MP Materials CEO sells 300,000 shares via trust
MP Materials Chairman and CEO James H. Litinsky reported open-market sales of a total of 300,000 shares of Common Stock through a revocable trust he controls.
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Rhea-AI Filing Summary
MP Materials Chairman and CEO James H. Litinsky reported open-market sales of a total of 300,000 shares of Common Stock through a revocable trust he controls. The sales occurred on May 12–13 at weighted average prices ranging from about $64 to $67 per share.
After these transactions, the trust holds 12,205,965 MP shares indirectly, while Litinsky also holds 216,397 shares directly. The filing describes the sale prices as weighted averages across multiple individual trades within the stated price ranges.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Sale | Common Stock | 93,959 | $65.31 | $6.14M |
| Sale | Common Stock | 83,229 | $64.93 | $5.40M |
| Sale | Common Stock | 19,844 | $67.12 | $1.33M |
| Sale | Common Stock | 102,968 | $65.67 | $6.76M |
| holding | Common Stock | -- | -- | -- |
Footnotes (5)
- F1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $67.00 to $67.46. 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 (1) to this Form 4.
- F2. James Litinsky as sole trustee of the James Henry Litinsky, Trustee of James Henry Litinsky Revocable Trust u/a/d 10/19/2011.
- F3. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.50 to $65.94. 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 (3) to this Form 4.
- F4. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $65.10 to $65.60. 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 (4) to this Form 4.
- F5. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $64.10 to $65.09. 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 (5) to this Form 4.
Key Figures
Key Terms
open-market sale financial
weighted average price financial
indirect ownership financial
Form 4 regulatory
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