Idaho Strategic Resources (IDR) Insider Exercise: 3,000 Options Converted

Rhea-AI Filing Summary

Grant A. Brackebush, CFO and Director of Idaho Strategic Resources, Inc. (IDR), exercised 3,000 stock options on 08/29/2025 at an exercise price of $5.25 per share. The options were originally granted under the companys 2014 Equity Incentive Plan on 09/06/2022 and were exercisable on that grant date with an expiration of 09/05/2025. After the transaction, Mr. Brackebush directly beneficially owns 136,232 shares of common stock and retains 23,000 stock options or derivative securities. The Form 4 is a routine Section 16 filing reporting the exercise and resulting ownership position.

Positive

• Insider ownership retained: Reporting person holds 136,232 common shares after the transaction.
• Clear disclosure: Exercise sourced to the 2014 Equity Incentive Plan with grant and expiration dates provided.

Negative

• None.

Insights

Financial Analyst

TL;DR: Insider exercised options, converting 3,000 options into common shares; overall insider ownership remains material but transaction is routine.

The filing documents a standard exercise of 3,000 options at $5.25 each, granted 09/06/2022 under the 2014 Equity Incentive Plan and exercisable at grant with a 09/05/2025 expiration. The exercise increased the reporting persons direct common stock holdings to 136,232 shares while leaving 23,000 derivative securities outstanding. This is a transactional disclosure rather than a corporate event; it does not by itself change company fundamentals or capital structure materially beyond the modest share issuance from the exercise.

Corporate Governance Expert

TL;DR: The Form 4 shows compliance with Section 16 reporting for an option exercise; timing and plan source are clearly disclosed.

The report identifies the reporting person as both CFO and a director, specifies the equity plan used (2014 Equity Incentive Plan), and provides dates and amounts, which meets typical disclosure expectations. The proximity of the exercise to the option expiration date is noted, but the filing contains no indication of rule 10b5-1 plan usage or any related-party issues. From a governance perspective, the filing is routine and properly documented.

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

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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^*

BRACKEBUSCH GRANT A

(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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	CFO/Vice President

3. Date of Earliest Transaction (Month/Day/Year)
08/29/2025

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	08/29/2025		M		3,000(1)	A	$5.25	136,232	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	08/29/2025	08/29/2025	M			3,000(1)	09/06/2022	09/05/2025	Common Stock	3,000	$0.0	23,000	D

Explanation of Responses:

1. Reporting person exercised 3,000 stock options at an exercise price of $5.25 per share, granted on September 6, 2022 persuant to the Issuer's 2014 Equity Incentive Plan

	/s/ Grant A. Brackebush	09/02/2025
	** 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.
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 transaction did Grant A. Brackebush report on Form 4 for IDR?

The Form 4 reports that Grant A. Brackebush exercised 3,000 stock options on 08/29/2025 at an exercise price of $5.25 per share.

How many IDR shares does the reporting person own after the transaction?

After the reported exercise, the reporting person directly beneficially owns 136,232 common shares.

What equity plan and grant date applied to the exercised options?

The exercised options were granted 09/06/2022 under the issuers 2014 Equity Incentive Plan.

How many derivative securities remain beneficially owned by the reporting person?

The filing shows 23,000 derivative securities (stock options) beneficially owned following the transaction.

When do the options expire?

The options underlying the reported exercise have an expiration date of 09/05/2025.