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AMERICAN BATTERY MATERIALS, INC.·4

May 12, 4:05 PM ET

Lipson Adam C 4

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

Research Summary

AI-generated summary of this filing

Updated

American Battery Materials (BLTH) Director Adam Lipson Acquires 13,890 Shares

What Happened Adam C. Lipson, a director of American Battery Materials, acquired 13,890 shares of common stock on March 17, 2026 at $3.75 per share for a total reported value of $52,088. The filing also lists four earlier derivative-related acquisitions (each reported as 1 share) tied to convertible notes issued in 2025 that were converted/settled as part of note extension or conversion arrangements.

Key Details

  • Primary transaction: 13,890 shares acquired on 2026-03-17 at $3.75/share (total $52,088). Reported as "other acquisition or disposition" (code J) and footnoted as shares issued for extension of note maturities (F1).
  • Derivative entries (each reported as 1 share acquired):
    • 2025-02-27: reported amount $14,974 (F2)
    • 2025-08-01: reported amount $21,400 (F3)
    • 2025-08-28: reported amount $61,875 (F4)
    • 2025-10-23: reported amount $42,323 (F5)
      These reflect convertible notes (original principals and current principals listed in footnotes) that are Pari‑Passu with other noteholders and convertible at a 35% discount to the company’s proposed uplist (price expected $6.00/share).
  • Shares owned after the transactions: not specified in the provided filing details.
  • Filing timeliness: Form 4 was filed on 2026-05-12 for a primary transaction dated 2026-03-17 — this appears to be a late filing (Form 4 is normally due within 2 business days).
  • Transaction code: J (other acquisition or disposition) — here used for issuance in consideration of note extensions/conversions.

Context

  • The 13,890-share issuance appears to be a direct acquisition of common stock as consideration for extending convertible-note maturities (per footnote F1), which is different from an open-market purchase.
  • The single‑share derivative lines represent conversions/settlements of convertible notes; the high per‑share dollar amounts reported for those lines reflect note principals/values, not an actual per‑share market price.
  • This filing documents a director-level acquisition (informative for investors), but does not by itself indicate the insider's motive.

Insider Transaction Report

Form 4
Period: 2026-03-17
AMERICAN BATTERY MATERIALS, INC.BLTH
Lipson Adam C
Director
Transactions
  • Other

    Common Stock

    [F1]
    2026-03-17$3.75/sh+13,890$52,088→ 357,479 total
  • Other

    Convertible Note

    [F2]
    2025-02-27$14974.00/sh+1$14,974→ 2 total
    Exercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (3,839 underlying)
  • Other

    Convertible Note

    [F3]
    2025-08-01$21400.00/sh+1$21,400→ 3 total
    Exercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (5,487 underlying)
  • Other

    Convertible Note

    [F4]
    2025-08-28$61875.00/sh+1$61,875→ 4 total
    Exercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (15,865 underlying)
  • Other

    Convertible Note

    [F5]
    2025-10-23$42323.00/sh+1$42,323→ 5 total
    Exercise: $6.00From: 2026-06-30Exp: 2026-06-30→ Common Stock (10,852 underlying)
Footnotes (5)
  • [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 2/27/2025 in the amount of $10,000, with current principal of $14,974 after subsequent maturity extensions Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share.
  • [F3]Convertible note issued on 8/1/2025 in the amount of $15,721.27, with current principal of $21,400 after Most Favored Nations and note extension principal increases Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share.
  • [F4]Convertible note issued on 8/28/2025 in the amount of $50,000 with current principal of $61,875 after subsequent maturity extensions Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share.
  • [F5]Convertible note issued on 10/23/2025 in the amount of $34,200 with current principal of $42,323 after Most Favored Nations principal increase and subsequent maturity extensions Pari-Passu with other noteholders and convertible at a 35% discount to the company's proposed uplist. Price expected to be $6.00 per share.
Signature
/s/ Adam Lipson|2026-05-12

Documents

1 file
  • 4
    ownership.xmlPrimary

    4