Joseph Cassandra Pulskamp 4

What Happened
Joseph Cassandra Pulskamp, General Counsel and Corporate Secretary of Ivanhoe Electric (IE), exercised 123,074 stock options on Feb 25, 2026 at $13.23 per share (total exercise cost ~$1,628,269) and sold the same 123,074 shares that day in the open market for total proceeds of ~$2,028,260. The transactions resulted in gross proceeds roughly $400k higher than the exercise cost.

Key Details

• Transaction date: February 25, 2026.
• Option exercise: 123,074 shares exercised at $13.23 each (M code). Exercise cost ≈ $1,628,269.
• Sale: 123,074 shares sold in multiple open-market trades; weighted-average sale price reported as $16.48, total proceeds ≈ $2,028,260 (S code). Sales executed at prices ranging from $16.30 to $17.00 per share (see footnote).
• Net difference: ~ $399,991 (proceeds minus exercise cost), before taxes/fees.
• Shares owned after transaction: Not specified in the provided filing.
• Footnotes: F1 notes the sale prices spanned $16.30–$17.00 (weighted avg $16.48) and the filer will provide per-price details on request. F2 notes the option was granted Feb 1, 2023 and vests in three equal annual installments beginning Feb 1, 2023.
• Filing timeliness: Report filed Feb 27, 2026 for a Feb 25, 2026 transaction — appears timely (Form 4 deadline is generally two business days).

Context

• This was an exercise of options followed by an immediate sale of the resulting shares (often described as a cashless exercise or sell-to-cover), which realizes the monetary gain from vested options.
• The filing is factual disclosure of the insider's transactions; it does not state the insider’s motivation.