SUCKLING ANDREW P 4
4 · AMERICAN BATTERY MATERIALS, INC. · Filed May 12, 2026
Research Summary
AI-generated summary of this filing
American Battery Materials (BLTH) Director Andrew Suckling Acquires Shares
What Happened
Andrew P. Suckling, a Director of American Battery Materials, reported acquisitions of company stock and derivative-share issuances. On 2026-03-17 he acquired 7,868 common shares at $3.75 each for $29,505. The filing also shows two earlier “acquisitions” (reported as one share each) dated 2025-03-07 and 2025-04-07 recorded with dollar amounts of $74,869 and $68,063 respectively — these reflect issuance of shares in connection with convertible-note extensions (see footnotes).
Key Details
- Transaction dates/prices:
- 2026-03-17: 7,868 shares @ $3.75 = $29,505 (common stock issued for note-extension consideration per F1).
- 2025-03-07: 1 share reported @ $74,869 (derivative; related to convertible note described in F2).
- 2025-04-07: 1 share reported @ $68,063 (derivative; related to convertible note described in F3).
- Shares owned after transaction: Not disclosed in the provided filing.
- Notable footnotes:
- F1: Shares issued as consideration for extending maturity of convertible notes.
- F2/F3: Each relates to a convertible note originally $50k now showing higher principal ($74,869 and $68,063) after extensions; notes are pari-passu and convertible at a 35% discount to the company’s uplist price (company expects ~$ $6.00 per share uplist price).
- The large dollar amounts attached to the single-share entries reflect the outstanding note principal for reporting, not the per-share market trading price.
- Timeliness: The Form 4 was filed 2026-05-12 for a primary transaction dated 2026-03-17, indicating a late filing (reported as late).
Context
These transactions are conversions/issuances tied to convertible-note extensions rather than routine open-market purchases. For retail investors: note that derivative/reporting conventions can show very large dollar amounts for single-share entries — those are tied to note principal and conversion terms, not an actual per-share market sale or purchase price. The 7,868-share issuance on 3/17/2026 represents a straightforward issuance at $3.75/share in connection with a note-extension agreement.
Insider Transaction Report
- Other
Common Stock
[F1]2026-03-17$3.75/sh+7,868$29,505→ 23,330 total - Other
Convertible Note 1
[F2]2025-03-07$74869.00/sh+1$74,869→ 2 totalExercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (19,197 underlying) - Other
Convertible Note 2
[F3]2025-04-07$68063.00/sh+1$68,063→ 3 totalExercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (17,462 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 originally issued on 3/7/2025 in the amount of $50,000, with current principal $74,869 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.
- [F3]Convertible note originally issued on 4/7/2025 in the amount of $50,000, with current principal $68,063 after subsequent maturity extensions on 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.