Lavan Maryanne 4

What Happened
Maryanne Lavan, a director of MP Materials Corp. (MP), had 3,998 restricted stock units (RSUs) convert into 3,998 shares of common stock on June 15, 2026. The conversion/settlement was recorded as an exercise/conversion of a derivative (transaction code M); no cash was paid for the shares (price $0.00). This is a settlement of previously granted awards, not an open‑market purchase or sale.

Key Details

• Transaction date: June 15, 2026. Report filed same day (timely).
• Transaction type: Exercise/conversion of derivative (code M) — RSUs converted into common shares.
• Shares involved: 3,998 shares acquired via conversion; derivative interest shown as disposed upon conversion.
• Price/consideration: $0.00 per share (no cash paid).
• Shares owned after transaction: Not specified in the provided filing excerpt.
• Footnotes: F1 — RSUs convert one‑for‑one into common stock. F2 — The RSUs were granted Nov 17, 2020, vested June 1, 2021, and delivery of the shares was deferred until June 15, 2026.
• No tax‑withholding shares or sale reported in this filing.

Context
RSU conversions are routine corporate compensation events and do not by themselves indicate a buying or selling signal from the insider. The filing shows the RSU (a derivative award) was terminated and ordinary shares were delivered; this is not a cashless exercise or market sale. Purchases by insiders tend to carry more informational weight for investors than routine award settlements.