BEP Special Situations IV LLC - 04 Dec 2025 Form 4 Insider Report for 5E Advanced Materials, Inc. (FEAM)

Role: Director, 10%+ Owner
Signature: /s/ Jonathan Siegler, Managing Director and Chief Financial Officer, on behalf of BEP Special Situations IV LLC
Issuer symbol: FEAM
Transactions as of: 04 Dec 2025
Net transactions value: +$1,000,006
Form type: 4
Filing time: 08 Dec 2025, 16:45:18 UTC
Previous filing: 27 Aug 2025
Next filing: 04 Feb 2026
SEC: View on sec.gov

Reporting Owners (2)

Name	Relationship	Address	Signature	Signature date	CIK
BEP Special Situations IV LLC	Director, 10%+ Owner	300 CRESCENT COURT, SUITE 1860, DALLAS	/s/ Jonathan Siegler, Managing Director and Chief Financial Officer, on behalf of BEP Special Situations IV LLC	08 Dec 2025	0001942792
Bluescape Energy Partners IV GP LLC	Director, 10%+ Owner	300 CRESCENT COURT, SUITE 1860, DALLAS	/s/ Jonathan Siegler, Managing Director and Chief Financial Officer, on behalf of Bluescape Resources GP Holdings LLC, managing member of Bluescape Energy Partners IV GP LLC	08 Dec 2025	0001942819

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	FEAM	Common Stock	Options Exercise	$10,000,000	+2,816,346	+37%	$3.55	10,413,695	04 Dec 2025	Direct	F1
transaction	FEAM	Common Stock	Tax liability	$8,999,993	-2,282,698	-22%	$3.94	8,130,997	04 Dec 2025	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	FEAM	Warrants	Options Exercise		-2,816,346	-100%		0	04 Dec 2025	Common Stock	2,816,346	$3.55	Direct	F1, F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Bluescape Energy Partners IV GP LLC ("Bluescape GP") is the general partner of Bluescape Energy Recapitalization and Restructuring Fund IV LP, which wholly owns BEP Special Situations IV LLC ("Bluescape", together with Bluescape GP, the "Reporting Persons"). As such, Bluescape GP may be deemed to have beneficial ownership of the securities held by Bluescape. Each Reporting Person disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership of the reported securities for purposes of Section 16 or for any other purposes.
F2	The warrants are currently exercisable and will expire on March 13, 2026.
F3	The warrants were acquired pursuant to a Subscription Agreement dated January 14, 2025 among the Issuer, Bluescape, Ascend Global Investment Fund SPC and Meridian Investments Corporation.