DyTb (TMRC) Director Anthony Marchese Sells 7.20M Shares

What Happened

• Anthony G. Marchese, a director of DyTb (formerly Texas Mineral Resources Corp., ticker TMRC) and general partner/ CIO of Insiders Trend Fund, LP, had a total of 7,195,532 TMRC shares disposed to the issuer on August 7, 2026.
• The disposals (5,171,492 and 2,024,040 shares) were made pursuant to the Merger Agreement tied to the company’s merger into subsidiaries of USA Rare Earth, Inc. Under the agreement each TMRC share converted into 0.043279843 shares of USA Rare Earth common stock (with cash paid in lieu of fractional shares). That conversion yields roughly 311,421 Parent shares; no cash sale price was reported on the Form 4.

Key Details

• Transaction date: 2026-08-07 (reported on Form 4 filed 2026-08-14). Filing occurred seven days after the transaction date (which may be later than the usual 2-business-day Form 4 deadline).
• Transaction type: Disposition to issuer pursuant to merger (not an open‑market sale). Price reported as N/A (conversion into Parent shares).
• Shares disposed: 5,171,492 + 2,024,040 = 7,195,532 TMRC shares.
• Conversion ratio: 0.043279843 Parent shares per TMRC share → ~311,421 Parent shares issued to the reporting person (cash in lieu for any fractional share).
• Shares owned after transaction: not specified in the provided filing.
• Footnotes: F1 describes the two-step merger that resulted in DyTb becoming a wholly owned subsidiary of USA Rare Earth; F2 gives the conversion ratio; F3 notes Marchese’s role with Insiders Trend Fund, LP.

Context

• These were corporate, merger-related conversions (routine transactional treatment in a merger), not open-market sales that signal a trading decision. The reporting person’s capacity as general partner/CIO suggests the disposition related to fund-held shares rather than a personal sale.