Form 4: MP Materials Corp. Executive Elliot Dean Hoops Reports Gift of Shares to Family Trust

Elliot Dean Hoops, General Counsel and Secretary of MP Materials Corp., reported a gift of common stock to the Hoops Family Trust on February 13, 2025.

Summary

• On February 13, 2025, Elliot Dean Hoops, General Counsel and Secretary of MP Materials Corp., reported a transaction involving the company's common stock.
• Hoops gifted 10,899 shares of common stock to the Hoops Family Trust.
• Following the transaction, Hoops directly owns 78,856 shares and indirectly owns 19,013 shares through the Hoops Family Trust.
• Hoops also indirectly owns 1,000 shares through his spouse.

Sentiment

Score: 5

Explanation: The document is a standard regulatory filing related to a gift of shares. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of a transaction by a company insider and doesn't necessarily reflect broader industry trends.

Related Party Transactions

• The gift of shares to the Hoops Family Trust constitutes a related party transaction.

Stakeholder Impact

• The transaction has minimal direct impact on stakeholders as it is a transfer of shares from an individual to a family trust.

Key Dates

Keywords

MP Materials Corp., Elliot Dean Hoops, Form 4, Beneficial Ownership, Common Stock, Hoops Family Trust, Gift, Shares