David Allen Cross - May 24, 2022 Form 4 Insider Report for INTERNATIONAL TOWER HILL MINES LTD (THM)

Signature
/s/ Debbie Evans by Power of Attorney
Stock symbol
THM
Transactions as of
May 24, 2022
Transactions value $
$0
Form type
4
Date filed
5/25/2022, 06:58 PM
Next filing
May 25, 2023

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 THM Stock Option (right to buy) Award $0 +15K $0.00 15K May 24, 2022 Common Stock 15K $0.72 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The exercise price was converted from CAD 0.92 to USD 0.72 based on the May 24, 2022 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
F2 One-third of the options vested on the date of grant and the remaining options will vest in two equal annual installments beginning on the first anniversary of the date of grant.