MP Materials (NYSE: MP) legal chief sells 7,823 shares via plan
Rhea-AI Filing Summary
MP Materials Corp.'s General Counsel and Secretary, Elliot Dean Hoops, reported a planned stock sale under a pre-arranged Rule 10b5-1 trading plan. On January 20, 2026, he sold 7,823 shares of common stock at a weighted average price of $68.21 per share, with individual trades executed between $68.00 and $68.55. Following the sale, he beneficially owned 74,967 shares directly and an additional 1,000 shares indirectly held by his spouse.
Positive
- None.
Negative
- None.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 7,823 | $68.21 | $534K |
| holding | Common Stock | -- | -- | -- |
Footnotes (1)
- The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on February 26, 2025. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $68.00 to $68.55. The reporting person undertakes to provide to MP Materials Corp., any security holder of MP Materials Corp., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in footnote (2) to this Form 4.
FAQ
What insider transaction did MP (MP Materials Corp.) report?
MP Materials Corp. reported that its General Counsel and Secretary, Elliot Dean Hoops, sold 7,823 shares of common stock on January 20, 2026.
At what price did Elliot Dean Hoops sell MP common stock?
The weighted average price for the sale was $68.21 per share, with individual trades executed between $68.00 and $68.55.
Was the MP insider sale made under a trading plan?
Yes. The filing states the sales were made under a Rule 10b5-1 trading plan adopted by Elliot Dean Hoops on February 26, 2025.
What does the weighted average price disclosure mean in this MP Form 4?
It means the $68.21 price is an average across multiple trades executed between $68.00 and $68.55. The insider offers to provide detailed trade data upon request.
What is Elliot Dean Hoops’ role at MP Materials Corp.?
He is an officer of MP Materials Corp., serving as General Counsel and Secretary, and is the reporting person on this Form 4.