Intl Tower Hill Mines director exercises 150K options
INTERNATIONAL TOWER HILL MINES LTD (THM) director Karl L. Hanneman exercised 150,000 stock options into 150,000 shares of Common Stock on August 24, 2026 at an exercise price of CAD 0.92 (approximately USD 0.67) per share.
Rhea-AI Filing Summary
INTERNATIONAL TOWER HILL MINES LTD (THM) director Karl L. Hanneman exercised 150,000 stock options into 150,000 shares of Common Stock on August 24, 2026 at an exercise price of CAD 0.92 (approximately USD 0.67) per share. The options, granted on March 27, 2020 under the company’s 2006 Incentive Stock Option Plan and fully vested by March 27, 2022, were fully exercised, leaving 0 options from this grant outstanding. Following the transaction, Hanneman directly holds 362,000 Common Shares. The option expiry was extended to August 28, 2026 under plan provisions related to a company trading blackout period.
Positive
- None.
Negative
- None.
Insider Trade Summary
150,000 shares exercised/converted
Exercise
2 txns
Insider
Hanneman Karl L
Role
Director
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Stock Options (right to buy) F1, F2, F3 | 150,000 | $0.00 | $0.00 |
| Exercise | Common Stock F1 | 150,000 | $0.67 | $101K |
Holdings After Transaction:
Stock Options (right to buy) — 0 contracts (Direct);
Common Stock — 362,000 shares (Direct)
Footnotes (3)
- F1. The exercise price was converted from CAD 0.92 to USD 0.67, based on the August 20, 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: 150,000 stock options
Underlying Shares Acquired: 150,000 shares of Common Stock
Exercise Price: CAD 0.92 (approximately USD 0.67) per share
+3 more
6 metrics
Options Exercised
150,000 stock options
Exercised into Common Stock on August 24, 2026
Underlying Shares Acquired
150,000 shares of Common Stock
Issued upon option exercise on August 24, 2026
Exercise Price
CAD 0.92 (approximately USD 0.67) per share
Exercise price for the 150,000 stock options
Shares Owned After Transaction
362,000 shares of Common Stock
Direct holdings of Karl L. Hanneman after the August 24, 2026 exercise
Option Grant Date
March 27, 2020
Grant date of the exercised stock options
Option Expiration Date
August 28, 2026
Expiry extended under 2006 Incentive Stock Option Plan blackout rules
Key Terms
Stock Options (right to buy), trading blackout period, 2006 Incentive Stock Option Plan, exercise price
4 terms
Stock Options (right to buy) financial
"Security title is listed as "Stock Options (right to buy)" for the derivative"
trading blackout period regulatory
"The Company's most recent trading blackout period commenced on February 26, 2026"
2006 Incentive Stock Option Plan financial
"Pursuant to the International Tower Hill Mines Ltd. (the "Company") 2006 Incentive Stock Option Plan"
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.
FAQ
What insider transaction did THM director Karl L. Hanneman report on this Form 4?
Karl L. Hanneman reported exercising 150,000 stock options into 150,000 shares of Common Stock on August 24, 2026 under a previously granted option award, with no market sale reported in this filing.
What was the exercise price of the options exercised by THM director Karl L. Hanneman?
The options were exercised at an exercise price of CAD 0.92 per share, which the filing translates to approximately USD 0.67 per share based on the August 20, 2026 Bank of Canada exchange rate. The actual exercise obligation remains in Canadian dollars.
What happened to the 150,000 THM stock options reported in the Form 4?
The 150,000 stock options, granted on March 27, 2020, were fully exercised on August 24, 2026, resulting in 0 options remaining from this grant and the issuance of 150,000 Common Shares to Karl L. Hanneman.
Why did the THM option expiry date fall on August 28, 2026?
Under the International Tower Hill Mines Ltd. 2006 Incentive Stock Option Plan, option expiries falling in a company trading blackout are extended. A blackout from February 26, 2026 to August 14, 2026 extended this option’s expiry to August 28, 2026.
AI-generated analysis. How Rhea-AI works. Not financial advice.
