SEC Form 4 · accession 0001193125-26-292611
INTERNATIONAL BATTERY METALS LTD. · IBATF
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A Mills
Officer — Chief Executive Officer · Director
Period of report
Jul 1, 2026
Accepted (ET)
Jul 1, 2026 · 4:23 pm EDT
Rule 10b5-1 plan
box not checked
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 value | Jul 1, 2026 | M | 1,000,000 | $0.00 | A | 1,000,000 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Resricted Share UnitsF1,F2 | — | Jul 1, 2026 | M | 1,000,000 | D | — | — | Common Stock, no par value | 1,000,000 | 0 | D |
| Resricted Share UnitsF1,F3 | — | holding | — | — | — | — | — | Common Stock, no par value | 2,087,683 | 2,087,683 | D |
| Performance Based Restricted UnitsF4,F5 | — | holding | — | — | — | — | — | Common Stock, no par value | 2,000,000 | 2,000,000 | D |
| Performance Based Restricted Share UnitsF4,F6 | — | holding | — | — | — | — | — | Common Stock, no par value | 500,000 | 500,000 | D |
| Performance Based Resricted Share UnitsF4,F7 | — | holding | — | — | — | — | — | Common Stock, no par value | 4,304,525 | 4,304,525 | D |
| Performance Based Resricted Share UnitsF4,F8 | — | holding | — | — | — | — | — | Common Stock, no par value | 2,152,262 | 2,152,262 | 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 Restricted Share Units ("RSUs") granted on April 7, 2025 under International Battery Metals Ltd.'s (the "Issuer") Amended and Restated Restricted Share Unit Plan (as amended, the "Plan") and vests in full on July 1, 2026.
- F3Represents Restricted Share Units ("RSUs") granted on February 4, 2026, which will vest in full on February 4, 2027.
- 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 April 7, 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.