John Swallow (IDR) disposes 50,000 shares; retains 780,248 shares

Rhea-AI Filing Summary

John Swallow, President & CEO and a director of Idaho Strategic Resources, Inc. (IDR), reported a sale of 50,000 shares of common stock on 08/19/2025 at a price of $23.51 per share. After the transaction he beneficially owns 780,248 shares directly. The filing notes that 42,231 of the sold shares were originally acquired in a private acquisition on 08/30/2013 and 7,769 shares on 01/29/2014, completing a sale disclosed on a Form 144 filed the same day.

Positive

• Continued substantial insider ownership: Reporting person retains 780,248 shares after sale
• Clear provenance of sold shares: 42,231 shares from 08/30/2013 and 7,769 from 01/29/2014, noted in the explanation

Negative

• Insider disposition: Sale of 50,000 shares on 08/19/2025 at $23.51 per share

Insights

Financial Analyst

TL;DR: Insider sale of 50,000 shares reduces holdings but leaves substantial direct ownership (780,248 shares).

The sale of 50,000 shares at $23.51 is disclosed as a completed transaction by the CEO/director. The filing documents the provenance of the sold lots from private acquisitions in 2013 and 2014, indicating these were existing holdings rather than newly issued shares. Because the report shows continued significant direct ownership, the transaction appears to be a routine disposition rather than a complete exit, and the filing contains no information about any hedging, derivative transactions, or plans that would further change ownership.

Corporate Governance Expert

TL;DR: Form 4 properly discloses an insider sale and remaining beneficial ownership; no governance red flags in the filing itself.

The report lists John Swallow as both President & CEO and a director and includes a manual signature dated 08/19/2025, meeting Form 4 disclosure requirements. The explanatory note tying sold shares to prior private acquisitions provides clear traceability of the disposed shares. The filing does not include any indication of Rule 10b5-1 trading plans or exceptions, and it does not show joint filings or indirect ownership structures beyond direct holdings.

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^*

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)
08/19/2025

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)	08/19/2025		S		50,000	D	$23.51	780,248	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. 42,231shares of common stock sold in this transaction were acquired by Mr. Swallow in a private acquisition from the issuer on August 30, 2013 and 7,769 shares of common stock sold by Mr. Swallow were acquired in a private acquisition from the issuer on January 29, 2014. This transaction completes the sale of 50,000 common shares disclosed on From 144 filed on August 19, 2025 by Mr. Swallow.

	/s/ John Swallow	08/19/2025
	** 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 did John Swallow report in the Form 4 for IDR?

He reported the sale of 50,000 common shares on 08/19/2025 at $23.51 per share and a remaining direct beneficial ownership of 780,248 shares.

How many of the sold shares were originally acquired in prior private transactions?

42,231 shares were acquired on 08/30/2013 and 7,769 shares on 01/29/2014, as stated in the filing.

What roles does the reporting person hold at Idaho Strategic Resources (IDR)?

The reporting person, John Swallow, is listed as both a Director and the President & CEO of the company.

Does the Form 4 indicate any derivative transactions or 10b5-1 plan?

No. The filing discloses only a non-derivative common stock sale and does not reference a Rule 10b5-1 plan or derivative transactions.

When was the Form 4 signed by the reporting person?

The signature on the Form 4 is dated 08/19/2025.