Lipson Adam C 4

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.