SEC Form 4 · accession 0001193125-26-257668
INTERNATIONAL BATTERY METALS LTD. · IBATF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael A Rutledge
Officer — Chief Financial Officer
Period of report
Jun 2, 2026
Accepted (ET)
Jun 4, 2026 · 5:00 pm EDT
Rule 10b5-1 plan
yes — trade under a plan
Issuer CIK
0001786318
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Shares, no par valueF1 | Jun 2, 2026 | M | 450,000 | $0.00 | A | 450,000 | D | |
| Common Shares, no par valueF2 | Jun 2, 2026 | S | 197,292 | $0.094 | D | 252,708 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F3 | — | Jun 2, 2026 | M | 450,000 | D | — | — | Common Stock, no par value | 450,000 | 0 | D |
| Performance Based Restricted Share UnitsF4,F5 | — | holding | — | — | — | — | — | Common Shares, no par value | 900,000 | 900,000 | D |
| Performance Based Restricted Shares UnitsF4,F6 | — | holding | — | — | — | — | — | Common Shares, no par value | 300,000 | 300,000 | D |
| Performance Based Restricted Share UnitsF4,F7 | — | holding | — | — | — | — | — | Common Shares, no par value | 1,937,036 | 1,937,036 | D |
| Performance Based Restricted Share UnitsF6,F8 | — | holding | — | — | — | — | — | Common Shares, no par value | 1,076,131 | 1,076,131 | D |
Explanation of responses
- F1The Restricted Share Units ("RSUs") each represent a contingent right to receive one common share of International Battery Metals Ltd. (the "Issuer").
- F2Represents the number of shares withheld by the Issuer to satisfy the tax withholding obligations incurred by the reporting person as a result of the shares received on June 2, 2026.
- F3Represents Restricted Share Units ("RSUs") granted on June 2, 2025, under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan (as amended, the "Plan"), which vests in full on June 2, 2026. Each RSU represents a contingent right to receive one Common Share.
- F4The Performance Based Restricted Share Unit ("PBRSU") each represent a contingent right to receive one common share of International Battery Metals Ltd. (the "Issuer").
- F5Represents Performance Based Restricted Share Units ("PBRSUs") granted on June 2, 2025, under the Plan, which shall vest upon completion of and deployment of two additional Direct Lithium Extraction Plants, subject to the terms of the associated Restricted Share Unit Agreement.
- F6Represents Performance Based Restricted Share Units granted on February 4, 2026, which will vest in full 60 days following the Issuer's successful listing on a major stock exchange.
- F7Represents Performance Based Restricted Share Units granted on February 4, 2026, of which, 50% shall vest upon the Issuer achieving an annualized EBITDA of $25 million and the remaining 50% shall vest upon the Issuer achieving an annualized EBITDA of $50 million.
- F8Represents Performance Based Restricted Share Units granted on February 4, 2026, of which, 50% shall vest upon the Issuer achieving a $750 million market capitalization over a 60 day volume weighted average trading price and the remaining 50% shall vest upon the Issuer achieving $1.5 billion market capitalization over a 60 day volume weighted average trading price.