HEBERT CURTIS L JR 4

What Happened
Curtis L. Hebert Jr., a director of 5E Advanced Materials, was granted 9,459 restricted stock units (RSUs) on March 31, 2026. The Form 4 reports these as a grant/award (transaction code A) with an acquisition price of $0.00 (typical for RSU grants). These RSUs are derivative awards that represent a contingent right to receive one share of common stock per RSU once vesting conditions are met.

Key Details

• Transaction date: 2026-03-31; transaction type: Grant/Award (code A). Report filed 2026-03-31 (same day).
• Amount: 9,459 RSUs granted; acquisition price shown as $0.00. Total dollar amount not reported on the form (market value would depend on FEAM share price).
• Shares owned after transaction: not specified in this filing.
• Footnotes: Each RSU equals a contingent right to one common share (F1). RSUs granted under the Issuer's Amended and Restated 2022 Equity Compensation Plan; they vest on July 1, 2026 contingent on Hebert's continued service on the Board and have no expiration date (F2).
• Filing timeliness: The report was filed the same day as the grant date (no late filing indicated).

Context
RSUs are a form of compensation/long-term incentive rather than an open-market purchase or sale. They do not represent immediate ownership of shares until vesting conditions are satisfied and the company issues shares (or settles in cash if applicable). Such grants are common for directors and executives and should be viewed as part of compensation rather than a direct buy/sell signal.