MP Materials Chairman and CEO James H. Litinsky sold approximately $26.2 million in company stock. The transactions occurred between May 27 and May 29, 2026. He offloaded a total of 400,900 shares. Weighted average execution prices ranged from $64.56 to $68.18 per share.
A Form 4 filing with the SEC confirmed the sales occurred indirectly through the James Henry Litinsky Revocable Trust. Litinsky has now sold more than 1.6 million shares over the last six months.
The CEO remains a major shareholder in the rare earth materials producer. He retains more than 11.8 million indirect shares through his trust. Litinsky also maintains direct ownership of 216,397 shares.