[Form 4] 5E Advanced Materials, Inc. Insider Trading Activity

Rhea-AI Filing Summary

Ascend Global Investment Fund SPC and related entities reported purchases of common stock of 5E Advanced Materials, Inc. (FEAM). On 08/25/2025 Ascend Global and Meridian Investments each acquired 50,000 shares at $3.50 per share, for a combined 100,000-share purchase. The filing shows 7,830,646 shares beneficially owned following the transactions, reported as indirect ownership.

The filing explains the ownership chain: Ascend Global is the record holder of 4,031,972 shares and Meridian of 3,798,674 shares. Ascend Global is the sole shareholder of Meridian; Ascend Financial Holdings Limited is the sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., the sole partner of Ascend Global. By virtue of control, Mr. Susanto may be deemed to share beneficial ownership, although he disclaims such ownership. The Form 4 signatures are dated 08/27/2025.

Insights

Financial Analyst

TL;DR Insider-affiliated entities bought 100,000 FEAM shares at $3.50, modestly increasing consolidated beneficial ownership to 7,830,646 shares.

The purchase is a straightforward open-market acquisition by related investment vehicles rather than a derivative or option exercise. The combined 100,000-share purchase represents an explicit cash investment at $3.50 per share and results in reported indirect ownership of 7,830,646 shares. For most investors this is a routine Section 16 disclosure; absent additional context such as total outstanding shares or subsequent filings, the transaction alone is unlikely to materially change valuation metrics. The filing does, however, clarify the ownership structure linking Ascend Global, Meridian, Ascend Capital Advisors, Ascend Financial and an individual tied to control, which is relevant when assessing shareholder concentration and voting dynamics.

Corporate Governance Expert

TL;DR Related entities increased holdings and the filing documents a layered ownership structure that may affect voting influence.

The Form 4 discloses purchases by affiliated entities and provides a clear chain of control: Ascend Global holds shares of record, Meridian is record holder of additional shares and ownership flows up to Ascend Financial and Ascend Capital Advisors. The filing explicitly states that these entities may be deemed to share beneficial ownership under SEC rules and that an individual, Mr. Susanto, may be deemed to share beneficial ownership though he disclaims it. From a governance perspective this concentration and the disclosure of shared beneficial ownership are material to understanding who may exercise voting power, even if the specific 100,000-share purchase is modest. The disclosure and signatures dated 08/27/2025 satisfy Form 4 reporting requirements.

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

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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^*

Ascend Global Investment Fund SPC - Strategic Segregated Portfolio

(Last) (First) (Middle)

1 KIM SENG PROMENADE #10-01 EAST TOWER

(Street)

GREAT WORLD CITY U0 237994

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
5E Advanced Materials, Inc. [ FEAM ]

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

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
08/25/2025

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

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

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

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	08/25/2025		P		100,000	A	$3.5	7,830,646	I	See Footnotes(1)(2)

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

1. Name and Address of Reporting Person^*

Ascend Global Investment Fund SPC - Strategic Segregated Portfolio

(Last) (First) (Middle)

1 KIM SENG PROMENADE #10-01 EAST TOWER

(Street)

GREAT WORLD CITY U0 237994

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Meridian Investments Corp

(Last) (First) (Middle)

1 KIM SENG PROMENADE, #10-01 EAST TOWER

(Street)

GREAT WORLD CITY U0 237994

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ascend Capital Advisors (S) Pte. Ltd.

(Last) (First) (Middle)

1 KIM SENG PROMENADE, #10-01 EAST TOWER

(Street)

GREAT WORLD CITY U0 237994

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Ascend Financial Holdings Ltd

(Last) (First) (Middle)

1 KIM SENG PROMENADE, #10-01 EAST TOWER

(Street)

GREAT WORLD CITY U0 237994

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

1. Name and Address of Reporting Person^*

Susanto Halim

(Last) (First) (Middle)

1 KIM SENG PROMENADE, #10-01 EAST TOWER

(Street)

GREAT WORLD CITY U0 237994

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Ascend Global Investment Fund SPC ("Ascend Global") and Meridian Investments Corporation ("Meridian") each purchased 50,000 shares of Common Stock. Ascend Global is the record holder of 4,031,972 shares of Common Stock and Meridian is the record holder of 3,798,674 shares of Common Stock

2. Ascend Global is the sole shareholder of Meridian, and may be deemed to share beneficial ownership of the securities held of record by Meridian. Ascend Financial Holdings Limited ("Ascend Financial") is the sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., which is the sole partner of Ascend Global. As a result, each of the foregoing entities may be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global. By virtue of his control of Ascend Financial, Mr. Susanto may also be deemed to share beneficial ownership of the securities beneficially owned by Ascend Global under Section 13(d) of the Securities Exchange Act of 1934 (as amended) and the rules promulgated by the U.S. Securities and Exchange Commission thereunder. Mr. Susanto disclaims beneficial ownership of the securities beneficially owned by Ascend Global.

	Ascend Global Investment Fund SPC for and on behalf of Strategic SP, /s/ Mulyadi Tjandra, By: Mulyadi Tjandra Title: Director	08/27/2025
	Meridian Investments Corporation, /s/ Mulyadi Tjandra, By: Mulyadi Tjandra Title: Director	08/27/2025
	Ascend Capital Advisors (S) Pte. Ltd., /s/ Mulyadi Tjandra, By: Mulyadi Tjandra Title: Director	08/27/2025
	Ascend Financial Holdings Limited, By: Key Time Ventures Limited, Director, /s/ Lau Kar Yee, By: Lau Kar Yee, Title: Authorized Signatory	08/27/2025
	/s/ Halim Susanto	08/27/2025
	** 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).
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FAQ

What transactions were reported on the FEAM Form 4?

The filing reports that Ascend Global and Meridian each purchased 50,000 common shares of FEAM on 08/25/2025 at a price of $3.50 per share, for a combined 100,000-share acquisition.

How many FEAM shares are beneficially owned after the reported transactions?

The Form 4 reports 7,830,646 shares beneficially owned following the transactions, reported as indirect ownership.

Who holds the FEAM shares of record according to the filing?

Ascend Global is the record holder of 4,031,972 shares and Meridian is the record holder of 3,798,674 shares, as stated in the filing.

What is the ownership structure disclosed in the Form 4?

The filing explains that Ascend Global is the sole shareholder of Meridian; Ascend Financial Holdings Limited is sole shareholder of Ascend Capital Advisors (S) Pte. Ltd., which is sole partner of Ascend Global, creating a chain of affiliated ownership.

Does the filing state whether an individual may be deemed to own the shares?

Yes. The filing states that by virtue of control, Mr. Susanto may be deemed to share beneficial ownership of the shares held by Ascend Global under SEC rules, although he disclaims beneficial ownership.

When was the Form 4 signed by the reporting persons?

The signatures on the Form 4 are dated 08/27/2025.