U.S. GOLD CORP. — Director's Dealing 2019

Dec 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U.S. GOLD CORP. (USAU)
CIK: 0000027093
Period of Report: 2019-11-27

Reporting Person: Sharp Ted Riley (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-27	Common Stock	A	22767	—	Acquired	22767	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-27	Option	$0.81	A	50000	Acquired	2029-11-27	Common Stock (50000)	Direct

Footnotes

F1: Represents restricted stock awarded to the reporting person on November 27, 2019 pursuant to the U.S. Gold Corp. 2020 Stock Incentive Plan (the "Plan"). Such shares vested immediately upon grant.

F2: Represents an option award under the Plan (the "Option Award"), of which 1/24th of the total (rounded down for any fractional shares) shall vest on each of the first 23 monthly anniversaries of the date of grant, provided the reporting person is providing services to the issuer or an affiliate of the issuer on the applicable vesting date, and the remaining portion of the unvested Option Award shall vest on the second anniversary of the date of grant, provided the reporting person is providing services to the issuer or an affiliate of the issuer on that date.

F3: The Option Award is compensation for the reporting person's service as an officer of the issuer.