EU insider sale of 20,000 shares at $3.33; director retains 488,500

Rhea-AI Filing Summary

Director sale of common shares. A director, Dennis Stover, reported a sale of 20,000 common shares on 10/07/2025 at a reported price of $3.33 per share, leaving beneficial ownership of 488,500 shares. The sale code is listed as S (sale). The $3.33 price reflects a U.S. dollar conversion from a stated Canadian-dollar trade of $4.64 CAD using the Bank of Canada daily average rate of CAD$1.3951 per $1.00 on that date. The filing was signed by an attorney-in-fact and indicates the reporter is a director filing on an individual basis.

This Form 4 documents a routine insider sale and the remaining direct holding size; no options, warrants, or other derivative transactions are disclosed in the filing.

Positive

• Director retains substantial stake of 488,500 shares after the sale
• Transaction fully disclosed with conversion rate and original CAD price provided

Negative

• Disposition of 20,000 common shares, which may be viewed as insider selling pressure
• Sale executed at a converted price of $3.33 per share

Insider Trade Summary

Net Seller: 20,000 shares ($66,600)

Net Sell 1 txn

Insider Stover Dennis

Role Director

Sold 20,000 shs ($67K)

Type	Security	Shares	Price	Value
Sale	Common Shares	20,000	$3.33	$67K

Holdings After Transaction: Common Shares — 488,500 shares (Direct)

Footnotes (1)

1. [object Object]

Form 4 Insider Transactions: What Each Field Means →

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

OMB APPROVAL

OMB Number:			3235-0287
Estimated average burden
hours per response:			0.5

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

Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

1. Name and Address of Reporting Person^*

Stover Dennis

(Last) (First) (Middle)

5950 BERKSHIRE LANE, SUITE 210

(Street)

DALLAS TX 75225

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
enCore Energy Corp. [ EU ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
10/07/2025

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

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

X	Form filed by One Reporting Person
	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)
			Code	V	Amount	(A) or (D)	Price
Common Shares	10/07/2025		S		20,000	D	$3.33(1)	488,500	D

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)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Represents a sale price of $4.64 Canadian dollars, converted to U.S. dollars at the daily average exchange rate of $1.00 to CAD$1.3951 reported by the Bank of Canada on October 7, 2025.

	/s/ Robert Willette as attorney-in-fact for Dennis Stover	10/09/2025
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

FAQ

What did enCore Energy (EU) insider Dennis Stover do on 10/07/2025?

He sold 20,000 common shares on 10/07/2025, leaving beneficial ownership of 488,500 shares.

At what price were the shares sold by the director?

The reported sale price is $3.33 per share in U.S. dollars, converted from $4.64 Canadian dollars using the Bank of Canada daily average rate of CAD$1.3951.

Does the Form 4 show any derivative transactions for the reporting person?

No. Table II for derivative securities shows no entries; only a non-derivative common share sale is reported.

Who signed the filing and when was it filed?

The form is signed by Robert Willette as attorney-in-fact for Dennis Stover and dated 10/09/2025.

Is the reporting person an officer or director of enCore Energy?

The filer is identified as a Director and the Form is filed by one reporting person.