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[Form 4] USA Rare Earth, Inc. Insider Trading Activity

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(Low)
Filing Sentiment
(Neutral)
Form Type
4
Rhea-AI Filing Summary

Form 4 disclosure for USA Rare Earth, Inc. (USAR) shows pro rata, no-consideration distributions of common stock by two Bayshore-related entities on 09/15/2025. Bayshore Rare Earths II, LLC distributed 5,904,264 shares and Bayshore Rare Earths, LLC distributed 1,811,814 shares to their members under their LLC agreements. Following those distributions, certain related entities and individuals hold specified amounts: 59,011 shares to Bayshore, 326,318 to Bayshore MGR, 123,711 to BPF II GP, and 117,473 to Tready Smith. Bayshore Capital Advisors, LLC serves as adviser and the filings clarify voting and dispositive control arrangements and disclaimers of beneficial ownership by Ms. Smith, with the disclosures relying on Rule 16a-13 exemption for changes in form of ownership.

La disclosure del Form 4 per USA Rare Earth, Inc. (USAR) mostra distribuzioni pro rata senza corrispettivo di azioni ordinarie effettuate da due entità legate a Bayshore il 15/09/2025. Bayshore Rare Earths II, LLC ha distribuito 5.904.264 azioni e Bayshore Rare Earths, LLC 1.811.814 azioni ai propri soci secondo i rispettivi accordi LLC. A seguito di tali distribuzioni, alcune entità e individui correlati possiedono importi specifici: 59.011 azioni per Bayshore, 326.318 per Bayshore MGR, 123.711 per BPF II GP e 117.473 per Tready Smith. Bayshore Capital Advisors, LLC funge da consulente e gli atti chiariscono le modalità di controllo votante e dispositiva, nonché le esclusioni di proprietà beneficiaria da parte della signora Smith; le rivelazioni si basano sull’esenzione della Rule 16a-13 per cambiamenti nella forma di proprietà.

La divulgación del Form 4 para USA Rare Earth, Inc. (USAR) muestra distribuciones pro rata sin contraprestación de acciones ordinarias por dos entidades vinculadas a Bayshore con fecha 15/09/2025. Bayshore Rare Earths II, LLC distribuyó 5.904.264 acciones y Bayshore Rare Earths, LLC distribuyó 1.811.814 acciones a sus miembros conforme a sus acuerdos de LLC. Tras esas distribuciones, ciertas entidades y personas relacionadas mantienen montos específicos: 59.011 acciones para Bayshore, 326.318 para Bayshore MGR, 123.711 para BPF II GP y 117.473 para Tready Smith. Bayshore Capital Advisors, LLC actúa como asesor y los archivos aclaran las estructuras de control de voto y de disponer y las exenciones de propiedad beneficiosa por parte de la Sra. Smith, con las revelaciones basadas en la exención de la Regla 16a-13 para cambios en la forma de propiedad.

USA Rare Earth, Inc. (USAR)에 대한 Form 4 공시는 2025년 9월 15일에 Bayshore 관련 두 개체에 의해 주당 비례 배당으로 무보상 보통주 분배를 보여줍니다. Bayshore Rare Earths II, LLC는 5,904,264주를, Bayshore Rare Earths, LLC는 1,811,814주를 LLC 계약에 따라 회원들에게 분배했습니다. 이러한 분배 이후 관련 관계사 및 개인이 보유한 구체적 수량은 Bayshore에 59,011주, Bayshore MGR에 326,318주, BPF II GP에 123,711주, Tready Smith에 117,473주입니다. Bayshore Capital Advisors, LLC는 자문사로서 역할을 하며, 의결 및 처분 지배 구조와 Smith 여사에 대한 유익 소유권 포기에 대한 분쟁 없이 설명되며, 변경 형태의 소유에 대한 예외로 Rule 16a-13을 신뢰합니다.

