International Tower Hill Mines (THM) Director Karl Hanneman Exercises Options

What Happened
Karl L. Hanneman, a director of International Tower Hill Mines Ltd. (THM), exercised options on August 24, 2026. He acquired 150,000 common shares by exercising options at an effective exercise price of USD $0.67 per share (total cash paid $100,500). The filing also shows a simultaneous disposition/termination of 150,000 derivative instruments at $0.00 — reflecting the conversion/termination of the option rights rather than a market sale.

Key Details

• Transaction date: August 24, 2026; Form 4 filed August 26, 2026 (appears timely).
• Acquired: 150,000 shares at $0.67 per share (USD) — total $100,500.
• Disposed/terminated: 150,000 derivative instruments at $0.00 (no proceeds).
• Shares owned after the transaction: Not specified in the provided filing.
• Footnotes of note:
  • F1: Exercise price was CAD 0.92, converted to USD $0.67 for reporting (actual price set in CAD).
  • F2: Options were granted March 27, 2020 and vested in thirds (grant, Mar 27, 2021, Mar 27, 2022).
  • F3: Option expiry was extended to Aug 28, 2026 due to a company trading blackout that ended Aug 14, 2026.

Context
This filing describes an option exercise (derivative conversion) rather than an open-market purchase or sale. The $0.00 "disposition" line is common when an option/derivative instrument is converted into shares and does not indicate a sale of shares. There is no indication in this filing that shares were immediately sold (i.e., not a cashless exercise reported).