Lyon Mckinsey Margaret, who serves as Senior Vice President, External Affairs at Perpetua Resources Idaho, Inc., executed sales of Perpetua Resources Corp. common stock (NASDAQ: PPTA) on April 2, 2026, according to a Form 4 filed with the Securities and Exchange Commission.
The sales occurred in two separate transactions. In the first, 6,123 shares were sold at a price of $29.62 per share, producing proceeds of $181,363. The price range for that tranche was reported as $29.58 to $29.76. The second transaction comprised 2,576 shares sold at $29.31 per share, totaling $75,502, with a reported price range of $29.28 to $29.44. Combined, the two transactions account for 8,699 shares and aggregate gross proceeds of $256,865.
The filing indicates these sales were made to satisfy tax withholding obligations related to Restricted Share Units that vested on February 16, 2026, and February 21, 2026. The RSUs were settled in common shares of the issuer following the end of the company blackout period on April 1, 2026.
After completing the reported sales, Lyon Mckinsey Margaret directly holds 142,329 shares of Perpetua Resources Corp.
Market context and valuation notes
The insider sale occurred while the stock has shown notable appreciation. Perpetua Resources shares have risen 163% over the past 12 months and gained more than 11% in the most recent week, according to the data cited in the filing's context. The InvestingPro analysis referenced in the filing indicates that PPTA is currently trading above its Fair Value and appears on InvestingPro's Most Overvalued list. That analysis also notes availability of 12 additional InvestingPro Tips and further financial metrics for the company for users seeking deeper data.
Project and contract developments
The company has advanced work on its Stibnite Gold Project. The Export-Import Bank of the United States board moved forward with a proposed $2.7 billion senior secured loan for the project, with $2.2 billion of that figure identified as a direct loan. That action initiates a 25-day Congressional notice period prior to a final approval vote by the U.S. EXIM board.
Separately, Perpetua Resources amended its contract with Hatch Ltd. to add the design and installation of a pressure-oxidation and oxygen system for the project. The amended contract establishes a new control budget of $204.3 million, of which $42 million is specifically allocated for the new system.
What the filing shows
The SEC Form 4 documents the mechanics of the insider transactions and the purpose behind them: tax-withholding related to settled RSUs. The filing also provides the exact share counts, per-share prices, dollar amounts and the post-transaction shareholdings of the insider.
Investors and observers can view the transaction as a routine tax-related disposition as described in the filing. The company-level items disclosed in the filing highlight ongoing financing and procurement activity tied to the Stibnite Gold Project, including a significant potential EXIM loan and a sizeable contract amendment for project equipment and installation.
Data and reporting
All transaction figures, dates, share counts and contract amounts cited above are taken directly from the Form 4 and related company disclosures as reported in the filing record.