Wayne Rich - 28 Mar 2022 Form 4 Insider Report for RARE ELEMENT RESOURCES LTD (REEMF)

Signature
/s/ Randall J. Scott as Attorney-in-Fact for Wayne Rich
Issuer symbol
REEMF
Transactions as of
28 Mar 2022
Net transactions value
$0
Form type
4
Filing time
30 Mar 2022, 16:08:30 UTC
Next filing
06 Jan 2023

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) Award $0 +125,000 $0.000000* 0 28 Mar 2022 Common Shares 125,000 $1.20 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The options will vest and become exercisable as follows: 41,666 on March 28, 2023, 41,667 on March 28, 2024, and 41,667 on March 28, 2025.