Gerald W. Grandey - Feb 13, 2025 Form 4 Insider Report for RARE ELEMENT RESOURCES LTD (REEMF)

Role
Director
Signature
/s/ Wayne Rich as Attorney-in-Fact for Gerald W. Grandey
Stock symbol
REEMF
Transactions as of
Feb 13, 2025
Transactions value $
$141
Form type
4
Date filed
2/18/2025, 05:04 PM
Previous filing
Mar 18, 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction REEMF Common Shares Options Exercise $125K +150K +3.14% $0.83 4.92M Feb 13, 2025 Direct
transaction REEMF Common Shares Tax liability -$124K -141K -2.87% $0.88 4.78M Feb 13, 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 REEMF Stock Option (Right to Buy) Options Exercise $0 -150K -100% $0.00 0 Feb 13, 2025 Common Shares 150K $0.83 Direct F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the number of shares withheld by the Company to satisfy the exercise price in connection with the net settlement of options, and does not represent a sale of any shares by Mr. Grandey.
F2 The option vested and became exercisable as follows: 75,000 on 02/13/2021 and 75,000 on 02/13/2022.