BLITZER MICHAEL 4

What Happened Michael Blitzer, a director of USA Rare Earth, Inc. (USAR), received an award of 6,438 restricted stock units (RSUs) on June 3, 2026. The grant was reported as a derivative award (code A) with an acquisition price of $0.00 — this is an equity award, not an open‑market purchase or sale.

Key Details

• Transaction date: 2026-06-03 (filed 2026-06-04).
• Instrument: 6,438 restricted stock units (each RSU = right to one share at settlement).
• Reported price/value: $0.00 (award/grant).
• Vesting: RSUs vest on the earlier of one year from grant or the 2027 Annual Meeting (anticipated on or about June 2, 2027). (Footnotes F1–F2)
• Shares owned after transaction: Not specified in the filing.
• Filing timeliness: Report filed the day after the transaction; no late filing indicated.
• Exhibit: Exhibit 24 included (power of attorney).

Context RSUs are a form of equity compensation that convert to company shares at settlement once vested; they do not represent immediate share ownership or a cash purchase. This award is a routine director compensation action and should be viewed as an equity grant rather than a directional buy or sell by the insider.