{"url_path":"/sec/srgz/10-k/2026/item-12","section_key":"item-12","section_title":"Item 12 **","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-22","source_url":"https://www.sec.gov/Archives/edgar/data/1401835/0001437749-26-024054-index.html","accession_number":"0001437749-26-024054","cik":"0001401835","ticker":"SRGZ","issuer_name":"Star Gold Corp.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1401835/0001437749-26-024054-index.html","primary_entity_key":"0001401835","primary_entity_name":"Star Gold Corp."},"word_count":588,"has_tables":true,"body_markdown":"**ITEM 12.**\n\n**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS.**\n\n \n\n**EQUITY COMPENSATION PLANS**\n\n \n\nThe Company has adopted its 2011 Stock Option/Restricted Stock Plan. See Note 10 to the Financial Statements in Item 8 for a discussion on the 2011 Plan and issuances of options pursuant to the 2011 Plan.\n\n \n\n**SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT**\n\n \n\nThe following table sets forth certain information concerning the number of shares of the Company’s common stock owned beneficially as of April 30, 2026 by: (i) each person (including any group) known to it to own more than five percent (5%) of any class of its voting securities, (ii) each of the Company’s directors, (iii) each of the Company’s named executive officers; and (iv) officers and directors as a group. Unless otherwise indicated, the stockholder listed possesses sole voting and investment power with respect to the shares shown.\n\n \n\n \n \n \n\n**Amount and**\n\n \n \n** **\n** **\n** **\n \n\n \n\n**Name and Address of**\n\n \n\n**Nature of**\n\n**Beneficial**\n\n \n \n\n**Percentage of**\n\n \n \n\n**Title of Class**\n\n**Beneficial Owner**\n\n \n\n**Ownership**\n\n \n \n\n**Common Stock**\n\n \n \n\n**DIRECTORS AND EXECUTIVE OFFICERS**\n\n \n \n** **\n** **\n** **\n \n** **\n** **\n** **\n \n\nCommon stock\n\nLindsay Gorrill\n\n \n \n31,356,913\n(1) (2) \n \n \n15.7\n%\n(2)\n\n \n\nCoeur d’Alene, ID (CEO and Director)\n\n \n \n \n \n \n \n \n \n \n\nCommon stock\n\nDavid Segelov\n\n \n \n3,757,091\n \n \n \n1.9\n%\n(3)\n\n \n\nBergenfield, NJ (President and Director)\n\n \n \n \n \n \n \n \n \n \n\nCommon stock\n\nThomas Power\n\n \n \n4,808,725\n \n \n \n2.5\n%\n(4)\n\n \n\nHenderson, NV (Director)\n\n \n \n \n \n \n \n \n \n \n\nCommon stock\n\nGerard Pascale\n\n \n \n250,000\n \n \n \n0.0\n%\n(5)\n\n \n\nBluffton, SC (CFO and Secretary)\n\n \n \n \n \n \n \n \n \n \n\nCommon stock\n\nAll Directors and Officers as a Group\n\n \n \n40,172,729\n \n \n \n20.0\n%\n(6)\n\n \n\n(1)\n\nIncludes 31,356,913 common shares held directly by Chief Executive Officer and Director (Direct ownership) of which 3,441,779 common shares are held by the spouse of the Chief Executive Officer;\n\n \n\n(2)\n\nGorrill: Shares Beneficially owned divided by (Current common shares outstanding + Options owned + Warrants owned) = 31,356,913/(193,927,180+0+5,676,375) = 15.7%\n\n \n\n(3)\n\nSegelov: Shares Beneficially owned divided by (Current common shares outstanding + Options owned + Convertible notes owned) = 3,757,091/(193,927,180+0+1,234,638) = 1.9%\n\n \n\n(4)\n\nPower: Shares Beneficially owned divided by (Current common shares outstanding + Options owned + Convertible notes owned) = 4,808,725/(193,927,180+0+193,863) = 2.5%\n\n \n\n(5)\n\nPascale: Shares Beneficially owned divided by (Current common shares outstanding + Options owned + Convertible notes owned) = 250,000/(193,927,180+0+125,000) = 0.0%\n\n \n\n(6)\n\nAll officers and directors: Shares Beneficially owned divided by (Current common shares outstanding + Options owned + Convertible notes owned) = 40,172,729/(193,927,180+0+7,229,876) = 20.0%\n\n \n\nPage 52\n\n[Table of Contents](#toc)\n\n \n\n \n \n \n \n\nAmount and\n\nNature of\n\n \n \n\nPercentage of\n\n \n\n**5% STOCKHOLDERS**\n\n \n \n \n\nBeneficial\n\nOwnership\n\n \n \n\nCommon Stock\n\n \n\nCommon stock\n\n \n\nLindsay Gorrill, Coeur d’Alene, ID\n\n \n \n31,356,913\n \n \n \n15.7\n%\n\nCommon stock\n\n \n\nMyrmikan Gold Fund, LLC\n\n \n \n26,976,707\n \n \n \n13.2\n%\n\n \n\n**Notes:**Based on 193,927,180 shares of the Company’s common stock issued and outstanding as of July 14, 2026, Under Rule 13d-3, certain shares may be deemed to be beneficially owned by more than one person (if, for example, persons share the power to vote or the power to dispose of the shares). In addition, shares are deemed to be beneficially owned by a person if the person has the right to acquire the shares (for example, upon exercise of an option) within 60 days of the date as of which the information is provided. In computing the percentage ownership of any person, the amount of shares outstanding is deemed to include the amount of shares beneficially owned by such person (and only such person) by reason of these acquisition rights. As a result, the percentage of outstanding shares of any person as shown in this table does not necessarily reflect the person’s actual ownership or voting power with respect to the number of shares of common stock actually outstanding on April 30, 2026."}