Director exercises options at American Battery Materials (BLTH) at $1.55

Rhea-AI Filing Summary

American Battery Materials director Adam C. Lipson reported exercising stock options to acquire additional common shares. On 01/14/2026, he exercised options at an exercise price of $1.55 per share, resulting in the acquisition of 5,779 shares of common stock.

Following these transactions, Lipson directly beneficially owned 343,589 shares of American Battery Materials common stock. He also continued to hold stock options as reflected in the derivative securities table, indicating ongoing equity-based exposure to the company.

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Lipson Adam C

(Last) (First) (Middle)

500 WEST PUTNAM AVE SUITE 400

(Street)

GREENWICH CT 06830

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN BATTERY MATERIALS, INC. [ BLTH ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
01/14/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock(1)	01/14/2026		M		5,779	A	$1.55	343,589	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options(1)	$1.55	01/14/2026	01/14/2026	M			5,334	12/08/2025	12/08/2034	Common Stock	5,334	$1.55	10,666	D
Stock Options(1)	$1.55	01/14/2026	01/14/2026	M			445	01/08/2026	12/08/2034	Common Stock	445	$1.55	10,221	D

Explanation of Responses:

1. The reporting person exercised stock options and acquired the underlying shares

	/s/ Adam Lipson	01/14/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What insider transaction did American Battery Materials (BLTH) report for Adam C. Lipson?

Director Adam C. Lipson reported exercising stock options on 01/14/2026, acquiring 5,779 shares of American Battery Materials common stock at an exercise price of $1.55 per share.

How many American Battery Materials shares does Adam C. Lipson own after the reported Form 4 transaction?

After the reported transaction, Adam C. Lipson beneficially owned 343,589 shares of American Battery Materials common stock directly.

What was the exercise price of the stock options exercised by Adam C. Lipson at American Battery Materials (BLTH)?

The stock options exercised by Adam C. Lipson carried an exercise price of $1.55 per share for the underlying American Battery Materials common stock.

What type of securities did Adam C. Lipson transact in for American Battery Materials?

Adam C. Lipson exercised stock options (derivative securities) and acquired the underlying common stock of American Battery Materials, as noted in both the derivative and non-derivative tables.

What does transaction code "M" mean in Adam C. Lipson’s American Battery Materials Form 4?

In this Form 4, transaction code "M" indicates the exercise or conversion of derivative securities, meaning Lipson exercised stock options to obtain American Battery Materials common shares.

Does Adam C. Lipson report direct or indirect ownership of American Battery Materials shares?

The filing indicates direct ownership (D) for both the common stock and stock options reported for Adam C. Lipson.