Freeport-McMoRan legal chief sells 80,000 shares

FREEPORT-MCMORAN INC (FCX) executive Douglas N. II Currault, EVP & General Counsel, reported exercising options and selling shares on 2026-08-25.

Rhea-AI Filing Summary

FREEPORT-MCMORAN INC (FCX) executive Douglas N. II Currault, EVP & General Counsel, reported exercising options and selling shares on 2026-08-25. He exercised options for 65,000 shares at an exercise price of $12.04 and 15,000 shares at $28.14, acquiring the same number of common shares. He then sold 80,000 common shares at a weighted average price of $78.5558 per share. A footnote states that his beneficial ownership amount includes 36,499 Restricted Stock Units. The Rule 10b5-1 checkbox was not marked as being pursuant to a trading plan.

Insider Trade Summary

Exercise and Sale: 80,000 shares ($5.08M approx. pre-tax spread)

Exercise and Sale 5 txns

Insider Currault Douglas N. II

Role EVP & General Counsel

Sold 80,000 shs ($6.28M)

Approx. gross sale proceeds $6.28M

Approx. exercise cost $1.20M

Approx. pre-tax spread $5.08M

Type	Security	Shares	Price	Value
Exercise	Options (Right to Buy) F2	65,000	$0.00	$0.00
Exercise	Options (Right to Buy) F3	15,000	$0.00	$0.00
Exercise	Common Stock	65,000	$12.04	$783K
Exercise	Common Stock	15,000	$28.14	$422K
Sale	Common Stock F1, F4	80,000	$78.5558	$6.28M

Holdings After Transaction: Options (Right to Buy) — 0 contracts (Direct); Common Stock — 211,016 shares (Direct)

Footnotes (4)

1. F1. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $78.5500 - $78.5950. The Reporting Person here undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.
2. F2. Options granted were 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.
3. F3. Options granted were 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.
4. F4. Amount beneficially owned includes 36,499 Common Stock Restricted Stock Units.

Key Figures

Shares sold: 80,000 shares Sale weighted average price: $78.5558 per share Options exercised (first grant): 65,000 shares at $12.04 +5 more

8 metrics

Shares sold 80,000 shares Common Stock sale on 2026-08-25

Sale weighted average price $78.5558 per share Common Stock sale on 2026-08-25; trades between $78.55 and $78.595

Options exercised (first grant) 65,000 shares at $12.04 Exercise of Options (Right to Buy) into Common Stock on 2026-08-25

Options exercised (second grant) 15,000 shares at $28.14 Exercise of Options (Right to Buy) into Common Stock on 2026-08-25

Total options exercised 80,000 shares Aggregate of derivative exercises reported in this filing

Restricted Stock Units included in beneficial ownership 36,499 RSUs Common Stock Restricted Stock Units included in beneficially owned amount

Option expiration (first grant) 2030-02-04 Expiration date of options with $12.04 exercise price

Option expiration (second grant) 2031-02-02 Expiration date of options with $28.14 exercise price

Key Terms

weighted average price, Restricted Stock Units, derivative security

3 terms

weighted average price financial

"The price reported represents the <b>weighted average price</b> of the shares sold."

Weighted average price is the average price of a security where each trade or component is counted according to its size, so bigger trades pull the average more than smaller ones. Think of it like calculating the average cost of a grocery haul where items you bought more of have greater influence on the final per-item cost. Investors use it to understand the true average price paid or received, judge execution quality, and compare trading performance against market movement.

Restricted Stock Units financial

"Amount beneficially owned includes 36,499 Common Stock <b>Restricted Stock Units</b>."

Restricted stock units are a type of company reward where employees are promised shares of stock, but they only fully own these shares after meeting certain conditions, like staying with the company for a set time. They matter because they can become valuable assets and are often used to motivate employees to help the company succeed.

derivative security financial

"Transaction code M indicates an exercise or conversion of a <b>derivative security</b>."

A derivative security is a financial contract whose value comes from the price or performance of something else, such as a stock, bond, commodity, or market index. For investors it acts like an insurance policy or a wager: it can be used to protect against losses, lock in prices, or amplify gains and losses, so it can change a portfolio’s risk and potential return without owning the underlying asset directly.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What insider transaction did FCX executive Douglas N. II Currault report?

He reported exercising options for 80,000 shares of FREEPORT-MCMORAN INC common stock and selling 80,000 shares on 2026-08-25, combining option exercises and an open-market sale.

How many FCX shares did Douglas N. II Currault sell and at what price?

He sold 80,000 shares of FREEPORT-MCMORAN INC common stock at a weighted average price of $78.5558 per share, with individual trades executed between $78.55 and $78.595.

What option exercises did Douglas N. II Currault report for FCX?

He exercised options covering 65,000 shares at an exercise price of $12.04 per share and 15,000 shares at $28.14 per share, converting these options into the same number of common shares.

Were the reported FCX transactions under a Rule 10b5-1 trading plan?

No. The Rule 10b5-1 checkbox for the filing was not marked as being pursuant to a trading plan, and no footnote states that the transactions were executed under such a plan.

What additional FCX equity does Douglas N. II Currault beneficially own?

A footnote states that the amount beneficially owned by Douglas N. II Currault includes 36,499 Common Stock Restricted Stock Units, in addition to any common shares he holds.

What is Douglas N. II Currault’s role at FREEPORT-MCMORAN INC (FCX)?

Douglas N. II Currault is reported as an officer of FREEPORT-MCMORAN INC, serving as EVP & General Counsel in this Form 4 filing.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/26/2026 - 05:25 PM EDT Accepted by SEC EDGAR 08/26/2026 - 05:24 PM EDT Learn about SEC filing dates

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Currault Douglas N. II

(Last) (First) (Middle)

4340 E. COTTON CENTER BLVD.

SUITE 110

(Street)

PHOENIX ARIZONA 85040

(City) (State) (Zip)

UNITED STATES

(Country)

2. Issuer Name and Ticker or Trading Symbol
FREEPORT-MCMORAN INC [ FCX ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	EVP & General Counsel

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2026

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

4. If Amendment, Date of Original Filed (Month/Day/Year)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	08/25/2026		M		65,000	A	$12.04	276,016	D
Common Stock	08/25/2026		M		15,000	A	$28.14	291,016	D
Common Stock	08/25/2026		S		80,000	D	$78.5558(1)	211,016(4)	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Options (Right to Buy)	$12.04	08/25/2026		M			65,000	02/04/2021(2)	02/04/2030	Common Stock	65,000	$0	0	D
Options (Right to Buy)	$28.14	08/25/2026		M			15,000	02/02/2022(3)	02/02/2031	Common Stock	15,000	$0	0	D

Explanation of Responses:

1. The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $78.5500 - $78.5950. The Reporting Person here undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the Issuer or a security holder of the Issuer, to provide full information regarding the number of shares sold at each separate price.

2. Options granted were 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.

3. Options granted were 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.

4. Amount beneficially owned includes 36,499 Common Stock Restricted Stock Units.

Remarks:

	Kelly C. Simoneaux, on behalf of Douglas N. Currault II pursuant to a power of attorney	08/26/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 4: SEC 1474 (03-26)