DUCKWORTH CONNIE K 4

What Happened
Connie K. Duckworth, a director of MP Materials Corp. (MP), was granted 725 deferred stock units (DSUs) on 2026-03-31. The filing reports the units at 725 shares @ $0.00 (total $0) because these DSUs were awarded in connection with her election to defer cash retainer payments rather than a cash purchase. This is an award (compensation deferral), not an open-market buy or sale.

Key Details

• Transaction date: 2026-03-31; Form 4 filed 2026-04-01 (timely filing indicated).
• Grant: 725 DSUs reported at $0.00 per unit (total $0 in the filing).
• Shares owned after transaction: not specified in the provided filing summary.
• Footnote summary: DSUs represent a right to receive one share each and are fully vested on grant. Settlement occurs upon the earlier of (i) June 15 following the close of the fifth calendar year after the cash retainers were earned, (ii) certain change-in-control events, or (iii) the reporting person's separation from service.
• No 10b5-1 plan, tax-withholding sale, or late filing flag noted in the provided information.

Context
DSUs are a form of deferred compensation commonly used by non-employee directors to defer cash retainers into equity-like units. Because these units are fully vested but settlement is delayed, this transaction reflects routine compensation deferral rather than an immediate purchase or sale that signals a director's near-term market view. Investors should treat this as compensation-related rather than an explicit buy or sell decision.