U.S. GOLD CORP. — Director's Dealing 2025

Jan 1, 2025

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: U.S. GOLD CORP. (USAU)
CIK: 0000027093
Period of Report: 2024-12-27

Reporting Person: Francis Kevin A. (VP - Exploration)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2024-12-27	Common Stock	A	14194	—	Acquired	34296	Direct
2024-12-27	Common Stock	A	9409	—	Acquired	43705	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2024-12-27	Stock Options	$7.65	A	14586	Disposed	2029-11-25	Common Stock (14586)	Direct
2024-12-27	Stock Options	$7.65	A	14503	Disposed	2029-11-25	Common Stock (14503)	Direct

Footnotes

F1: The securities reported in this Form 4 were approved by the Board of Directors of U.S. Gold Corp. (the "Company") on November 25, 2024. However, the Company did not issue the securities until the respective award agreements were executed on December 27, 2024.

F2: Represents restricted stock units granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The restricted stock units vested immediately on the date of grant.

F3: Represents restricted stock units granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The restricted stock units vested 25% upon the date of grant and shall vest 25% every six months thereafter until fully vested.

F4: Represents options granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The options vested immediately on the date of grant.

F5: Represents options granted to the reporting person pursuant to the U.S. Gold Corp. Amended and Restated 2020 Stock Incentive Plan. The options vested 25% upon the date of grant and shall vest 25% every six months thereafter until fully vested.