BLITZER MICHAEL 4

What Happened Michael Blitzer, Chairman of the board of USA Rare Earth, reported an open-market purchase of 100,000 shares on January 29, 2026. The filing shows a weighted-average purchase price of $21.44 per share for a total reported cost of $2,143,860. The purchase was executed in multiple trades; prices ranged from $21.32 to $21.49.

Key Details

• Transaction type: P = Purchase (open market)
• Transaction date: 2026-01-29
• Reported price: weighted average $21.44; individual trades ranged $21.32–$21.49 (see footnote F1)
• Total value: $2,143,860
• Shares owned after transaction: not disclosed in this Form 4 filing
• Footnote F1: Seller undertakes to provide SEC or issuer, upon request, full breakdown of number of shares and individual trade prices
• Footnote F2 / Remark: Inflection Point Holdings II LLC is the record holder of the securities; Blitzer is the sole Managing Member, shares voting and investment discretion with respect to securities held by the Sponsor, and disclaims beneficial ownership beyond any pecuniary interest. The Sponsor may be deemed a director by deputization; Blitzer is Chairman.
• Filing timeliness: Reported on 2026-01-29 (no late filing noted)

Context This was a direct open-market purchase (a buying transaction), which investors often view as a more informative insider action than routine sales. The footnotes indicate the shares are recorded in a sponsor entity for which Blitzer has managerial control but disclaims broader beneficial ownership beyond any personal pecuniary interest. The filer offers to provide a full trade breakdown to the SEC or holders upon request.