FRIEDLAND ROBERT M 4

What Happened

• Robert M. Friedland, Executive Chairman and a director of Ivanhoe Electric, exercised derivative securities on June 25, 2026 to acquire a total of 1,833,332 common shares. The filing shows two related transactions: 916,666 shares acquired at an exercise price of $2.49 per share (cash outlay $2,282,498) and 916,666 shares acquired at a $0.00 exercise price (no cash paid). This filing reports an acquisition (exercise) rather than a sale.

Key Details

• Transaction date: 2026-06-25 (filed 2026-06-26).
• Shares acquired: 1,833,332 total (two lines of 916,666 each).
• Prices and value: 916,666 shares @ $2.49 = $2,282,498; 916,666 shares @ $0.00 = $0.
• Vesting/conditions: 168,250 shares are subject to vesting tied to continued employment (F1).
• Ownership/transfer note: total includes shares previously owned directly and transferred to an entity wholly owned and controlled by Mr. Friedland (F2).
• Option exercisability: the option became exercisable in four equal annual installments beginning June 30, 2021 (F3).
• Filing timeliness: filing appears timely (reported for 6/25/2026 and filed 6/26/2026).
• No immediate sale reported in this Form 4.

Context

• This transaction reflects the exercise/conversion of derivative securities (stock options/other convertible rights). The filing does not show any immediate disposition (no sales) of the acquired shares. Some of the shares remain subject to vesting and some were transferred into a wholly owned entity, per the footnotes. As always, exercises are a change in ownership but do not by themselves indicate the insider’s future market view.