Rare Earths Americas (REA) CEO Donald S. Swartz Exercises 135,000 RSUs

What Happened
Donald S. Swartz, President, CEO and a director of Rare Earths Americas, reported the conversion/exercise of 135,000 derivative awards on August 22, 2026. The filing shows 135,000 shares acquired at $0.00 (code M for exercise/conversion) and a corresponding derivative disposition entry for the same amount. This reflects vesting/conversion of restricted stock units (RSUs) rather than a market purchase or sale; no cash proceeds were reported and the underlying shares are subject to a lock-up tied to the company’s IPO.

Key Details

• Transaction date: August 22, 2026; Form 4 filed August 24, 2026 (appears timely under the two-business-day Form 4 rule).
• Amount: 135,000 shares converted/issued at $0.00 (code M).
• Post-transaction beneficial ownership: not specified in the filing.
• Notable footnotes: the RSUs vested because the IPO (closed May 7, 2026) satisfied the required Liquidity Event and a one-year service condition was met on Aug 22, 2026. However, under lock-up agreements from the IPO underwriting, the settled shares will not be delivered to Mr. Swartz until the lock-up period expires.
• Transaction type: conversion/vesting of RSUs (derivative exercise/conversion), not an open-market buy or sale.

Context
This was a vesting/conversion event (derivative exercise) of RSUs—no immediate sale or cash purchase occurred. Because the shares remain subject to an IPO lock-up, they are not currently tradable and this transaction should not be read as an immediate bullish or bearish trading signal. Purchases or open-market sales by insiders tend to carry clearer signals; vesting of grants often reflects prior compensation arrangements.