HICKEY PAUL JOSEPH 4/A

What Happened

• Paul Joseph Hickey, a director of Rare Element Resources Ltd. (REEMF), acquired 7,217 common shares in a rights offering on March 4, 2026.
• The purchases were reported as two acquisitions at $0.24 per share: 6,940 shares directly (cost $1,666) and 277 shares indirectly through his spouse (cost $66), for a combined cost of about $1,732.
• These were purchases (acquisitions), which are generally viewed by investors as a more informative signal than routine sales.

Key Details

• Transaction date: March 4, 2026; reported in an original Form 4 filed March 6, 2026 and amended on March 13, 2026 to reflect final counts.
• Price and amounts: 6,940 shares @ $0.24 ($1,666) direct; 277 shares @ $0.24 ($66) indirect. Total 7,217 shares ($1,732).
• Shares owned after transaction: 31,940 shares directly and 1,277 shares indirectly through spouse (33,217 total).
• Form type and code: Amended Form 4; transaction code "A" (award/grant/acquisition) — here, acquisition through a rights offering.
• Footnote: The amendment corrects preliminary quantities previously reported (was 6,250 direct and 250 indirect).

Context

• This was an acquisition via a company rights offering (not an option exercise or sale). The dollar amount is small relative to most insider trades, so while it is a purchase, it is modest in size.
• The amendment clarifies final holdings; the original Form 4 reported preliminary numbers and was subsequently corrected.