USA Rare Earth Director Thomas Caulfield Receives RSU Award

What Happened

• Director Thomas Caulfield received a grant of 2,548 restricted stock units (RSUs) on 2026-03-19. The award was reported on a Form 4 filed 2026-03-23. The RSUs were granted at $0.00 (no cash paid) and are recorded as a derivative award rather than an open‑market purchase.

Key Details

• Transaction date: 2026-03-19; filing date: 2026-03-23 (filed within the Form 4 reporting window).
• Instrument: 2,548 restricted stock units (RSUs) — grant/award (code A).
• Price: $0.00 per RSU (award/grant, no cash exchanged at grant).
• Vesting: RSUs will fully vest on June 3, 2026 (Footnote F1).
• Settlement: Each RSU represents the right to receive one share of common stock at settlement (Footnote F2).
• Shares owned after transaction: not specified in the provided filing.
• Exhibit: Exhibit 24 included.

Context

• This was an award of derivative securities (RSUs), not a market purchase or sale. RSUs typically convert to shares upon vesting/settlement; they do not necessarily indicate immediate buying or selling intent. The filing appears timely under Form 4 rules (filed within two business days of the transaction).