[Form 4] enCore Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

enCore Energy Corp. (EU) Form 4 summary: Dain A. McCoig, Chief Operating Officer, was granted equity awards on 09/24/2025 disclosed in this Form 4. The awards include 100,000 restricted stock units that vest in four equal annual tranches beginning 09/24/2026, 500,000 restricted stock units that vest in full on 09/24/2030, and 100,000 stock options with an exercise price of $3.10 that vest in four equal annual tranches beginning 09/24/2026 and expire 09/24/2030. Following the grants, the reporting person beneficially owns 600,000 underlying common shares reported as direct holdings. The Form 4 was signed by an attorney-in-fact on 09/26/2025.

Positive

• Grants disclosed: 100,000 RSUs, 500,000 RSUs, and 100,000 stock options were granted on 09/24/2025
• Clear vesting schedules: 100,000 RSUs and 100,000 options vest one‑fourth annually beginning 09/24/2026; 500,000 RSUs vest in full on 09/24/2030
• Option terms provided: stock options have an exercise price of $3.10 and expiration date 09/24/2030

Negative

• None.

Insights

Corporate Governance Expert

TL;DR: The Form 4 reports time‑based equity grants to the COO, standard vesting schedules and no sales or dispositions.

The filing documents three awards: two restricted stock unit grants (100,000 and 500,000) and 100,000 stock options exercisable at $3.10 with a 09/24/2030 expiration. Vesting is time‑based, with the smaller RSU and options vesting in four annual tranches and the larger RSU cliff‑vesting in 2030. These disclosures are routine for executive compensation and show no transfers, dispositions, or indirect ownership structures disclosed in this filing.

Compensation Analyst

TL;DR: The awards are concentrated in long‑term equity with multi‑year vesting, emphasizing retention through 2029–2030.

The package totals 700,000 award units (600,000 RSU equivalents plus 100,000 options) granted on a single date, with defined vesting dates: annual vesting from 09/24/2026 through 09/24/2029 for the 100,000 RSUs and options, and full vesting for 500,000 RSUs on 09/24/2030. The option strike is explicitly $3.10 and the option expiration is 09/24/2030. The filing contains clear exercise, vesting and expiration terms but does not disclose grant valuation or the executive’s total pre‑grant holdings beyond the reported post‑grant beneficial ownership amounts.

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
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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^*

McCoig Dain A

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2025

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

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
Restricted Stock Unit	(1)	09/24/2025		A		100,000		(2)	(2)	Common Shares	100,000	$0	0	D
Restricted Stock Unit	(1)	09/24/2025		A		500,000		(3)	(3)	Common Shares	500,000	$0	0	D
Stock Options	$3.1	09/24/2025		A		100,000		(4)	09/24/2030	Common Shares	100,000	$0	0	D

Explanation of Responses:

1. Each restricted stock unit represents the contingent right to receive one common share of enCore Energy Corp. (the "Company").

2. On September 24, 2025, the reporting person was granted 100,000 restricted stock units. The restricted stock units vest one-fourth on September 24, 2026, one-fourth on September 24, 2027, one-fourth on September 24, 2028 and one-fourth on September 24, 2029.

3. On September 24, 2025, the reporting person was granted 500,000 restricted stock units. The restricted stock units vest in full on September 24, 2030.

4. On September 24, 2025, the reporting person was granted 100,000 stock options of the Company pursuant to the Company's Long Term Incentive Plan. The stock options vest and become exercisable one-fourth on September 24, 2026, one-fourth on September 24, 2027, one-fourth on September 24, 2028 and one-fourth on September 24, 2029.

	/s/ Robert Willette, as attorney-in-fact for Dain McCoig	09/26/2025
	** 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 equity awards did enCore Energy (EU) COO Dain McCoig receive on 09/24/2025?

He received 100,000 restricted stock units, 500,000 restricted stock units, and 100,000 stock options granted on 09/24/2025.

When do the restricted stock units and options vest for Dain McCoig?

The 100,000 RSUs and 100,000 options vest one‑fourth on each anniversary starting 09/24/2026 through 09/24/2029; the 500,000 RSUs vest in full on 09/24/2030.

What is the exercise price and expiration date of the stock options granted to Dain McCoig?

The options have an exercise price of $3.10 and an expiration date of 09/24/2030.

How many common shares does the reporting person beneficially own following the reported transactions?

The Form 4 reports 600,000 common shares underlying the reported awards as beneficially owned following the transactions.

Who signed the Form 4 and when was it filed?

The Form 4 was signed by Robert Willette as attorney‑in‑fact for Dain McCoig and dated 09/26/2025.