DUCKWORTH CONNIE K 4

What Happened
Connie K. Duckworth, a director of MP Materials Corp. (MP), reported the conversion of 3,998 restricted stock units into 3,998 shares of common stock on June 15, 2026. The filing shows the acquisition of 3,998 shares (price N/A) and a simultaneous reported disposition of 3,998 shares at $0.00. No cash purchase or market sale is reported and no dollar value for the acquisition is provided in the filing.

Key Details

• Transaction date: 2026-06-15. Transaction code: M (exercise/conversion of derivative).
• Shares acquired: 3,998 common shares (conversion of RSUs). Shares disposed: 3,998 reported at $0.00.
• Price/value: Acquisition price listed as N/A; disposition reported at $0.00. No total dollar value reported.
• Shares owned after the transaction: not specified in the filing.
• Footnotes: F1 — RSUs convert to common stock one-for-one. F2 — These RSUs were granted on Nov 17, 2020, vested on June 1, 2021, and receipt was deferred until June 15, 2026.
• Timeliness: Report filed on the same date as the transaction (2026-06-15), indicating a timely filing.

Context
This was a settlement/conversion of previously granted restricted stock units rather than an open-market buy or sell. The zero-dollar disposition is reported but the filing does not explain the reason (e.g., administrative transfer or tax withholding); the filing simply records the conversion/settlement of deferred RSUs. Such award settlements are typically routine and reflect the vesting/deferral schedule rather than a directional insider trade signal.