General Counsel at International Battery Metals (IBATF) converts RSUs to shares

Rhea-AI Filing Summary

International Battery Metals Ltd. General Counsel Norma Linda Garcia reported a Form 4 transaction involving restricted share units and common shares. On February 12, 2026, she exercised 33,333 RSUs, receiving 33,333 common shares at a per-share price of $0.00 through a derivative conversion.

Following this transaction, she directly holds 33,333 common shares and 66,667 RSUs, reflecting remaining installments scheduled to vest in 2027 and 2028 under the company’s restricted share unit plan. She also directly holds options covering 400,000 common shares with an exercise price of $0.365 per share, granted under the Rolling 10% Incentive Share Option Plan.

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^*

GARCIA NORMA LINDA

(Last) (First) (Middle)

12 GREENWAY PLAZA

SUITE 1100

(Street)

HOUSTON TX 77046

(City) (State) (Zip)

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

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

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

3. Date of Earliest Transaction (Month/Day/Year)
02/12/2026

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 Shares, no par value	02/12/2026		M		33,333	A	$0.00	33,333	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
Options (Rights to Buy)	$0.365(1)							(2)	02/12/2030	Common Shares, no par value	400,000		400,000	D
Restricted Share Units	(3)	02/12/2026		M			33,333	(4)	(4)	Common Shares, no par value	33,333	$0.00	66,667	D

Explanation of Responses:

1. Represents an exercise price of $0.495 Canadian dollars, converted to U.S. dollars using the Bank of Canada daily exchange rate of $1.00 to CAD$1.3562 as of January 30, 2026.

2. These option were granted on February 12, 2025, under the Issuer's Rolling 10% Incentive Share Option Plan and vest in equal amounts of 200,000 on the first and second anniversary of the grant date.

3. Each Restricted Share Unit ("RSU") represents a contingent right to receive one Common Share.

4. Represents RSUs granted on February 12, 2025, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan. These share will vest in accordance with the following schedule: 33,333 units vest on February 12, 2026, 33,333 units vest on February 12, 2027, and 33,334 units vest on February 12, 2028.

	/s/ Norma Garcia	02/13/2026
	** 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 IBATF’s General Counsel report on this Form 4?

The General Counsel exercised 33,333 restricted share units into 33,333 common shares at $0.00 per share. This derivative conversion was reported as a code M transaction dated February 12, 2026, reflecting settlement of vested RSUs into the issuer’s common equity.

How many International Battery Metals (IBATF) common shares does the insider hold after the transaction?

After the transaction, the insider directly holds 33,333 common shares. These shares were received by converting vested restricted share units, with no cash exercise price, and represent the insider’s current reported direct non-derivative equity position in the company.

What is the status of the insider’s remaining RSUs at International Battery Metals (IBATF)?

The insider holds 66,667 restricted share units after exercising 33,333 units. According to the vesting schedule, additional tranches of 33,333 and 33,334 RSUs are scheduled to vest in February 2027 and February 2028 under the company’s RSU plan.

What options position does the IBATF General Counsel report holding?

The insider reports directly holding options on 400,000 common shares at an exercise price of $0.365. These options were granted February 12, 2025, under the Rolling 10% Incentive Share Option Plan and vest in equal 200,000 share installments on the first and second anniversaries.

Did the IBATF insider pay cash to acquire the 33,333 common shares?

No cash was paid; the 33,333 common shares were acquired at $0.00 per share. The shares resulted from exercising restricted share units in a derivative conversion, rather than from an open-market purchase or cash option exercise.

What role does the reporting person hold at International Battery Metals (IBATF)?

The reporting person, Norma Linda Garcia, serves as General Counsel of the company. Her Form 4 filing details her equity-based compensation activity, including restricted share units and stock options granted under the issuer’s incentive and restricted share unit plans.