Randall J. Scott - Dec 2, 2021 Form 4 Insider Report for RARE ELEMENT RESOURCES LTD (REEMF)

Role
President and CEO, Director
Signature
/s/ Randall J. Scott
Stock symbol
REEMF
Transactions as of
Dec 2, 2021
Transactions value $
-$195,000
Form type
4
Date filed
12/3/2021, 03:29 PM
Previous filing
Nov 22, 2021
Next filing
Jan 7, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REEMF Common Shares Options Exercise $62.5K +250K +1785.59% $0.25 264K Dec 2, 2021 Direct
transaction REEMF Common Shares Sale -$258K -250K -94.7% $1.03 14K Dec 2, 2021 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 REEMF Stock Option (Right to Buy) Options Exercise $0 -250K -100% $0.00* 0 Dec 2, 2021 Common Shares 250K $0.25 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $1.00 to $1.24, inclusive. The Reporting Person undertakes to provide to Rare Element Resources Ltd. ("Rare Element"), any security holder of Rare Element, 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 this Footnote 1 to this Form 4.
F2 The option vested and became exercisable as follows: 125,000 on 11/17/2018 and 125,000 on 11/17/2019.