BEP Special Situations IV LLC 4

What Happened
BEP Special Situations IV LLC (reported as a 10% owner) purchased 4,000,000 shares of 5E Advanced Materials, Inc. (FEAM) on February 2, 2026. The shares were acquired at $2.00 per share for a total reported outlay of $8,000,000. The transaction is coded "P" (purchase) and is listed as an open market or private purchase.

Key Details

• Transaction date: 2026-02-02; Price: $2.00 per share; Shares acquired: 4,000,000; Total value: $8,000,000.
• Acquisition type per filing: open market or private purchase (code P).
• Filing date: Form 4 filed on 2026-02-04 (period of report 2026-02-02) — appears to be filed within the typical 2-business-day window.
• Shares owned after the transaction: not specified in the provided filing details.
• Footnote: Bluescape Energy Partners IV GP LLC is the general partner of the fund that wholly owns BEP Special Situations IV LLC; the reporting persons note they may be deemed to have beneficial ownership but disclaim beneficial ownership except for pecuniary interest.
• Reporting status: institutional 10% owner (not an executive or director).

Context
This is an institutional purchase by a significant shareholder (10% owner). Purchases by large holders can indicate confidence in the company but should be considered alongside other factors (financials, news, and market conditions). No options, awards, gifts, or tax-withholding events were reported in this transaction.