Robert M. Friedland - Sep 27, 2023 Form 4 Insider Report for Ivanhoe Electric Inc. (IE)

Role
Executive Chairman, Director
Signature
/s/ Robert M. Friedland
Stock symbol
IE
Transactions as of
Sep 27, 2023
Transactions value $
$2,599,679
Form type
4
Date filed
9/28/2023, 08:12 PM
Previous filing
Dec 1, 2022
Next filing
Feb 7, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IE Common Stock Conversion of derivative security $2.6M +554K +5.9% $4.69 9.94M Sep 27, 2023 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 I-Pulse Convertible Notes Conversion of derivative security $0 -2.5M -100% $0.00* 0 Sep 27, 2023 Common Stock 554K $4.69 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The Reporting Person converted a promissory note issued by I-Pulse Inc. that became exchangeable upon the Issuer's IPO into shares of the Issuer's common stock held by I-Pulse at a price per share $4.6929.
F2 The reporting person delayed his election to convert the I-Pulse Convertible Note into common shares of the Issuer until the Issuer exited a trading blackout of its securities that had been in place since prior to maturity of the I-Pulse Convertible Note.