SEC FORM 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person ^*

BEP Special Situations IV LLC

(Last)

(First)

(Middle)

300 CRESCENT COURT

SUITE 1860

(Street)

DALLAS

75201

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
5E Advanced Materials, Inc. [ FEAM ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
09/30/2026

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Stock Unit	⁽¹⁾	09/30/2026		A⁽²⁾		7,634		⁽³⁾	⁽³⁾	Common Stock	7,634	$ 0	7,634	I	See footnotes ⁽²⁾ ⁽⁴⁾

Explanation of Responses:

1. Each restricted stock unit represents a contingent right to receive one share of the Issuer's common stock.

2. Jonathan Siegler, a director on the Issuer's board and director designee of the Reporting Persons, has entered into an agreement with Bluescape Energy Partners LLC ("Bluescape Energy Partners") pursuant to which the foregoing individual has irrevocably assigned to Bluescape Energy Partners any and all rights and interests in the common stock underlying the equity compensation that he will receive for serving as a director of the Issuer, including the equity awards reported herein.

3. The award will vest on July 1, 2027, subject to Jonathan Siegler continuing to serve as a director of the Issuer through the vesting date.

4. C. John Wilder is the controlling member of Bluescape Resources Co LLC which, in turn, is the controlling member of each of Bluescape Energy Partners LLC and Bluescape Resources GP Holdings LLC ("Bluescape Resources GP"). Bluescape Resources GP is the controlling member of Bluescape Energy Partners IV GP LLC, which is the general partner of Bluescape Energy Recapitalization and Restructuring Fund IV LP, which is the controlling member of BEP Special Situations IV LLC, which is also a registered holder of securities of the Issuer. Each Reporting Person herein disclaims beneficial ownership of these securities, except to the extent of such Reporting Person's pecuniary interest therein.

	/s/ BEP Special Situations IV LLC	10/01/2026
	** Signature of Reporting Person	Date
	/s/ Bluescape Energy Partners IV GP LLC	10/01/2026
	** Signature of Reporting Person	Date
	/s/ Bluescape Resources GP Holdings LLC	10/01/2026
	** Signature of Reporting Person	Date
	/s/ Bluescape Energy Partners LLC	10/01/2026
	** Signature of Reporting Person	Date
	/s/ Bluescape Resources Co LLC	10/01/2026
	** Signature of Reporting Person	Date
	/s/ C John Wilder	10/01/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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