Finlayson Eric John - Jun 30, 2022 Form 4 Insider Report for Ivanhoe Electric Inc. (IE)

Role
President
Signature
/s/ Eric J. Finlayson
Stock symbol
IE
Transactions as of
Jun 30, 2022
Transactions value $
-$126,756
Form type
4
Date filed
7/1/2022, 04:15 PM
Previous filing
Jun 27, 2022
Next filing
Nov 23, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IE Common Stock Conversion of derivative security +13.5K +134.99% 23.5K Jun 30, 2022 Direct F1

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 IE Series 1 Convertible Notes Conversion of derivative security -$127K 0 Jun 30, 2022 Common Stock 13.5K $9.39 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Upon the consummation of an initial public offering that resulted in gross proceeds of at least $25 million (a "Qualifying IPO"), the Series 1 Convertible Notes, including any accrued but unpaid interest thereon, automatically converted into shares of common stock at a price per share equal to the lesser of (A) 80% of the gross price per share at which common stock is sold in the Qualifying IPO, and (B) $9.39 per share of common stock, subject in each case to adjustment for any stock split, stock dividend, reverse stock split, or similar transactions.