La divulgation du Form 4 pour USA Rare Earth, Inc. (USAR) montre des distributions pro rata sans contrepartie d’actions ordinaires par deux entités liées à Bayshore le 15/09/2025. Bayshore Rare Earths II, LLC a distribué 5 904 264 actions et Bayshore Rare Earths, LLC 1 811 814 actions à leurs membres selon leurs accords de LLC. Suite à ces distributions, certaines entités et personnes associées détiennent des montants précis : 59 011 actions pour Bayshore, 326 318 pour Bayshore MGR, 123 711 pour BPF II GP et 117 473 pour Tready Smith. Bayshore Capital Advisors, LLC agit comme conseiller et les dépôts précisent les mécanismes de contrôle de vote et de disposition et les exclusions de propriété bénéficiaire par Mme Smith, les divulgations s’appuyant sur l’exemption Rule 16a-13 concernant les changements de forme de propriété.

Die Form-4-Offenlegung für USA Rare Earth, Inc. (USAR) zeigt anteilige, uneigennützige Verteilungen von Stammaktien durch zwei Bayshore-bezogene Einheiten am 15.09.2025. Bayshore Rare Earths II, LLC verteilte 5.904.264 Aktien und Bayshore Rare Earths, LLC 1.811.814 Aktien an ihre Mitglieder gemäß ihren LLC-Verträgen. Nach diesen Verteilungen halten bestimmte verbundene Einheiten und Personen folgende Beträge: 59.011 Aktien an Bayshore, 326.318 an Bayshore MGR, 123.711 an BPF II GP und 117.473 an Tready Smith. Bayshore Capital Advisors, LLC fungiert als Berater, und die Einreichungen erläutern Abstimmungs- und dispositive Kontrollstrukturen sowie Ausschlüsse der wirtschaftlichen Berechtigung durch Frau Smith; die Offenlegungen stützen sich auf die Rule 16a-13-Ausnahme für Änderungen der Eigentumsform.

يكشف نموذج 4 الخاص بشركة USA Rare Earth, Inc. (USAR) عن توزيعات نسبية بدون مقابل من الأسهم العادية من كيانين مرتبطين بـ Bayshore في 15/09/2025. قامت Bayshore Rare Earths II, LLC بتوزيع 5,904,264 سهماً وتوزعت Bayshore Rare Earths, LLC 1,811,814 سهماً لمراجعيهم وفق اتفاقيات LLC الخاصة بهم. عقب هذه التوزيعات، تتحمل كيانات وأفراد مرتبطين مبالغ محددة: 59,011 سهماً لـ Bayshore، و326,318 لـ Bayshore MGR، و123,711 لـ BPF II GP، و117,473 لـ Tready Smith. تعمل Bayshore Capital Advisors, LLC كمستشار وتوضح الملفات ترتيبات السيطرة التصويتية والتصرفية وتنازلات الملكية المستفيدة من قبل السيدة Smith، مع اعتماد الإفصاءات على استثناء القاعدة 16a-13 لتغيّر شكل الملكية.

USA Rare Earth, Inc.（USAR）的 Form 4 披露显示在 2025-09-15 由两家与 Bayshore 相关的实体按比例无对价地分发普通股。Bayshore Rare Earths II, LLC 分发了 5,904,264 股，Bayshore Rare Earths, LLC 按其 LLC 协议向其成员分发了 1,811,814 股。分发后，相关实体和个人持有以下指定数量的股份：Bayshore 60,011 股，Bayshore MGR 326,318 股，BPF II GP 123,711 股，Tready Smith 117,473 股。Bayshore Capital Advisors, LLC 担任顾问，文件阐明投票与处置控制安排，以及对 Smith 女士的有益所有权的免责声明，并且披露基于 Rule 16a-13 的所有权形式变更豁免。

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Insights

TL;DR: This Form 4 reports in-kind distributions from affiliated entities and relies on Rule 16a-13 exemptions; disclosures clarify control and disclaimers.

The filing documents two pro rata distributions of common stock by Bayshore-affiliated entities on 09/15/2025, triggering Form 4 reporting of resulting holdings across affiliated entities and an individual. The filing explicitly cites Rule 16a-13 to treat these as changes in form of ownership, exempting the transfers from Section 16 reporting. Important compliance elements are present: identification of reporting persons, transaction dates, aggregate share counts, and explicit disclaimers of beneficial ownership while noting voting and dispositive control by the CEO of the adviser. No derivative transactions or prices are reported.

