MP (MP) trust account files notice to sell 272,600 common shares

Rhea-AI Filing Summary

MP (symbol MP) reported a planned secondary sale of common stock by a trust account holder. A Form 144 notice states that 272,600 common shares are to be sold through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $17,037,500.00 and 177,230,483 shares outstanding. The shares are described as founder shares acquired from the issuer on 11/17/2020, in the same amount as now being sold.

Over the past three months, the JAMES HENRY LITINSKY REVOCABLE TRUST U/A DTD 10/19/2011 has reported additional common stock sales, including 27,400 shares on 01/07/2026, 385,000 shares on 12/05/2025, and 248,411 shares on 11/20/2025, with stated gross proceeds for each transaction. The signer represents that they do not know of any undisclosed material adverse information about the issuer’s operations.

Form 144 Filer Information	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144 NOTICE OF PROPOSED SALE OF SECURITIES PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933
FORM 144

144: Filer Information

Filer CIK
Filer CCC
Is this a LIVE or TEST Filing?	LIVE TEST
Submission Contact Information
Name
Phone
E-Mail Address

144: Issuer Information

Name of Issuer

SEC File Number

Address of Issuer

Phone

Name of Person for Whose Account the Securities are To Be Sold

See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.

Relationship to Issuer

Relationship to Issuer

144: Securities Information

Title of the Class of Securities To Be Sold	Name and Address of the Broker	Number of Shares or Other Units To Be Sold	Aggregate Market Value	Number of Shares or Other Units Outstanding	Approximate Date of Sale	Name the Securities Exchange
Common	Morgan Stanley Smith Barney LLC Executive Financial Services 1 New York Plaza 8th Floor New York NY 10004	272600	17037500.00	177230483	01/08/2026	NYSE

Furnish the following information with respect to the acquisition of the securities to be sold and with respect to the payment of all or any part of the purchase price or other consideration therefor:

144: Securities To Be Sold

Title of the Class	Date you Acquired	Nature of Acquisition Transaction	Name of Person from Whom Acquired	Is this a Gift?	Date Donor Acquired	Amount of Securities Acquired	Date of Payment	Nature of Payment *
Common	11/17/2020	Founders Shares	Issuer			272600	11/17/2020	N/A

* If the securities were purchased and full payment therefor was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given. If the consideration consisted of any note or other obligation, or if payment was made in installments describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.

Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

144: Securities Sold During The Past 3 Months

Name and Address of Seller	Title of Securities Sold	Date of Sale	Amount of Securities Sold	Gross Proceeds
10b5-1 Sales for JAMES HENRY LITINSKY REVOCABLE TRUST U/A DTD 10/19/2011 1700 S. Pavilion Center Drive, Suite 800 Las Vegas NV 89135	Common	01/07/2026	27400	1753800.02
JAMES HENRY LITINSKY REVOCABLE TRUST U/A DTD 10/19/2011 1700 S. Pavilion Center Drive, Suite 800 Las Vegas NV 89135	Common	12/05/2025	385000	24232308.26
JAMES HENRY LITINSKY REVOCABLE TRUST U/A DTD 10/19/2011 1700 S. Pavilion Center Drive, Suite 800 Las Vegas NV 89135	Common	11/20/2025	248411	15864582.52

144: Remarks and Signature

Remarks

Date of Notice

Date of Plan Adoption or Giving of Instruction, If Relying on Rule 10b5-1

ATTENTION:

The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

Signature

ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)

FAQ

What does MP's latest Form 144 filing disclose?

The filing discloses that a trust account holder intends to sell 272,600 MP common shares through Morgan Stanley Smith Barney LLC on the NYSE, with an aggregate market value of $17,037,500.00.

Who is the selling security holder in MP's Form 144 notice?

The person for whose account the MP shares are to be sold is identified as the JAMES HENRY LITINSKY REVOCABLE TRUST U/A DTD 10/19/2011, listed with a Las Vegas, Nevada address.

How many MP shares does the Form 144 say will be sold and when?

The notice covers 272,600 MP common shares, with an approximate sale date of 01/08/2026, to be executed on the NYSE.

What prior MP stock sales by the trust are reported in the last three months?

The trust’s reported MP common stock sales include 27,400 shares on 01/07/2026, 385,000 shares on 12/05/2025, and 248,411 shares on 11/20/2025, each with stated gross proceeds.

What is the origin of the MP shares being sold under this Form 144?

The filing describes the MP shares as Founder Shares acquired from the issuer on 11/17/2020, in an amount of 272,600 common shares.

How many MP shares are outstanding according to the Form 144?

The Form 144 states that there are 177,230,483 MP common shares outstanding.

Does the seller make any representation about undisclosed negative information on MP?

By signing the notice, the seller represents that they do not know any material adverse information about MP’s current or prospective operations that has not been publicly disclosed.