GARCIA NORMA LINDA 4

What Happened

• Norma Linda Garcia, General Counsel of International Battery Metals Ltd. (IBATF), had 33,333 derivative units convert to 33,333 common shares on February 12, 2026. The Form 4 shows an acquisition of 33,333 shares via exercise/conversion (transaction code M) and a simultaneous disposition of 33,333 shares. Both transactions are reported with a $0 purchase/sale amount on the form.

Key Details

• Transaction date: February 12, 2026; Form filed February 13, 2026 (timely filing).
• Reported amounts: 33,333 shares acquired and 33,333 shares disposed; reported price value $0.00 on the Form 4.
• Relevant footnotes: F3 defines Restricted Share Units (RSUs) as contingent rights to receive one common share; F4 states RSUs were granted Feb 12, 2025 and vest in three equal tranches of 33,333 / 33,333 / 33,334, with the first tranche vesting Feb 12, 2026 — this matches the converted amount. (F1/F2 refer to separate option grants and an exercise price in CAD; they appear unrelated to the RSU conversion.)
• Shares owned after the transaction: not disclosed in the provided summary of the filing.

Context

• Transaction code M covers exercise or conversion of derivatives. Here the filing indicates RSUs vested and converted to shares on the vesting date (per F4). The simultaneous disposition could reflect an immediately followed transfer, sale, or withholding but the Form 4 shows $0 and does not specify the reason; the filing provides no further detail on whether shares were sold or withheld for taxes.
• This is a routine insider reporting of a scheduled equity award vesting rather than an open-market purchase or sale; such vesting events are common and do not, by themselves, represent a buy or sell opinion by the insider.