Idaho Strategic (IDR) director uses cashless exercise of 5,000 options
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Idaho Strategic Resources director Carolyn S. Turner executed a cashless option exercise involving 5,000 shares of common stock. She exercised stock options at an exercise price of $11.50 per share, and 1,540 shares were disposed of at $37.35 per share to cover the exercise price and related taxes. After these transactions, she directly holds 5,980 shares of common stock, and the filing shows no remaining derivative positions from this option grant.
Positive
- None.
Negative
- None.
Insider Trade Summary
5,000 shares exercised/converted
Mixed
4 txns
Insider
Turner Carolyn S
Role
null
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options | 2,500 | $0.00 | -- |
| Exercise | Stock Options | 2,500 | $0.00 | -- |
| Exercise | Common stock | 5,000 | $11.50 | $58K |
| Tax Withholding | Common stock | 1,540 | $37.35 | $58K |
Holdings After Transaction:
Stock Options — 7,500 shares (Direct, null);
Common stock — 5,980 shares (Direct, null)
Footnotes (1)
- [object Object]
Key Figures
Options exercised: 5,000 shares
Exercise price: $11.50/share
Tax-withholding shares: 1,540 shares
+4 more
7 metrics
Options exercised
5,000 shares
Common stock acquired via option exercise at $11.50 per share
Exercise price
$11.50/share
Stock option exercise price for 5,000 underlying common shares
Tax-withholding shares
1,540 shares
Shares disposed as tax-withholding disposition in cashless exercise
Market price for withholding
$37.35/share
Value used to retire 1,540 options in cashless exercise
Shares held after transactions
5,980 shares
Total common stock directly owned following reported transactions
Options exercised count
2 transactions, 5,000 shares
Derivative exercises coded “M” in Form 4 transaction summary
Tax-withholding transaction count
1 transaction, 1,540 shares
Disposition coded “F” for payment of exercise price or tax liability
Key Terms
cashless exercise, tax-withholding disposition, Stock Options, derivative security, +1 more
5 terms
cashless exercise financial
"to fund the cashless exercise of 5,000 stock option owned by the Reporting Person"
A cashless exercise is a way for an option holder to convert stock options into actual shares without paying the purchase price in cash; instead they immediately give up a portion of the newly issued shares to cover the cost and any withholding taxes. Investors care because this process increases the number of shares available and can slightly dilute existing holdings, while also signaling how insiders or employees are realizing compensation without needing cash — similar to paying for a purchase by handing over part of what you just bought.
tax-withholding disposition financial
"transaction_action": "tax-withholding disposition","transaction_code_description": "Payment of exercise price or tax liability"
A tax-withholding disposition is an event or transaction—such as selling or transferring securities, exercising options, or receiving compensation—that triggers a requirement to hold back part of the payment and remit it to tax authorities. It matters to investors because it reduces the cash they receive immediately and can change the timing and amount of taxable income, like a cashier taking a portion of your sale proceeds to pay taxes before you get the rest.
Stock Options financial
""security_title": "Stock Options","transaction_code": "M","transaction_type": "derivative""
Stock options are agreements that give a person the right to buy or sell a company's stock at a specific price within a certain time frame. They are often used as a reward or incentive, similar to a coupon that can be used later if the stock price rises, allowing the holder to make a profit.
derivative security financial
""transaction_code_description": "Exercise or conversion of derivative security""
A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.
2023 Equity Incentive Plan financial
"pursuant to the Issuer's 2023 Equity Incentive Plan."
FAQ
What did Idaho Strategic Resources (IDR) director Carolyn S. Turner do in this Form 4?
Carolyn S. Turner completed a cashless exercise of stock options. She exercised 5,000 stock options for common stock at $11.50 per share, with 1,540 shares disposed at $37.35 per share to fund the exercise price and tax obligations.
What prices were involved in Carolyn S. Turner’s Idaho Strategic (IDR) option exercise?
The options had an exercise price of $11.50 per share. The tax-withholding disposition was calculated using a market price of $37.35 per share, as noted in the footnote describing the cashless option exercise structure.
Was Carolyn S. Turner’s Idaho Strategic (IDR) transaction an open-market sale or purchase?
The filing describes a cashless option exercise with tax withholding, not an open-market trade. The 1,540-share disposition is coded as a tax-withholding transaction, used to pay the exercise price and tax liabilities rather than an ordinary market sale.