Robert M. Friedland - Jun 30, 2022 Form 4 Insider Report for Ivanhoe Electric Inc. (IE)

Role: Chief Executive Officer, Director
Signature: /s/ FRIEDLAND ROBERT M
Stock symbol: IE
Transactions as of: Jun 30, 2022
Transactions value $: -$4,818,959
Form type: 4
Date filed: 7/5/2022, 06:05 AM
Previous filing: Jun 27, 2022
Next filing: Sep 19, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	IE	Common Stock	Conversion of derivative security		+678K	+8.81%		8.37M	Jun 30, 2022	Direct	F1
transaction	IE	Common Stock	Purchase	$1.54M	+180K	+2.15%	$8.60	8.55M	Jun 30, 2022	Direct	F2
holding	IE	Common Stock						13.5M	Jun 30, 2022	By I-Pulse Inc.	F3

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	-$6.36M				0	Jun 30, 2022	Common Stock	678K	$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.
F2	The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $8.35 to $8.80, inclusive. The reporting person undertakes to provide to Ivanhoe Electric Inc., any security holder of Ivanhoe Electric Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (2) to this Form 4.
F3	The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.