COO Steve Ridge retires from USA Rare Earth; receives $5,000 cash and $450K RSU grant

USA Rare Earth, Inc.

Steve Ridge, COO, retired effective July 4, 2025; will serve as part-time consultant for three months at $150/hour.
Separation benefits: $5,000 lump sum cash and RSUs with grant date value of $450,000, vesting January 1, 2026.
Consulting period may be terminated early by Company; standard release and restrictive covenants apply.
Board may waive lock-up obligations under Section 37(c) of the Company's Bylaws.

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