Idaho Strategic Resources Form 4: CEO Disposes of $1.5M in Stock

Rhea-AI Filing Summary

Form 4 filing: Idaho Strategic Resources (IDR) President & CEO John Swallow reported the sale of 100,000 common shares on 07/10/2025 at $15.27 per share, for gross proceeds of roughly $1.53 million. After the transaction, Swallow still owns 830,248 shares directly. The filing notes that the sale completes the disposition previously disclosed on a Form 144 dated July 10, 2025. No derivative securities were exercised or granted, and no other insider transactions were listed.

The document contains no financial performance data or additional strategic disclosures; it strictly records this single insider transaction.

Positive

• None.

Negative

• CEO John Swallow sold 100,000 IDR shares at $15.27, a direct insider sale that can be interpreted as a bearish signal.

Insights

Securities Analyst

TL;DR: CEO sells 100k shares (~$1.53 M); modest relative to remaining stake but can weigh on short-term sentiment.

The CEO’s disposition equals about 10–12 trading days of IDR’s average volume (exact float not provided), so supply overhang could briefly pressure the stock. While Swallow retains more than 830 k shares, insider sales—especially by the top executive—often spark investor caution unless clearly linked to diversification or tax planning. The absence of offsetting insider buys or option exercises makes the filing directionally negative for near-term perception, though not necessarily a fundamental red flag.

Corporate Governance Expert

TL;DR: Sale aligns with prior Form 144 disclosure; transparency adequate, governance concerns minimal.

The filing is procedurally sound, referencing the earlier Form 144 that alerted the market. Timely submission indicates compliance with Section 16(a) obligations. No 10b5-1 plan is cited, so investors may question timing motives, but nothing in the document suggests policy breaches or undisclosed conflicts. Overall governance impact is neutral; perception depends on how investors interpret executive confidence.

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^*

Swallow 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)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
07/11/2025

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(1)	07/10/2025		S		100,000	D	$15.27	830,248	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

Explanation of Responses:

1. This transaction completes the sale of 100,000 common shares disclosed on From 144 on July 10, 2025 by Mr. Swallow

	/s/ John Swallow	07/11/2025
	** 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

How many Idaho Strategic Resources shares did CEO John Swallow sell?

He sold 100,000 common shares on 07/10/2025.

What price did the IDR shares sell for according to the Form 4?

The reported sale price was $15.27 per share.

How many IDR shares does the CEO own after the sale?

John Swallow now directly owns 830,248 shares.

Was this insider transaction previously disclosed?

Yes, the Form 4 states the sale completes the disposition announced in a Form 144 filed on July 10, 2025.

Did the filing include any derivative security activity?

No, no derivative securities were reported as acquired or disposed of.