Shribman Daniel 4

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.