Idaho Strategic Resources (IDR) secretary reports cashless option exercise

Rhea-AI Filing Summary

Idaho Strategic Resources corporate secretary Monique D. Hayes reported a cashless exercise of stock options in Idaho Strategic Resources, Inc. common stock. On January 7, 2026, she exercised 6,500 stock options at an exercise price of $11.50 per share, receiving common shares instead of paying cash. To fund this cashless exercise, 1,520 stock options were retired by the company at a market price of $49.20 per share, as described in the footnote.

Following these transactions, Hayes beneficially owned 8,893 shares of common stock directly. She also continued to hold stock options on additional shares, including grants that were partially exercised and reported in the derivative securities table.

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

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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^*

Hayes Monique D

(Last) (First) (Middle)

201 N 3RD 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)
	Corporate Secretary

3. Date of Earliest Transaction (Month/Day/Year)
01/07/2026

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	01/07/2026	01/07/2026	M		6,500(1)	A	$11.5	10,413	D
Common Stock	01/07/2026	01/07/2026	F		1,520(1)	D	$49.2	8,893	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	$11.5	01/07/2026	01/07/2026	M			3,250(1)	06/30/2025	01/17/2028	Common Stock	3,250	$0	9,750	D
Stock Options	$11.5	01/07/2026	01/07/2026	M			3,250(1)	12/31/2025	01/17/2028	Common Stock	3,250	$0	6,500	D

Explanation of Responses:

1. Reflects 1,520 stock options retired by issuer at the market price of $49.20 per share less an exercise price of $11.50 per share to fund the cashless exercise of 6,500 stock option owned by the Reporting Person pursuant to the Issuer's 2023 Equity Incentive Plan.

Remarks:

The transactions reported above in Table I reflect the cashless exercise of stock options. The cashless exercise for each set of options is reported in two lines. The first line of the cashless exercise transaction is coded M in column 3 of Table I and reports in column 4 the number of shares issuable upon exercise of the options had cash been paid to exercise the options, together with the exercise price with code A for acquired. The line coded F in column 3 of Table I relates to the same cashless exercise on the preceding line and reports in column 4 the number of shares deducted from the total number of shares issuable to pay for the cashless exercise of such options with code D for disposed. The transactions reported in Table II above, reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I above.

	/s/ Monique D. Hayes	01/08/2026
	** 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.
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FAQ

Who filed this Form 4 for Idaho Strategic Resources (IDR)?

The Form 4 was filed by Monique D. Hayes, who is an officer of Idaho Strategic Resources, Inc. serving as Corporate Secretary.

What transaction did Monique Hayes report in this Idaho Strategic Resources (IDR) Form 4?

She reported a cashless exercise of stock options on January 7, 2026, involving 6,500 stock options that were converted into Idaho Strategic Resources common stock.

How was the cashless stock option exercise structured in the IDR filing?

The filing explains that 1,520 stock options were retired by the issuer at a market price of $49.20 per share, less the $11.50 per share exercise price, to fund the cashless exercise of the 6,500 stock options.

How many Idaho Strategic Resources (IDR) shares did Monique Hayes own after the reported transactions?

After the reported transactions, Monique Hayes beneficially owned 8,893 shares of Idaho Strategic Resources common stock directly.

What do the M and F transaction codes mean in this Idaho Strategic Resources (IDR) Form 4?

The filing notes that transactions coded M in Table I report shares issuable upon option exercise with code A for acquired. The lines coded F report the number of shares deducted to pay for the cashless exercise with code D for disposed, all part of the same cashless exercise.

Are the derivative securities in the IDR Form 4 related to the same options that were exercised?

Yes. The explanation states that the transactions in Table II reflect the disposition of the same stock options whose cashless exercise is disclosed in Table I.