Shribman Daniel 4

4 · Rare Earths Americas, Inc. · Filed May 8, 2026

AI-generated summary of this filing

Updated May 8, 2026

Rare Earths (REA) Director Daniel Shribman Converts 138,955 RSUs

What Happened

Director Daniel Shribman had 138,955 restricted stock units (RSUs) convert into 138,955 shares of Rare Earths Americas (REA) common stock on May 7, 2026. The filing shows an "exercise/conversion of derivative (M)" for 138,955 shares (acquired) and a corresponding derivative disposition for 138,955 units, indicating the RSUs converted into actual shares.
No purchase price or cash changed hands (price listed as N/A); this was vesting/conversion tied to the company’s IPO (a liquidity event), not an open‑market buy or sale.

Key Details

Transaction date: 2026-05-07 (filed on 2026-05-08).
Transaction code: M (exercise/conversion of a derivative). Price: N/A. Total reported acquired/disposed: 138,955 shares/units.
Shares owned after transaction: not specified in the provided excerpt of the filing.
Footnotes: F2 confirms each RSU was a contingent right to a share and all RSUs vested upon the May 7, 2026 IPO (the Liquidity Event). F1 notes that although the RSUs vested, settlement of the shares to the recipient is delayed by the underwriter lock‑up until that period expires.
Filing timeliness: Filed the day after the transaction (appears timely).

Context

This was not a cash purchase or sale; it was the conversion/vesting of RSUs triggered by the IPO. The converted shares are currently subject to the standard underwriting lock‑up and therefore are not immediately tradable.
Such conversions on an IPO are routine and reflect contractual vesting tied to a liquidity event rather than an insider trading signal.

Form 4

Period: 2026-05-07

Director

Transactions

Exercise/Conversion
Common Stock
[F1][F2]
2026-05-07+138,955→ 311,350 total
Exercise/Conversion
Restricted Stock Unit
[F2]
2026-05-07−138,955→ 0 total
→ Common Stock (138,955 underlying)

Footnotes (2)

[F1]Pursuant to the Restricted Stock Unit Agreement, the shares vested to the recipient on the closing date of the IPO. However, due to lock-up agreements signed pursuant to the Underwriting Agreement, the shares won't settle to the recipient until the lock-up period expires.
[F2]Each restricted stock unit represented a contingent right to receive a share of REA common stock upon a Liquidity Event, as defined in the Award Agreement. On May 7, 2026, REA closed its initial public offering, which was a Liquidity Event, triggering the vesting of all shares.

Signature

/s/ Jennifer Grafton as attorney-in-fact for Daniel Shribman|2026-05-08

1 file