Steele William Robert Jr 4

What Happened William R. Steele Jr., Chief Financial Officer of USA Rare Earth, was granted 63,493 restricted stock units (RSUs) on March 31, 2026. The award is reported as a derivative acquisition (transaction code A) at $0.00 per unit (no cash paid at grant). Each RSU represents the right to receive one share of common stock upon settlement.

Key Details

• Transaction date: 2026-03-31; filing date (Form 4): 2026-04-01 (timely filing).
• Grant: 63,493 RSUs; grant price reported $0.00 (no immediate cash value recognized in the Form 4).
• Vesting: RSUs vest in three equal tranches (33 1/3% each) on March 1, 2027; March 1, 2028; and March 1, 2029. (Footnotes F1–F2)
• Each RSU equals one share on settlement (Footnote F2).
• Shares owned after the transaction: Not disclosed in this Form 4.
• Transaction code: A = Award/Grant. Exhibit referenced: Exhibit 24.

Context This was a compensatory equity grant (RSUs), a common form of executive compensation; it is neither an open-market purchase nor a sale. RSUs only convert to actual shares upon vesting/settlement, so this grant does not immediately increase tradable share ownership. Such grants are routine but useful to note when tracking insider compensation and potential future share issuance upon vesting.