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

Rhea-AI Filing Summary

Insider sale disclosed: Robert Morgan, reporting as VP Exploration of Idaho Strategic Resources, Inc. (IDR), reported the sale of 7,143 common shares on 09/22/2025 at a price of $30.52 per share. After the transaction Mr. Morgan beneficially owned 33,796 shares. The filing states this sale completes the disposition previously disclosed on a Form 144 filed the same date. The Form 4 is signed by Mr. Morgan and lists the transaction as a direct sale.

Positive

• Transaction fully disclosed: Form 4 reports the sale details including date, price ($30.52) and remaining holdings (33,796 shares).
• Filing appears signed and complete: Report signed by Robert Morgan on 09/22/2025, with reference to Form 144 completion.

Negative

• Insider reduced holdings: Direct sale of 7,143 common shares, which decreases the reporting person’s ownership.
• No contextual explanation provided: Filing does not state reason for sale or whether other related transactions exist.

Insights

Securities Analyst

TL;DR: An officer reported a direct sale of 7,143 shares at $30.52, leaving 33,796 shares outstanding beneficially owned.

The disclosure is straightforward: a single non-derivative sale executed 09/22/2025 at $30.52 per share reducing the reporting person’s direct stake to 33,796 shares. The filing notes this transaction completes a sale disclosed on a Form 144 filed the same day, indicating the sale was previously planned and publicly flagged. For investors, this is a routine insider liquidity event rather than a change in company operations or financials because no derivative transactions or additional material information are included.

Corporate Governance Expert

TL;DR: Officer-level insider executed and reported a direct stock sale; filing appears timely and properly signed.

The Form 4 identifies the reporting person as VP Exploration and documents a direct disposition of 7,143 common shares at $30.52 on 09/22/2025. It explicitly states the sale completes the shares disclosed on a Form 144 filed the same date and is signed by the reporting person. The form does not disclose any acquisitions, option exercises, or indirect ownership changes. From a governance perspective, this is a clear, single-event disclosure without additional governance actions or related-party transactions noted.

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 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)
	VP Exploration

3. Date of Earliest Transaction (Month/Day/Year)
09/22/2025

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	09/22/2025		S		7,143(1)	D	$30.52	33,796	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 7,143 common shares disclosed on From 144 filed September 22, 2025 by Mr. Morgan

	/s/ Robert Morgan	09/22/2025
	** 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 Robert Morgan report in the Form 4 for IDR?

He reported a direct sale of 7,143 common shares on 09/22/2025 at $30.52 per share, leaving 33,796 shares beneficially owned.

When was the transaction executed according to the Form 4?

The transaction date is 09/22/2025.

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

The form identifies the reporting person as VP Exploration.

Does the Form 4 indicate this sale was part of a previously disclosed plan?

Yes. The filing states the transaction completes the sale disclosed on a Form 144 filed the same date.

Did the Form 4 report any derivative transactions or acquisitions?

No. Table II shows no derivative securities; only a non-derivative sale is reported in Table I.