American Battery Materials (BLTH) CEO David Graber Acquires 98,101 Shares

What Happened
David Graber, CEO of American Battery Materials, reported an acquisition on 2026-03-17 of 98,101 shares at $3.75 per share for a total of $367,879. The Form 4 also reports two prior "other" derivative acquisitions that reflect convertible-note principals: one reported as $495,821 and another as $247,500 (each shown as 1 share in the filing but representing note principal/derivative amounts rather than a literal single-share purchase).

These are purchases/acquisitions (not sales). Purchases by insiders can be more informative to investors than routine sales, but filings only report the transactions and not the insider's motives.

Key Details

• Transactions reported:
  • 2026-03-17: 98,101 shares @ $3.75 = $367,879 (listed as "other acquisition or disposition (J)").
  • 2024-03-31: derivative entry showing 1 share @ $495,821 (acquired) — represents a convertible note principal (see F1).
  • 2025-10-23: derivative entry showing 1 share @ $247,500 (acquired) — represents a convertible note principal (see F2).
• Shares owned after the transaction: Not specified in the provided filing excerpt.
• Footnotes / important contract terms:
  • F1: Convertible note originally issued 3/21/2024 (original $254,713.44) now showing principal $495,821 after MFN adjustments and multiple maturity extensions; pari‑passu with other noteholders; convertible at a 35% discount to any uplist price (tentative uplist price cited as $6.00).
  • F2: Convertible note originally issued 10/23/2025 for $200,000 now showing principal $247,500 after MFN adjustment and extension; pari‑passu, convertible at 35% discount to uplist price (tentative $6.00).
  • F3: Indicates shares of common stock can be issued as consideration for extending maturity dates of convertible/promissory notes — the 98,101 shares appear to be issued in connection with note extension/settlement considerations.
• Filing timeliness: The Form 4 was filed on 2026-05-12 for transactions dated 2026-03-17 and earlier, so the filing appears late relative to the usual two-business-day Form 4 deadline.

Context / plain-English notes

• The large-dollar entries that show "1 share" at hundreds of thousands of dollars are not ordinary single-share purchases — they reflect the dollar principal of convertible notes or note-related derivative items, per the footnotes. They indicate debt balances and conversion/settlement arrangements rather than a market buy of one share.
• Conversion terms: notes are reported convertible at a 35% discount to any uplist price (the filing cites a tentative uplist price of $6.00), which affects potential future share issuance if/when conversion occurs.
• No 10b5-1, tax-withholding, or other sale mechanics were disclosed in the excerpt provided.

If you want, I can pull the exact post-transaction beneficial ownership from the full Form 4 or summarize how these note conversion terms could translate into shares at various uplist prices.