FREEPORT-MCMORAN INC — Director's Dealing 2021

Dec 7, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: FREEPORT-MCMORAN INC (FCX)
CIK: 0000831259
Period of Report: 2021-08-13

Reporting Person: ADKERSON RICHARD C (Director, Chairman of the Board & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-13	Common Stock	G	107877	$0.00	Disposed	1015048	Indirect
2021-12-02	Common Stock	M	81000	$24.08	Acquired	2731882	Direct
2021-12-02	Common Stock	M	54000	$24.08	Acquired	2785882	Direct
2021-12-02	Common Stock	M	515000	$15.52	Acquired	3300882	Direct
2021-12-02	Common Stock	M	263333	$11.87	Acquired	3564215	Direct
2021-12-02	Common Stock	M	210834	$12.04	Acquired	3775049	Direct
2021-12-02	Common Stock	F	718766	$37.10	Disposed	3056283	Direct
2021-12-06	Common Stock	S	202701	$36.7107	Disposed	2853582	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-12-02	Options (Right to Buy)	$24.08	M	81000	Disposed	2022-02-06	Common Stock (81000)	Direct
2021-12-02	Options (Right to Buy)	$24.08	M	54000	Disposed	2022-02-06	Common Stock (54000)	Direct
2021-12-02	Options (Right to Buy)	$15.52	M	515000	Disposed	2027-02-07	Common Stock (515000)	Direct
2021-12-02	Options (Right to Buy)	$11.87	M	263333	Disposed	2029-02-05	Common Stock (263333)	Direct
2021-12-02	Options (Right to Buy)	$12.04	M	210834	Disposed	2030-02-04	Common Stock (210834)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	192330	Indirect

Footnotes

F1: Upon expiration of a GRAT established by the Reporting Person, 107,877 shares were transferred to the remaindermen of the trust.

F2: Since the date of Mr. Adkerson's last Form 4, an aggregate 632,426 shares of the Issuer's Common Stock previously reported as directly held have been transferred to GRATs and are now reported as indirectly held.

F3: Shares delivered and withheld in payment of the exercise price of options and resulting taxes.

F4: The price reported represents the weighted average price of the shares sold. Shares were sold at varying prices in the range of $36.4700 - $36.8950. The Reporting Person hereby undertakes, upon request of the Staff of the U.S. Securities and Exchange Commission, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price.

F5: Amount beneficially owned includes 1,109,000 RSUs, 1,000,000 of which are vested but deferred.

F6: 25% exercisable on the date indicated and 25% exercisable on each of the three anniversaries thereof.

F7: 33% exercisable on the date indicated and 33% exercisable on each of the next two anniversaries thereof.