Ivanhoe Electric Inc. — Director's Dealing 2022

Jul 1, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Ivanhoe Electric Inc. (IE)
CIK: 0001879016
Period of Report: 2022-06-30

Reporting Person: Lewnowski Oskar (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-06-30	Common Stock	C	1084247	—	Acquired	5022665	Indirect
2022-06-30	Common Stock	C	590441	—	Acquired	5613106	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2022-06-30	Series 1 Convertible Notes	$9.39	C		Disposed	2023-07-31	Common Stock (1084247)	Indirect
2022-06-30	Series 2 Convertible Notes	$10.58	C		Disposed	2023-07-31	Common Stock (590441)	Indirect

Footnotes

F1: The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.

F2: Upon the consummation of an initial public offering that resulted in gross proceeds of at least $25 million (a "Qualifying IPO"), the Series 1 Convertible Notes, including any accrued but unpaid interest thereon, automatically converted into shares of common stock at a price per share equal to the lesser of (A) 80% of the gross price per share at which common stock is sold in the Qualifying IPO, and (B) $9.39 per share of common stock, subject in each case to adjustment for any stock split, stock dividend, reverse stock split, or similar transactions.

F3: Upon the consummation of a Qualifying IPO, the Series 2 Convertible Notes, including any accrued but unpaid interest thereon, automatically converted into shares of common stock at a price per share equal to 90% of the gross price per share at which common stock was sold in the offering.