VORWERK JUSTIN J 4

4 · AMERICAN BATTERY MATERIALS, INC. · Filed May 12, 2026

AI-generated summary of this filing

Updated May 12, 2026

American Battery Materials (BLTH) Director Justin Vorwerk Acquires Shares

What Happened

Justin J. Vorwerk, a director of American Battery Materials, acquired 20,875 common shares on March 17, 2026 at $3.75 each (total $78,281). These shares were issued as consideration for extending the maturity of convertible notes (footnote F1).
The Form 4 also reports two earlier derivative-related acquisitions: one reported from 3/22/2024 with a notional value of $343,174 and one from 2/10/2025 with a notional value of $14,974 (each reported as “1” share in the filing). These reflect convertible-note related transactions, not routine open-market purchases.

Key Details

Transaction dates and amounts:
- 2026-03-17: 20,875 shares @ $3.75 each = $78,281 (code J — other acquisition for note-extension consideration; F1).
- 2024-03-22: reported as 1 derivative share @ $343,174 = $343,174 (convertible note originally issued 3/22/2024; see F2).
- 2025-02-10: reported as 1 derivative share @ $14,974 = $14,974 (convertible note originally issued 2/10/2025; see F3).
Footnotes of note:
- F1: Shares issued to extend maturity of convertible notes.
- F2: 3/22/2024 convertible note originally $138,084, now $343,174 after MFN adjustment and extensions; convertible at a 35% discount to a future uplist price (price expected $6.00/share).
- F3: 2/10/2025 convertible note originally $10,000, now $14,974 after extensions; also convertible at a 35% discount to a future uplist price (price expected $6.00/share).
Shares owned after the transactions: not specified in the provided filing excerpt.
Filing timeliness: The Form 4 was filed on May 12, 2026 for a March 17, 2026 transaction, which appears to be a late filing (Form 4s are typically due within two business days of the transaction).

Context

These transactions are primarily debt-related conversions/extensions rather than open-market purchases — the 20,875-share issuance compensated noteholders for extending maturities, and the other entries reflect convertible-note positions (derivative reporting). Such issuances are common when companies renegotiate note terms and do not necessarily reflect an insider's independent buy/sell decision.

Form 4

Period: 2026-03-17

Director

Transactions

Other
Common Stock
[F1]
2026-03-17$3.75/sh+20,875$78,281→ 56,270 total
Other
Convertible Note 1
[F2]
2024-03-22$343174.00/sh+1$343,174→ 2 total
Exercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (87,993 underlying)
Other
Convertible Note 2
[F3]
2025-02-10$14974.00/sh+1$14,974→ 3 total
Exercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (3,839 underlying)

Footnotes (3)

[F1]Represents shares of common stock issued in consideration for the extension of the maturity date of convertible notes, pursuant to the terms of the note extension agreement.
[F2]Convertible note issued on 3/22/2024 in the amount of $138,084, with current principal of $343,174 after MFN adjustment on 10/23/2024 and subsequent maturity extensions on 4/1/2025, 7/31/2025, 10/31/2025 and 1/31/2026 Pari-Passu with other noteholders. Convertible at a 35% discount to the uplist price if the company uplists to a senior exchange. Price expected to be $6.00 per share.
[F3]Convertible note originally issued on 2/10/2025 in the amount of $10,000, with current principal of $14,974 after subsequent maturity extensions on 4/1/2025, 7/31/2025, 10/31/2025 and 1/31/2026 Pari-Passu with other noteholders and convertible at a 35% discount to the uplist price if the company uplists to a senior exchange. Price expected to be $6.00 per share.

Signature

/s/ Justin Vorwerk|2026-05-12

1 file