SHONK LOWELL A exercised options at RARE ELEMENT RESOURCES LTD

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 5 exercises

SHONK LOWELL A

Filed: 10/18/2021ACC: 0001567619-21-018398

InsiderSHONK LOWELL ACIK 1575305

→

IssuerRARE ELEMENT RESOURCES LTDCIK 1419806

Director

Since Feb 2019

0.00

Net shares

Net seller

$83.5K

Total acquired

Open market trades

0B · 0S

Total transactions

500K acquired · 500K disposed

Non-Derivative Transactions5

Common Shares

Direct

M · Option Exercise

+125K

Price / share

$0.04

Trade value

$5K

% of position

208.3%

10/15/2021

60K→185K

Common Shares

Direct

M · Option Exercise

+125K

Price / share

$0.04

Trade value

$5K

% of position

67.6%

10/15/2021

185K→310K

Common Shares

Direct

M · Option Exercise

+100K

Price / share

$0.25

Trade value

$25K

% of position

32.3%

10/15/2021

310K→410K

Common Shares

Direct

M · Option Exercise

+100K

Price / share

$0.07

Trade value

$7K

% of position

24.4%

10/15/2021

410K→510K

Common Shares

Direct

M · Option Exercise

+50K

Price / share

$0.83

Trade value

$41.50K

% of position

9.8%

10/15/2021

510K→560K

Total

Net shares

+500K

Net value

$83.50K

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Shares Direct	10/15/2021	M · Option Exercise	+125K	$0.04	$5K	208.3%	60K	185K
Common Shares Direct	10/15/2021	M · Option Exercise	+125K	$0.04	$5K	67.6%	185K	310K
Common Shares Direct	10/15/2021	M · Option Exercise	+100K	$0.25	$25K	32.3%	310K	410K
Common Shares Direct	10/15/2021	M · Option Exercise	+100K	$0.07	$7K	24.4%	410K	510K
Common Shares Direct	10/15/2021	M · Option Exercise	+50K	$0.83	$41.50K	9.8%	510K	560K
Total			+500K		$83.50K

Derivative Transactions5

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Shares

125K shares

−125K

Strike price

0.04

Held after

0.00

Exercisable

—

10/15/2021

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Shares

125K shares

−125K

Strike price

0.04

Held after

0.00

Exercisable

—

10/15/2021

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Shares

100K shares

−100K

Strike price

0.25

Held after

0.00

Exercisable

—

10/15/2021

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Shares

100K shares

−100K

Strike price

0.07

Held after

0.00

Exercisable

—

10/15/2021

Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Shares

50K shares

−50K

Strike price

0.83

Held after

50K

Exercisable

—

10/15/2021

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable	Held After
Stock Option (Right to Buy) Direct	Common Shares125K shares	10/15/2021	M · Option Exercise	−125K	0.04	—	0.00
Stock Option (Right to Buy) Direct	Common Shares125K shares	10/15/2021	M · Option Exercise	−125K	0.04	—	0.00
Stock Option (Right to Buy) Direct	Common Shares100K shares	10/15/2021	M · Option Exercise	−100K	0.25	—	0.00
Stock Option (Right to Buy) Direct	Common Shares100K shares	10/15/2021	M · Option Exercise	−100K	0.07	—	0.00
Stock Option (Right to Buy) Direct	Common Shares50K shares	10/15/2021	M · Option Exercise	−50K	0.83	—	50K