5E Advanced Materials (FEAM) 10% Owner Receives 7,634 RSUs

What Happened

• BEP Special Situations IV LLC, a reported 10% owner of 5E Advanced Materials (FEAM), was granted 7,634 restricted stock units (RSUs) on 2026-09-30. The filing shows an acquisition price of $0.00 because these are contingent RSUs (derivative award), not immediate share purchases.
• The RSUs convert to one share each upon vesting; the award is set to vest on July 1, 2027, subject to Jonathan Siegler continuing to serve as a director through the vesting date.

Key Details

• Transaction date and price: 2026-09-30, 7,634 RSUs, reported acquisition price $0.00 (derivative grant).
• Shares owned after transaction: not specified in the filing.
• Notable footnotes:
  • F1: Each RSU equals a contingent right to one common share upon vesting.
  • F2: Jonathan Siegler (director) irrevocably assigned rights in the director equity to Bluescape Energy Partners, which is connected to the reporting entities.
  • F3: Vesting on July 1, 2027, contingent on continued service.
  • F4: Complex ownership chain ties BEP Special Situations IV LLC to Bluescape entities; reporting persons disclaim beneficial ownership except to the extent of any pecuniary interest.
• Filing timeliness: Reported on 2026-10-01 for a 2026-09-30 grant — appears timely (Form 4s are due within two business days after the transaction).

Context

• These RSUs are a grant/award (not a cash purchase or sale) and do not represent immediate common stock ownership until they vest and shares are issued. Grants tied to board service are common compensation and do not necessarily signal a buy/sell decision by the reporting entity.
• The filing involves an institutional 10% holder and related entity assignments rather than a simple insider trade; the assignment and ownership chain are primarily disclosure of who holds rights and any pecuniary interest.