ONZAY DAVID PAUL enters GOLD RESERVE LTD with 189.84K shares plus derivative instruments

Holding both equity and derivatives at entry signals strong long-term conviction in the company.

Direct Derivatives

ONZAY DAVID PAUL

Filed: 1/15/2025ACC: 0002052354-25-000001

InsiderONZAY DAVID PAULCIK 2052354

→

IssuerGOLD RESERVE LTDCIK 1072725

Officer· Chief Financial Officer

Since Jan 2025

189.84K

Baseline shares

100% direct

189.84K

Direct ownership

1 position

367.50K

Derivative underlying

5 instruments

Security positions

All direct

Non-Derivative Holdings1

Common Shares

Direct

Shares owned189.84K

Total

189.84K direct189.84K

Security Title	Shares Owned	Ownership Type
Common Shares	189.84K	Direct
Total	189.84K	189.84K direct

Derivative Holdings5

Stock Option (right to buy)

Direct

Underlying security

Common Shares

Underlying shares

80K

Shares owned

N/A

Exercise price

3.15

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Common Shares

Underlying shares

75K

Shares owned

N/A

Exercise price

1.7

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Common Shares

Underlying shares

12.50K

Shares owned

N/A

Exercise price

3.15

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Common Shares

Underlying shares

100K

Shares owned

N/A

Exercise price

0.99

Expiration

—

Exercise window

—

Stock Option (right to buy)

Direct

Underlying security

Common Shares

Underlying shares

100K

Shares owned

N/A

Exercise price

3.18

Expiration

—

Exercise window

—

Total

Underlying

367.50K

Owned

0.00

Security	Underlying	Exercise Price	Exercise Window	Expiration	Underlying Shares	Shares Owned
Stock Option (right to buy) Direct	Common Shares	3.15	—	—	80K	N/A
Stock Option (right to buy) Direct	Common Shares	1.7	—	—	75K	N/A
Stock Option (right to buy) Direct	Common Shares	3.15	—	—	12.50K	N/A
Stock Option (right to buy) Direct	Common Shares	0.99	—	—	100K	N/A
Stock Option (right to buy) Direct	Common Shares	3.18	—	—	100K	N/A
Total					367.50K	0.00