Hoops Elliot Dean 4

What Happened
Elliot Dean Hoops, General Counsel and Secretary of MP Materials Corp. (MP), sold 7,823 shares on January 20, 2026 in an open-market transaction for total proceeds of approximately $533,607. The weighted-average price reported was $68.21 per share (sales occurred across prices from $68.00 to $68.55). This was a sale (not a purchase), and the filing indicates the transactions were implemented pursuant to a pre-established Rule 10b5-1 trading plan.

Key Details

• Transaction date: January 20, 2026; Form 4 filed January 22, 2026 (filed within the typical 2-business-day window).
• Shares sold: 7,823; weighted average price: $68.21; total proceeds ≈ $533,607.
• Price range: $68.00 to $68.55 (the filing offers to provide the per-trade breakdown on request).
• Shares owned after transaction: not specified in the provided Form 4 excerpt.
• Notable footnotes: (1) Sale effected under a Rule 10b5-1 plan adopted February 26, 2025; (2) reported price is a weighted average across multiple trades — breakdown available on request.

Context
Sales executed under Rule 10b5-1 plans are pre-arranged and scheduled, and are commonly used by insiders to sell shares without signaling a change in their view of the company. For retail investors, such planned sales are typically considered routine and do not on their own indicate company performance or insider sentiment.