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

Rhea-AI Filing Summary

Paul W. Weibel III, Chief Executive Officer of 5E Advanced Materials, Inc. (FEAM), reported equity awards vesting in early September 2025. Restricted share units (RSUs) granted September 1, 2022, included 133 RSUs that vested and were settled on 09/01/2025. Performance share units (PSUs) tied to service and performance conditions were partially satisfied; the Board determined on 09/03/2025 that performance conditions were 90% achieved, resulting in 239 PSUs vesting. The issuer withheld 131 shares to cover the reporting person’s tax withholding obligation, and the reporting person’s beneficial ownership after the transactions is reported at 14,502 shares of common stock. All reported awards were granted under the company’s 2022 Equity Compensation Plan.

Positive

• Performance-based awards vested at 90%, indicating significant but not full achievement of targets as determined by the Board
• CEO received additional shares through RSU and PSU vesting, aligning management compensation with shareholder outcomes

Negative

• 131 shares were withheld to cover tax obligations, reducing the net share increase from the vesting events
• Some PSUs were forfeited (the disclosure notes remaining unvested PSUs were forfeited after the 90% determination)

Insights

Financial Analyst

TL;DR: CEO received vested equity (RSUs and PSUs) with PSUs awarded at 90% of target; modest net share increase after tax withholding.

The filing shows routine equity compensation settlement rather than open-market trading: 133 RSUs vested on 09/01/2025 and PSUs vested on 09/03/2025 at 90% of target, producing 239 shares before withholding. The issuer withheld 131 shares for taxes, leaving the reporting person with 14,502 shares beneficially owned after these events. These are compensatory equity settlements under the 2022 Equity Compensation Plan and reflect board-approved performance determinations rather than purchases or sales.

Corporate Governance Expert

TL;DR: Compensation committee executed pre-established plan mechanics; disclosure aligns with Section 16 reporting for insider vesting and withholding.

The Form 4 documents standard equity-plan outcomes: time-based RSUs vesting on the anniversary schedule and PSUs vesting based on achievement of performance criteria (90% vested). The filing discloses tax withholding of 131 shares and notes forfeiture of remaining unvested PSUs per the committee’s determination. The transactions are reported as direct beneficial ownership changes and follow required disclosure conventions for officer compensation events.

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^*

Weibel Paul Wesley III

(Last) (First) (Middle)

9329 MARIPOSA ROAD

SUITE 210

(Street)

HESPERIA CA 92344

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/01/2025

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

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

X	Form filed by One Reporting Person
	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	09/01/2025		M		133	A	(1)	14,394	D
Common Stock	09/03/2025		M		239	A	(2)	14,633	D
Common Stock	09/03/2025		F		131(3)	D	$3.41	14,502	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
Restricted Share Unit	(1)	09/01/2025		M			133	(4)	(4)	Common Stock	133	$0.00	0.00	D
Performance Share Unit	(2)	09/03/2025		A		239		(5)	(5)	Common Stock	239	$0.00	239	D
Performance Share Unit	(2)	09/03/2025		M			239	(6)	(6)	Common Stock	239	$0.00	0.00	D

Explanation of Responses:

1. Each restricted share unit ("RSU") represents a contingent right to receive one share of 5E Advanced Materials, Inc. common stock.

2. Each performance share unit ("PSU") represents a contingent right to receive one share of 5E Advanced Materials, Inc. common stock upon the attainment of certain service-based and performance-based conditions.

3. Represents the number of shares of common stock withheld by the Issuer to cover the reporting person's tax withholding obligation upon the vesting of RSUs and PSUs.

4. RSUs granted on September 1, 2022 pursuant to the Issuers 2022 Equity Compensation Plan (the "Plan"). One-third vested on each of the first, second and third anniversary of the grant date.

5. The Issuer previously granted the Reporting Person an award of PSUs that vest based on the Issuer's satisfaction of certain performance objectives. On September 3, 2025, the Board determined that the performance conditions had been 90% satisfied.

6. PSUs granted on September 1, 2022 pursuant to the Plan. Amount represents the vesting of PSUs. Pursuant to the determination of the Compensation Committee of the Board of Directors, the PSUs vested at 90% of the target number of shares based on achievement of the applicable performance criteria. The remaining unvested PSUs were forfeited.

Remarks:

	/s/ Paul Weibel	09/03/2025
	** 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).
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.

FAQ

What equity transactions did FEAM CEO Paul Weibel report on Form 4?

The CEO reported vesting and settlement of 133 RSUs on 09/01/2025 and vesting of 239 PSUs on 09/03/2025, with 131 shares withheld for taxes.

How many PSUs vested and at what performance level were they settled?

The Board determined the performance conditions were 90% satisfied, resulting in 239 PSUs vesting on 09/03/2025.

What was the reporting person’s beneficial ownership after these transactions?

Following the reported transactions and tax withholding, the reporting person’s beneficial ownership is reported as 14,502 shares of common stock.

Under which plan were the RSUs and PSUs granted?

The awards were granted under the issuer’s 2022 Equity Compensation Plan, per the Form 4 explanations.

Were any shares forfeited as a result of the performance determination?

Yes. The filing states the remaining unvested PSUs were forfeited after the Compensation Committee’s determination.