Ivanhoe Electric (NYSE: IE) chair-linked entity exercises 816,667 stock warrants

Rhea-AI Filing Summary

Ivanhoe Electric Inc. director and Executive Chairman Robert M. Friedland reported indirect exercises of public warrants into common stock through Ivanhoe Capital Pte Ltd. The entity exercised 816,667 public warrants into 816,667 shares of common stock at an exercise price of $7.00 per share. Following these transactions, Ivanhoe Capital Pte Ltd. held 2,252,970 shares of Ivanhoe Electric common stock indirectly for Friedland, while he also directly held 9,470,562 shares. A footnote states that 133,562 of these shares are subject to vesting criteria tied to continued employment, and that Friedland had previously purchased 816,667 units at $5.85 per unit, each including one share and one public warrant.

Insights

Equity compensation and insider transactions analyst

Insider-linked entity exercises 816,667 warrants into Ivanhoe Electric shares.

The filing shows Ivanhoe Capital Pte Ltd., an entity associated with Executive Chairman Robert M. Friedland, exercising 816,667 public warrants into the same number of Ivanhoe Electric common shares at $7.00 per share. This is coded as an in-the-money derivative exercise.

After these exercises, the entity’s indirect holdings rose to 2,252,970 shares, while Friedland’s direct holdings were 9,470,562 shares. A portion of 133,562 shares remains subject to vesting tied to continued employment, indicating some equity is still contingent on service conditions.

A footnote explains that Friedland had earlier acquired 816,667 units at $5.85 per unit, each with one share and one warrant at a $7.00 exercise price, linking today’s warrant exercise back to that prior unit offering described in the company’s prospectus supplement.

Insider Trade Summary

816,667 shares exercised/converted

Mixed 3 txns

Insider FRIEDLAND ROBERT M

Role Executive Chairman

Type	Security	Shares	Price	Value
X	Public Warrants	816,667	$0.00	--
X	Common Stock	816,667	$7.00	$5.72M
holding	Common Stock	--	--	--

Holdings After Transaction: Public Warrants — 0 shares (Indirect, By Ivanhoe Capital Pte Ltd.); Common Stock — 2,252,970 shares (Indirect, By Ivanhoe Capital Pte Ltd.); Common Stock — 9,470,562 shares (Direct)

Footnotes (1)

1. 133,562 of the shares are subject to vesting criteria related to continued employment. On February 14, 2025, Mr. Friedland indirectly purchased 816,667 IE Units for $5.85 per Unit. Each Unit consisted of one share of Common Stock and one public warrant to purchase one share of Common Stock at an exercise price at $7.00 per whole share, subject to adjustment as described under the heading "Description of Securities - Warrants to be Issued in this Offering" in the Issuer's Prospectus Supplement dated February 12, 2025 to Prospectus dated July 10, 2023 (File No. 333-273195) (the "Prospectus Supplement").

Form 4 Insider Transactions: What Each Field Means →

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^*

FRIEDLAND ROBERT M

(Last) (First) (Middle)

C/O IVANHOE ELECTRIC INC.

450 E. RIO SALADO PARKWAY, SUITE 130

(Street)

TEMPE AZ 85281

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Ivanhoe Electric Inc. [ IE ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Executive Chairman

3. Date of Earliest Transaction (Month/Day/Year)
02/13/2026

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	02/13/2026		X		816,667	A	$7	2,252,970	I	By Ivanhoe Capital Pte Ltd.
Common Stock								9,470,562(1)	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
Public Warrants	$7	02/13/2026		X			816,667	02/14/2025	02/17/2026	Common Stock	816,667	(2)	0	I	By Ivanhoe Capital Pte Ltd.

Explanation of Responses:

1. 133,562 of the shares are subject to vesting criteria related to continued employment.

2. On February 14, 2025, Mr. Friedland indirectly purchased 816,667 IE Units for $5.85 per Unit. Each Unit consisted of one share of Common Stock and one public warrant to purchase one share of Common Stock at an exercise price at $7.00 per whole share, subject to adjustment as described under the heading "Description of Securities - Warrants to be Issued in this Offering" in the Issuer's Prospectus Supplement dated February 12, 2025 to Prospectus dated July 10, 2023 (File No. 333-273195) (the "Prospectus Supplement").

	/s/ Robert M. Friedland	02/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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FAQ

What did Ivanhoe Electric (IE) report in this Form 4 for Robert M. Friedland?

The Form 4 reports that an entity associated with Robert M. Friedland, Ivanhoe Capital Pte Ltd., exercised 816,667 public warrants into 816,667 Ivanhoe Electric common shares at $7.00 per share, increasing his reported indirect equity stake in the company.

How many Ivanhoe Electric shares did Ivanhoe Capital Pte Ltd. hold after the warrant exercise?

After exercising 816,667 public warrants, Ivanhoe Capital Pte Ltd. held 2,252,970 shares of Ivanhoe Electric common stock indirectly for Robert M. Friedland, according to the Form 4. This figure reflects indirect ownership only, separate from his directly held shares.

How many Ivanhoe Electric shares does Robert M. Friedland hold directly after these transactions?

Following the reported transactions, Robert M. Friedland directly held 9,470,562 shares of Ivanhoe Electric common stock. This direct position is in addition to the 2,252,970 shares held indirectly through Ivanhoe Capital Pte Ltd., as disclosed in the filing.

What are the key terms of the previously purchased Ivanhoe Electric units mentioned in the footnote?

The footnote states that on February 14, 2025, Robert M. Friedland indirectly purchased 816,667 Ivanhoe Electric units at $5.85 per unit, each consisting of one common share and one public warrant exercisable at $7.00 per share, under the company’s prospectus supplement.

Are any of Robert M. Friedland’s Ivanhoe Electric shares subject to vesting conditions?

Yes. The Form 4 notes that 133,562 of Robert M. Friedland’s Ivanhoe Electric shares are subject to vesting criteria tied to continued employment. These shares therefore remain contingent on fulfilling specified service-based conditions with the company.

Does this Form 4 show Robert M. Friedland buying or selling Ivanhoe Electric shares on the open market?

The Form 4 reflects an in-the-money exercise of 816,667 public warrants into common stock, not an open-market purchase or sale. The transactions are coded as derivative exercises executed through Ivanhoe Capital Pte Ltd., an entity associated with Friedland.