Cross David Allen 4

What Happened David Cross, Chief Financial Officer of International Tower Hill Mines Ltd. (THM), was granted 15,000 derivative awards (stock options) on May 27, 2026. The Form 4 reports the acquisition as 15,000 shares @ $0.00 (derivative award), i.e., a grant rather than a cash purchase. The reported exercise price is CAD 3.33 per option (converted to USD 2.41 for reporting), and no immediate sale of shares was reported.

Key Details

• Transaction date: 2026-05-27; Form 4 filed 2026-05-29 (filed within the typical two-business-day window).
• Award: 15,000 derivative awards (options) reported as acquired at $0.00 on Form 4.
• Exercise price: CAD 3.33 per option (F1 notes conversion to USD 2.41 using Bank of Canada rate on 2026-05-27). The exercise price remains the CAD amount regardless of currency conversion.
• Vesting: One-third vested on grant date; remaining two-thirds vest in two equal annual installments beginning on the first anniversary (see F2).
• Shares owned after transaction: Not specified in this filing.
• Transaction code: A (award/grant); no tax withholding or 10b5-1 plan reported.

Context This is a grant of options (derivative awards). The filing reports a $0 acquisition value because it documents the grant, not a cash purchase. The vesting schedule means some options are immediately exercisable (one-third), while the remainder vest over the next two years. There is no indication of immediate exercise-and-sale (cashless exercise) or any sale of shares in this filing.