FRIEDLAND ROBERT M 4

What Happened

• Robert M. Friedland, Executive Chairman and Director of Ivanhoe Electric (IE), exercised in‑the‑money derivative securities (public warrants) on Feb 13, 2026 to acquire 816,667 shares of common stock at an exercise price of $7.00 per share, for a total cash cost of $5,716,669. The filing also shows the related derivative instrument was surrendered/disposed as part of the exercise.

Key Details

• Transaction date: 2026-02-13.
• Shares acquired: 816,667 common shares; exercise price: $7.00; total cash paid: $5,716,669.
• Derivative disposition: 816,667 warrant/derivative instruments were surrendered (shown as disposed) as part of the exercise.
• Post-transaction holdings: Not specified in the excerpt provided.
• Footnotes:
  • F1: 133,562 of the shares are subject to vesting criteria tied to continued employment.
  • F2: Mr. Friedland previously (Feb 14, 2025) acquired 816,667 IE Units (each included one share and one public warrant) for $5.85 per unit; the warrants exercised here were associated with that earlier purchase.
• Filing timeliness: Report filed 2026-02-18 for a 2026-02-13 transaction. This appears to be timely (filed within the Form 4 two business‑day window, accounting for the Feb 16 federal holiday).

Context

• This was an exercise of warrants (a common form of derivative). The filing shows he paid cash to exercise the warrants and acquired the underlying shares; there is no report here of an immediate sale of the acquired shares. The exercise also removed the corresponding derivative instruments (warrants).