International Tower Hill (THM) CFO David Cross Exercises Options

What Happened
David Allen Cross, CFO of International Tower Hill Mines Ltd. (THM), exercised options on August 20, 2026. The filing shows 60,000 option-related transactions: 30,000 shares were acquired at an exercise price of $0.67 each (total cost $20,100), and 30,000 shares were recorded as disposed at $0.00 (derivative disposition).

Key Details

• Transaction date: 2026-08-20 (reported on Form 4 filed 2026-08-25).
• Prices and totals: 30,000 shares acquired @ $0.67 = $20,100; 30,000 shares disposed @ $0.00 (derivative). Transaction code: M (exercise/conversion of derivative).
• Shares owned after transaction: Not disclosed in the provided excerpt.
• Footnotes of note:
  • F1: Exercise price converted from CAD 0.92 to USD 0.67 using Bank of Canada rate (actual exercise price is CAD 0.92).
  • F2: Options were granted Mar 27, 2020 and fully vested by Mar 27, 2022.
  • F3: Option expiry was extended to Aug 28, 2026 because the expiry would have fallen during a company trading blackout (blackout ran Feb 26–Aug 14, 2026).
• Timeliness: The Form 4 was filed five days after the transaction date (appears late; filing timeliness flagged).

Context
This was an exercise of stock options, not an open-market purchase or sale. The simultaneous recorded disposition of 30,000 shares at $0.00 is reflected in the filing as a derivative disposition (often seen when shares are withheld or surrendered in connection with an option exercise), but the filing does not specify the exact mechanism. No market sale for cash proceeds is shown in the provided excerpt.