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

Role
President & CEO, Director
Signature
/s/ John Swallow
Issuer symbol
IDR
Transactions as of
15 Jan 2025
Net transactions value
$0
Form type
4/A - Amendment
Filing time
22 Jan 2025, 19:00:26 UTC
Date Of Original Report
16 Jan 2025
Previous filing
08 Nov 2024
Next filing
11 Jul 2025
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 +9,727 +324% $0.000000 12,727 15 Jan 2025 Common stock 9,727 $11.50 Direct F1, F2, F3
transaction IDR Stock option (Right to Buy) Award $0 +9,727 +76% $0.000000 22,454 15 Jan 2025 Common Stock 9,727 $11.50 Direct F1, F2, F3
transaction IDR Stock option (Right to Buy) Award $0 +3,546 +16% $0.000000 26,000 15 Jan 2025 Common Stock 3,546 $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.