Intl Tower Hill Mines CFO exercises 30K options
Rhea-AI Filing Summary
INTERNATIONAL TOWER HILL MINES LTD (THM) reports that Chief Financial Officer David Allen Cross exercised stock options for 30,000 shares of common stock on August 20, 2026 at an exercise price of USD $0.67 per share (converted from CAD 0.92), acquiring 30,000 common shares now held directly. The options, originally granted on March 27, 2020, had vesting in three annual tranches and an expiry date extended to August 28, 2026 due to a trading blackout period under the company’s 2006 Incentive Stock Option Plan.
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Insider Trade Summary
30,000 shares exercised/converted
Exercise
2 txns
Insider
Cross David Allen
Role
Chief Financial Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) F1, F2, F3 | 30,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 30,000 | $0.67 | $20K |
Holdings After Transaction:
Stock Options (right to buy) — 0 contracts (Direct);
Common Stock — 30,000 shares (Direct)
Footnotes (3)
- F1. The exercise price was converted from CAD 0.92 to USD 0.67, based on the August 19, 2026 exchange rate as quoted by the Bank of Canada. The exercise price is the actual Canadian dollar amount regardless of the exchange rate on the date of exercise.
- F2. Options were granted on March 27, 2020 and vested as follows: one-third on the grant date, one-third on March 27, 2021, and one-third on March 27, 2022.
- F3. Pursuant to the International Tower Hill Mines Ltd. (the "Company") 2006 Incentive Stock Option Plan, if the expiry date of an option would fall during a trading blackout period imposed on the holder of the option by the Company, the expiry date of such option shall be extended to the close of business on the tenth business day after the end of such trading blackout period. The Company's most recent trading blackout period commenced on February 26, 2026 and ended on August 14, 2026, with the result that the expiry date for the option was August 28, 2026.
Key Figures
Options Exercised: 30,000 shares
Common Shares Acquired: 30,000 shares
Exercise Price: USD $0.67 per share
+5 more
8 metrics
Options Exercised
30,000 shares
Stock options exercised into common stock on August 20, 2026
Common Shares Acquired
30,000 shares
Common stock received from option exercise on August 20, 2026
Exercise Price
USD $0.67 per share
Converted from CAD 0.92 using August 19, 2026 Bank of Canada rate
Original Exercise Price
CAD 0.92 per share
Actual Canadian-dollar exercise price for the options
Grant Date
March 27, 2020
Grant date of the stock options exercised
Expiration Date
August 28, 2026
Option expiry after blackout-period extension under the plan
Blackout Period Start
February 26, 2026
Start of trading blackout affecting option expiry
Blackout Period End
August 14, 2026
End of trading blackout used to calculate extended expiry
Key Terms
trading blackout period, Incentive Stock Option Plan, exercise price, vesting
4 terms
trading blackout period regulatory
"if the expiry date of an option would fall during a trading blackout period"
Incentive Stock Option Plan financial
"Pursuant to the International Tower Hill Mines Ltd. (the "Company") 2006 Incentive Stock Option Plan"
A plan that gives employees the right to buy company shares at a fixed price after a vesting period, often with special tax treatment if the shares are held long enough. For investors it matters because these options can motivate and retain staff by tying pay to company performance, but they also increase the number of shares outstanding over time and can dilute existing shareholders and affect reported earnings — think of them as employee coupons for future ownership.
exercise price financial
"The exercise price was converted from CAD 0.92 to USD 0.67"
The exercise price is the fixed amount at which you can buy or sell an asset, like a stock, when using an options contract. It matters because it helps determine whether exercising the option will be profitable or not, depending on the current market price. Think of it as the set price you agree on today to buy or sell later.
vesting financial
"Options were granted on March 27, 2020 and vested as follows"
Vesting is the process by which you earn full ownership of something, like company stock or a retirement benefit, over time. It’s like earning the right to keep a gift piece by piece the longer you stay with a company, making sure employees stay committed before they receive all the benefits.
FAQ
What insider transaction did THM report for its CFO on August 20, 2026?
THM reported that Chief Financial Officer David Allen Cross exercised stock options for 30,000 shares of common stock on August 20, 2026 at an exercise price of USD $0.67 per share, resulting in 30,000 shares of common stock held directly after the transaction.
What was the exercise price of the THM stock options exercised by the CFO?
The stock options exercised by the THM CFO had an exercise price of CAD 0.92, which was reported as USD $0.67 per share based on the August 19, 2026 Bank of Canada exchange rate, with the actual obligation fixed in Canadian dollars.
When were the THM stock options granted and how did they vest?
The THM stock options exercised on August 20, 2026 were granted on March 27, 2020 and vested in three equal parts: one-third on the grant date, one-third on March 27, 2021, and one-third on March 27, 2022, as described in the filing footnotes.
Why did the THM stock options have an August 28, 2026 expiry date?
Under THM’s 2006 Incentive Stock Option Plan, option expiries falling in a trading blackout are extended. A blackout from February 26, 2026 to August 14, 2026 moved the options’ expiry to August 28, 2026, which is the date reported for the exercised options.
AI-generated analysis. How Rhea-AI works. Not financial advice.