TL;DR: Governance disclosure is detailed on ownership and control; transfers are internal distributions, not sales.

The disclosure provides granular footnotes linking direct holdings to intermediary entities (BRE II, BRE, Bayshore MGR, BPF II GP) and explains that Tready Smith exercises voting/dispositive control as CEO of the adviser but disclaims beneficial ownership except for pecuniary interest. The statement and exhibits referenced support transparency around related-party distributions. The filing does not report any cash consideration, option exercises, or changes to executive roles; it records reallocation of shares among related entities and members under LLC agreements.

La disclosure del Form 4 per USA Rare Earth, Inc. (USAR) mostra distribuzioni pro rata senza corrispettivo di azioni ordinarie effettuate da due entità legate a Bayshore il 15/09/2025. Bayshore Rare Earths II, LLC ha distribuito 5.904.264 azioni e Bayshore Rare Earths, LLC 1.811.814 azioni ai propri soci secondo i rispettivi accordi LLC. A seguito di tali distribuzioni, alcune entità e individui correlati possiedono importi specifici: 59.011 azioni per Bayshore, 326.318 per Bayshore MGR, 123.711 per BPF II GP e 117.473 per Tready Smith. Bayshore Capital Advisors, LLC funge da consulente e gli atti chiariscono le modalità di controllo votante e dispositiva, nonché le esclusioni di proprietà beneficiaria da parte della signora Smith; le rivelazioni si basano sull’esenzione della Rule 16a-13 per cambiamenti nella forma di proprietà.

La divulgación del Form 4 para USA Rare Earth, Inc. (USAR) muestra distribuciones pro rata sin contraprestación de acciones ordinarias por dos entidades vinculadas a Bayshore con fecha 15/09/2025. Bayshore Rare Earths II, LLC distribuyó 5.904.264 acciones y Bayshore Rare Earths, LLC distribuyó 1.811.814 acciones a sus miembros conforme a sus acuerdos de LLC. Tras esas distribuciones, ciertas entidades y personas relacionadas mantienen montos específicos: 59.011 acciones para Bayshore, 326.318 para Bayshore MGR, 123.711 para BPF II GP y 117.473 para Tready Smith. Bayshore Capital Advisors, LLC actúa como asesor y los archivos aclaran las estructuras de control de voto y de disponer y las exenciones de propiedad beneficiosa por parte de la Sra. Smith, con las revelaciones basadas en la exención de la Regla 16a-13 para cambios en la forma de propiedad.

USA Rare Earth, Inc. (USAR)에 대한 Form 4 공시는 2025년 9월 15일에 Bayshore 관련 두 개체에 의해 주당 비례 배당으로 무보상 보통주 분배를 보여줍니다. Bayshore Rare Earths II, LLC는 5,904,264주를, Bayshore Rare Earths, LLC는 1,811,814주를 LLC 계약에 따라 회원들에게 분배했습니다. 이러한 분배 이후 관련 관계사 및 개인이 보유한 구체적 수량은 Bayshore에 59,011주, Bayshore MGR에 326,318주, BPF II GP에 123,711주, Tready Smith에 117,473주입니다. Bayshore Capital Advisors, LLC는 자문사로서 역할을 하며, 의결 및 처분 지배 구조와 Smith 여사에 대한 유익 소유권 포기에 대한 분쟁 없이 설명되며, 변경 형태의 소유에 대한 예외로 Rule 16a-13을 신뢰합니다.

