. Each of the Reporting Persons is a "director by deputization" solely for purposes of Section 16 of the Securities Exchange Act of 1934, as amended.