Michael Blitzer - 20 May 2026 Form 4 Insider Report for USA Rare Earth, Inc. (USAR)

Reporting relationship: Director
Issuer ticker: USAR
Reported as of: 20 May 2026
Net transaction value: $0
SEC form: 4
Accepted by SEC: 21 May 2026, 18:35:04 UTC
Prior SEC filing: 20 May 2026
Next SEC filing: 04 Jun 2026
Source filing: View source filing
Reporting owner signature: /s/ Michael Blitzer

Key filing fact

Michael Blitzer filed Form 4 for USA Rare Earth, Inc. (USAR) on 21 May 2026.

Key facts

This page summarizes Michael Blitzer's Form 4 filing for USA Rare Earth, Inc. (USAR).
4 reported transactions and 2 derivative rows are listed below.
Accepted by SEC: 21 May 2026, 18:35.

Change

Previous filing in this sequence was filed on 20 May 2026.
Current net transaction value: $0.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reporting Owners (1)

CIK 0001458423 Primary reporting owner

BLITZER MICHAEL

Relationship: Director
Address: 167 MADISON AVENUE, SUITE 205 #1017, NEW YORK
Signature: /s/ Michael Blitzer
Signature date: 21 May 2026

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

USAR transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
Shares: +12,284
Change %: +1.4%
Price: $0.000000^*
Shares after: 859,784
Date: 20 May 2026
Ownership: Direct

USAR transaction

Common Stock, par value $0.0001 per share

Options Exercise

Transaction value
Shares: +18,199
Change %: +2.1%
Price: $0.000000^*
Shares after: 877,983
Date: 20 May 2026
Ownership: Direct

USAR holding

Common Stock, par value $0.0001 per share

No transaction description listed

Transaction value
Shares
Change %
Price
Shares after: 3,125,000
Date: 20 May 2026
Ownership: By Inflection Point Holdings II LLC
Footnotes: F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

USAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -12,284
Change %: -100%
Price
Shares after: 0
Date: 20 May 2026
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share
Underlying amount: 12,284
Exercise price
Footnotes: F2, F3

USAR transaction Derivative

Restricted Stock Units

Options Exercise

Transaction value
Shares: -18,199
Change %: -100%
Price
Shares after: 0
Date: 20 May 2026
Ownership: Direct
Underlying class: Common Stock, par value $0.0001 per share
Underlying amount: 18,199
Exercise price
Footnotes: F2, F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 3 footnotes

Footnote F1

Inflection Point Holdings II LLC ("IPH") is the record holder of such securities. Michael Blitzer is the sole Managing Member of IPH and shares voting and investment discretion with respect to the securities held by IPH. Michael Blitzer disclaims any beneficial ownership of the securities held by IPH other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Footnote F2

Restricted stock units convert into common stock on a one-for-one basis.

Footnote F3

On August 13, 2025, the reporting person was granted the reported restricted stock units which vested in full on May 20, 2026.

SEC remarks

IPH may be deemed a director by deputization by virtue of its representation on the board of directors of the Issuer. Michael Blitzer is Chairman of the board of directors of the Issuer.