La divulgation du Form 4 pour USA Rare Earth, Inc. (USAR) montre des distributions pro rata sans contrepartie d’actions ordinaires par deux entités liées à Bayshore le 15/09/2025. Bayshore Rare Earths II, LLC a distribué 5 904 264 actions et Bayshore Rare Earths, LLC 1 811 814 actions à leurs membres selon leurs accords de LLC. Suite à ces distributions, certaines entités et personnes associées détiennent des montants précis : 59 011 actions pour Bayshore, 326 318 pour Bayshore MGR, 123 711 pour BPF II GP et 117 473 pour Tready Smith. Bayshore Capital Advisors, LLC agit comme conseiller et les dépôts précisent les mécanismes de contrôle de vote et de disposition et les exclusions de propriété bénéficiaire par Mme Smith, les divulgations s’appuyant sur l’exemption Rule 16a-13 concernant les changements de forme de propriété.

Die Form-4-Offenlegung für USA Rare Earth, Inc. (USAR) zeigt anteilige, uneigennützige Verteilungen von Stammaktien durch zwei Bayshore-bezogene Einheiten am 15.09.2025. Bayshore Rare Earths II, LLC verteilte 5.904.264 Aktien und Bayshore Rare Earths, LLC 1.811.814 Aktien an ihre Mitglieder gemäß ihren LLC-Verträgen. Nach diesen Verteilungen halten bestimmte verbundene Einheiten und Personen folgende Beträge: 59.011 Aktien an Bayshore, 326.318 an Bayshore MGR, 123.711 an BPF II GP und 117.473 an Tready Smith. Bayshore Capital Advisors, LLC fungiert als Berater, und die Einreichungen erläutern Abstimmungs- und dispositive Kontrollstrukturen sowie Ausschlüsse der wirtschaftlichen Berechtigung durch Frau Smith; die Offenlegungen stützen sich auf die Rule 16a-13-Ausnahme für Änderungen der Eigentumsform.

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
X
 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Bayshore Capital Advisors, LLC
(Last) (First) (Middle)
1700 S. MACDILL AVENUE, SUITE 340
(Street)
TAMPA FL 33629
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
USA Rare Earth, Inc. [ USAR ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
09/15/2025
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, par value $0.0001 per share 09/15/2025 J(3)(7) 5,904,264 D (3) 5,904,265 I See footnote(1)
Common Stock, par value $0.0001 per share 09/15/2025 J(4)(7) 1,811,814 D (4) 1,811,815 I See footnote(2)
Common Stock, par value $0.0001 per share 59,011(7) D
Common Stock, par value $0.0001 per share 326,318(7) I See footnote(5)
Common Stock, par value $0.0001 per share 123,711(7) I See footnote(6)
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*
Bayshore Capital Advisors, LLC
(Last) (First) (Middle)
1700 S. MACDILL AVENUE, SUITE 340
(Street)
TAMPA FL 33629
(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*
Bayshore Rare Earths II, LLC
(Last) (First) (Middle)
1700 S. MACDILL AVENUE, SUITE 340
(Street)
TAMPA FL 33629
(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. The reported securities are held directly by Bayshore Rare Earths II, LLC ("BRE II"). Bayshore Capital Advisors, LLC ("Bayshore") serves as an investment advisor to BRE II. Tready Smith is the Chief Executive Officer of Bayshore and exercises sole voting and dispositive control over the securities held by BRE II. Ms. Smith disclaims beneficial ownership of all securities held by BRE II, except to the extent of her pecuniary interest therein.
2. The reported securities are held directly by Bayshore Rare Earths, LLC ("BRE"), which is a wholly-owned subsidiary of Bayshore Partners Fund II, LP ("BPF II"). Bayshore serves as an investment advisor to BPF II. Ms. Smith is the Chief Executive Officer of Bayshore and exercises sole voting and dispositive control over the securities held by BRE. Ms. Smith disclaims beneficial ownership of all securities held by BRE, except to the extent of her pecuniary interest therein.
3. On September 15, 2025, BRE II distributed an aggregate of 5,904,264 shares of common stock, par value $0.0001 per share of the Issuer ("Common Stock") to its members as a pro rata distribution for no consideration in accordance with the terms of its limited liability company agreement. Under Rule 16a-13 promulgated under the Securities Exchange Act of 1934, as a change in form of beneficial ownership, the reported distribution by BRE II (as it relates to Ms. Smith's deemed beneficial ownership of the securities held by BRE II) to its members was exempt from Section 16 of the Securities Exchange Act of 1934.
4. On September 15, 2025, BRE distributed an aggregate of 1,811,814 shares of Common Stock to its members as a pro rata distribution for no consideration in accordance with the terms of its limited liability company agreement. Under Rule 16a-13 promulgated under the Securities Exchange Act of 1934, as a change in form of beneficial ownership, the reported distribution by BRE (as it relates to Ms. Smith's deemed beneficial ownership of the securities held by BRE) to its members was exempt from Section 16 of the Securities Exchange Act of 1934.
5. The reported securities are held directly by Bayshore MGR, LLC ("Bayshore MGR"), which is a wholly-owned subsidiary of Bayshore. Ms. Smith is the Chief Executive Officer of Bayshore and exercises sole voting and dispositive control over the securities held by Bayshore MGR. Ms. Smith disclaims beneficial ownership of all securities held by Bayshore MGR, except to the extent of her pecuniary interest therein.
6. The reported securities are held directly by BPF II GP, LLC ("BPF II GP"), which is a majority-owned subsidiary of Bayshore. Ms. Smith is the Chief Executive Officer of Bayshore and exercises sole voting and dispositive control over the securities held by BPF II GP. Ms. Smith disclaims beneficial ownership of all securities held by BPF II GP, except to the extent of her pecuniary interest therein.
7. In the distributions described in Notes 3 and 4 above, an aggregate of 59,011 shares of Common Stock were distributed to Bayshore, 326,318 shares of Common Stock were distributed to Bayshore MGR, 123,711 shares of Common Stock were distributed to BPF II GP, and 117,473 shares of Common Stock were distributed to Ms. Smith. Under Rule 16a-13 promulgated under the Securities Exchange Act of 1934, as a change in form of beneficial ownership, the acquisitions by Ms. Smith, Bayshore, Bayshore MGR and BPF II GP from BRE II and BRE, were exempt from Section 16 of the Securities Exchange Act of 1934. Ms. Smith disclaims beneficial ownership of all securities held by the Bayshore MGR and BPF II GP, except to the extent of her pecuniary interest therein.
Remarks:
Exhibit 24.1 and Exhibit 24.2
/s/ David Kronenfeld, attorney-in-fact for Bayshore Capital Advisors, LLC 09/18/2025
/s/ David Kronenfeld, attorney-in-fact for Bayshore Rare Earths II, LLC 09/18/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What transactions does the USAR Form 4 report?

