[Form 4] Idaho Strategic Resources, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Robert Morgan, Vice President Exploration and a director-level reporting person of Idaho Strategic Resources, Inc. (IDR), exercised 3,000 stock options on 08/25/2025 at an exercise price of $5.25 per share. The options were originally granted on 09/06/2022 under the issuer's 2014 Equity Incentive Plan and had an exercise/exercisable date of 08/25/2025 with an expiration of 09/05/2025. After the exercise, Mr. Morgan beneficially owns 40,939 common shares directly. The Form 4 is signed by Robert Morgan and reports only this option exercise transaction.

Positive

• Insider increased direct ownership by 3,000 shares, bringing total direct beneficial ownership to 40,939 shares
• Exercise executed under company equity plan (2014 Equity Incentive Plan), indicating options vested and exercisable as documented

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider exercised options for 3,000 shares at $5.25, increasing direct holdings to 40,939 shares; transaction appears routine.

The Form 4 documents a non-derivative result of an option exercise: 3,000 options granted 09/06/2022 were exercised on 08/25/2025 at $5.25, producing 3,000 common shares and raising direct beneficial ownership to 40,939. There are no sales or dispositions reported, no cashless or simultaneous sales disclosed, and no additional derivative holdings beyond the exercised options. From an investor-data perspective, this is a straightforward insider exercise filing without additional compensatory or liquidity events disclosed.

Corporate Governance Expert

TL;DR: Filing shows a standard equity incentive exercise by an officer/director with no other governance actions noted.

The document confirms the exercise occurred pursuant to the company’s 2014 Equity Incentive Plan and was signed by the reporting person. The filing does not indicate use of a Rule 10b5-1 plan, amendment, or joint filing complexities. There are no indications of changes in officer status or other governance disclosures in this Form 4. Material governance implications are not evident from the disclosed transaction alone.

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
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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^*

Morgan Robert John

(Last) (First) (Middle)

201 N. THIRD ST.

(Street)

COEUR D'ALENE, ID 83814

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Idaho Strategic Resources, Inc. [ IDR ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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	08/25/2025		M		3,000(1)	A	$5.25	40,939	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	$5.25	08/25/2025	08/25/2025	M			3,000(1)	09/06/2022	09/05/2025	Common Stock	3,000	$0	13,000	D

Explanation of Responses:

1. On August 25, 2025 Robert Morgan exercised 3,000 stock options granted on September 6, 2022 persuant to the Issuer's 2014 Equity Incentive Plan with an exercise price of $5.25.

	/s/ Robert Morgan	08/25/2025
	** 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.
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FAQ

What transaction did Robert Morgan report for IDR on this Form 4?

He exercised 3,000 stock options on 08/25/2025 at an exercise price of $5.25 per option, resulting in 3,000 common shares.

How many shares does Robert Morgan beneficially own after the transaction?

Following the exercise, Robert Morgan beneficially owns 40,939 common shares directly.

When were the exercised options originally granted and what plan governs them?

The options were granted on 09/06/2022 under the issuer's 2014 Equity Incentive Plan.

Did the Form 4 report any sales or dispositions of shares?

No. The Form 4 reports an exercise (acquisition) of 3,000 shares and does not report any dispositions or sales.

Is there any indication this filing was part of a 10b5-1 plan or an amendment?

No. The Form 4 does not indicate that the transaction was made pursuant to a Rule 10b5-1 plan, nor is it marked as an amendment.