IBATF CFO discloses 1.35M restricted and performance share units in Form 3

Rhea-AI Filing Summary

International Battery Metals Ltd. filed an initial insider ownership report for its Chief Financial Officer, Michael A. Rutledge. The filing shows he beneficially owns 450,000 Restricted Share Units that were granted on June 2, 2025 and vest in full on June 2, 2026, each representing one common share. It also reports 900,000 performance-based RSUs that were granted on the same date and will vest upon completion and deployment of two additional Direct Lithium Extraction plants, according to the company’s restricted share unit plan and related agreement.

Insider Trade Summary

2 transactions reported

Mixed 2 txns

Insider RUTLEDGE MICHAEL A

Role Chief Financial Officer

Type	Security	Shares	Price	Value
holding	Restricted Share Units	--	--	--
holding	Performance Based Restricted Share Units	--	--	--

Holdings After Transaction: Restricted Share Units — 450,000 shares (Direct); Performance Based Restricted Share Units — 900,000 shares (Direct)

Footnotes (1)

1. Represents Restricted Share Units ("RSUs") granted on June 2, 2025, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan (as amended, the "Plan"), which vests in full on June 2, 2026. Each RSU represents a contingent right to receive one Common Share. Each RSU represents a contingent right to receive one Common Share. Represents Performance Based Restricted Share Units ("PBRSUs") granted on June 2, 2025, under the Plan, which shall vest upon completion of and deployment of two additional Direct Lithium Extraction Plants, subject to the terms of the associated Restricted Share Unit Agreement. Each PBRU represents a contingent right to receive one Common Share.

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SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

RUTLEDGE MICHAEL A

(Last) (First) (Middle)

12 GREENWAY PLAZA

SUITE 1100

(Street)

HOUSTON TX 77027

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
01/30/2026

3. Issuer Name and Ticker or Trading Symbol
INTERNATIONAL BATTERY METALS LTD. [ IBATF ]

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Share Units	(1)	(1)	Common Shares, no par value	450,000	(2)	D
Performance Based Restricted Share Units	(3)	(3)	Common Shares, no par value	900,000	(4)	D

Explanation of Responses:

1. Represents Restricted Share Units ("RSUs") granted on June 2, 2025, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan (as amended, the "Plan"), which vests in full on June 2, 2026. Each RSU represents a contingent right to receive one Common Share.

2. Each RSU represents a contingent right to receive one Common Share.

3. Represents Performance Based Restricted Share Units ("PBRSUs") granted on June 2, 2025, under the Plan, which shall vest upon completion of and deployment of two additional Direct Lithium Extraction Plants, subject to the terms of the associated Restricted Share Unit Agreement.

4. Each PBRU represents a contingent right to receive one Common Share.

Remarks:

Exhibit List: Exhibit 24 - Power of Attorney

	/s/ Norma Garcia, Attorney-in-Fact for Michael A. Rutledge	02/04/2026
	** 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 5 (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 does the IBATF Form 3 filing for Michael A. Rutledge show?

The Form 3 shows Chief Financial Officer Michael A. Rutledge’s initial beneficial ownership in International Battery Metals Ltd., including time-based and performance-based restricted share units that can convert into common shares under the company’s equity plan and related agreements.

How many Restricted Share Units does the IBATF CFO hold?

The CFO holds 450,000 Restricted Share Units. These RSUs were granted on June 2, 2025 and vest in full on June 2, 2026. Each RSU represents a contingent right to receive one common share of International Battery Metals Ltd.

What performance-based equity is disclosed in the IBATF Form 3?

The filing discloses 900,000 Performance Based Restricted Share Units. These PBRSUs were granted on June 2, 2025 and will vest upon completion and deployment of two additional Direct Lithium Extraction plants, as outlined in the company’s restricted share unit agreement.

Are the IBATF CFO’s restricted units held directly or indirectly?

Both the 450,000 Restricted Share Units and 900,000 Performance Based Restricted Share Units are reported as directly owned. The filing does not attribute them to any trust, partnership, or other separate entity, indicating direct beneficial ownership by the Chief Financial Officer.

Does the IBATF Form 3 represent a new transaction or existing holdings?

The Form 3 is an initial statement of beneficial ownership, listing existing holdings rather than a new purchase or sale. It documents RSUs and performance-based RSUs previously granted under the company’s equity plan and their vesting conditions tied to time and operational milestones.