AMERICAN BATTERY MATERIALS (BLTH) issues 4,895 shares for promissory note extension
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
AMERICAN BATTERY MATERIALS, INC. director-related entity Quail Run Holdings LLC received 4,895 shares of common stock on March 17, 2026. The shares were issued as consideration for extending the maturity date of a promissory note under a note extension agreement. Following this non-cash restructuring transaction, indirect holdings associated with director Glenn Dylan total 19,138 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Glenn Dylan
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Other | Common Stock | 4,895 | $3.75 | $18K |
Holdings After Transaction:
Common Stock — 19,138 shares (Indirect, As trustee of Quail Run Holdings LLC)
Footnotes (1)
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Key Figures
Shares issued: 4,895 shares
Implied price per share: $3.75 per share
Indirect holdings after transaction: 19,138 shares
+2 more
5 metrics
Shares issued
4,895 shares
Common stock issued for promissory note maturity extension
Implied price per share
$3.75 per share
Form 4 transaction price for issued common stock
Indirect holdings after transaction
19,138 shares
Total common stock indirectly held after March 17, 2026
Restructuring share count
4,895 shares
Shares tied to restructuring/other transaction (code J)
Transaction date
March 17, 2026
Date of common stock issuance for note extension
Key Terms
promissory note, note extension agreement, indirect ownership, other acquisition or disposition
4 terms
promissory note financial
"issued in consideration for the extension of the maturity date of a promissory note"
A promissory note is a written IOU in which one party promises to pay a specific sum, often with interest, to another party by a set date or on demand. Investors care because it functions like a loan: it creates a legal claim on future cash flows, carries credit and timing risk, and can affect valuation or liquidity—think of it as a formal, tradable promise to be repaid that can be assessed like any other debt investment.
note extension agreement financial
"pursuant to the terms of the note extension agreement"
indirect ownership financial
"ownership_type: "indirect" and nature_of_ownership: "As trustee of Quail Run Holdings LLC""
other acquisition or disposition financial
"transaction_code_description: "Other acquisition or disposition""
FAQ
What insider transaction did AMERICAN BATTERY MATERIALS (BLTH) report for Glenn Dylan?
BLTH reported an "other" insider transaction involving 4,895 common shares tied to director Glenn Dylan. The shares were issued to Quail Run Holdings LLC for extending a promissory note’s maturity, reflecting a non-cash restructuring rather than an open-market buy or sell.
Was the BLTH Form 4 transaction a buy or sell of common stock?
The Form 4 does not report an open-market buy or sell. It classifies the action under code J as “other acquisition or disposition,” reflecting share issuance for a promissory note maturity extension, which is a restructuring-type, non-cash consideration.