John Swallow - Jan 15, 2025 Form 4/A - Amendment Insider Report for Idaho Strategic Resources, Inc. (IDR)

Role
President & CEO, Director
Signature
/s/ John Swallow
Stock symbol
IDR
Transactions as of
Jan 15, 2025
Transactions value $
$0
Form type
4/A - Amendment
Date filed
1/22/2025, 07:00 PM
Date Of Original Report
Jan 16, 2025
Previous filing
Nov 8, 2024
SEC
View on sec.gov

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IDR Stock Option (Right to Buy) Award $0 +9.73K +324.23% $0.00 12.7K Jan 15, 2025 Common stock 9.73K $11.50 Direct F1, F2, F3
transaction IDR Stock option (Right to Buy) Award $0 +9.73K +76.43% $0.00 22.5K Jan 15, 2025 Common Stock 9.73K $11.50 Direct F1, F2, F3
transaction IDR Stock option (Right to Buy) Award $0 +3.55K +15.79% $0.00 26K Jan 15, 2025 Common Stock 3.55K $11.50 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On January 15, 2025, Mr. Swallow was granted 23,000 stock options.
F2 These options vest in equally amounts bi-annually on July 15, 2025 and January 15, 2026, respectively, up to a maximum fair market value a total of $100,000 per calendar year. The fair market value of the options was determined to be the closing price of the stock on January 14, 2025 of $10.28. Therefore, 9,727 options vest on July 15, 2025 and on January 15, 2026, and the remaining stock options on January 1, 2027.
F3 The original Form 4, filed on January 16, 2025, is being amended by this Form 4 amendment solely to correct a scrivener's error, which misreported the Exercise Prices of the Stock Options granted as $1,150 when in fact the Exercise Prices under Table II, Item 2 are $11.50.