Answer: It reports pro rata, no-consideration distributions of common stock on 09/15/2025 by Bayshore Rare Earths II, LLC (5,904,264 shares) and Bayshore Rare Earths, LLC (1,811,814 shares).

How many shares were distributed to individuals or related entities?

Answer: The filing states 59,011 shares to Bayshore, 326,318 to Bayshore MGR, 123,711 to BPF II GP, and 117,473 to Tready Smith as part of the distributions.

Did the Form 4 report any sales or cash proceeds?

Answer: No. The distributions were made for no consideration and are described as in-kind pro rata distributions under the LLC agreements.

Does Tready Smith retain voting or dispositive control over the reported shares?

Answer: Yes. The filing states Ms. Smith, as CEO of Bayshore, exercises sole voting and dispositive control over securities held by the affiliated entities but disclaims beneficial ownership except to the extent of pecuniary interest.

What exemption is cited for these transactions?

Answer: The filing cites Rule 16a-13 treating the distributions as changes in form of beneficial ownership exempt from Section 16 reporting.
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USA Rare Earth Inc

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USARW Latest SEC Filings

Sep 17, 2025
[SCHEDULE 13D/A] USA Rare Earth, Inc. SEC Filing
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[SCHEDULE 13G/A] USA Rare Earth, Inc. SEC Filing
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[SCHEDULE 13D/A] USA Rare Earth, Inc. Warrant SEC Filing
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[Form 4] USA Rare Earth, Inc. Warrant Insider Trading Activity
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[Form 4] USA Rare Earth, Inc. Warrant Insider Trading Activity

USARW Stock Data

87.19M
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