Frontier Nuclear director settles RSUs for cash

Frontier Nuclear & Minerals Inc. director Jack Wortzman settled restricted stock units for cash rather than shares.

Rhea-AI Filing Summary

Frontier Nuclear & Minerals Inc. director Jack Wortzman settled restricted stock units for cash rather than shares. On April 10, 2026, 7,500 Restricted Share Units were exercised and settled entirely in cash, with no Common Shares issued. The cash payment totaled US$29,313.00, using a 30-day volume-weighted average price of US$3.9084 per share from the grant date.

The RSUs were originally granted on July 21, 2025 under the company’s restricted share unit award plan, with each unit representing a contingent right to receive one Common Share or its cash equivalent. Following this settlement, no RSUs from this grant remain outstanding.

Insider Trade Summary

7,500 shares exercised/converted

Exercise 1 txn

Insider Wortzman Jack

Role Director

Type	Security	Shares	Price	Value
Exercise	Restricted Stock Units	7,500	$3.9084	$29K

Holdings After Transaction: Restricted Stock Units — 0 contracts (Direct)

Footnotes (3)

1. F1. On April 10, 2026, 7,500 Restricted Share Units ("RSUs") were settled in cash only. No Common Shares were issued in connection with the settlement. The cash amount paid was US$29,313.00, calculated using the 30-day VWAP of US$3.9084 per share on the grant date.
2. F2. The RSUs were granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan"). The RSUs vest on such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU plan.
3. F3. The RSUs do not expire.

Key Figures

RSUs settled: 7,500 units Cash paid: US$29,313.00 Settlement price: US$3.9084 per share +2 more

5 metrics

RSUs settled 7,500 units Restricted Share Units settled on April 10, 2026

Cash paid US$29,313.00 Cash amount paid for RSU settlement

Settlement price US$3.9084 per share 30-day VWAP used to calculate RSU cash value

Total RSUs remaining 0 units Total RSUs from this grant following settlement

Grant date July 21, 2025 Original grant date of the Restricted Share Units

Key Terms

Restricted Share Units, 30-day VWAP, restricted share unit award plan, contingent right

4 terms

Restricted Share Units financial

"On April 10, 2026, 7,500 Restricted Share Units ("RSUs") were settled in cash only."

Restricted share units (RSUs) are a promise from a company to give an employee or service provider actual shares or cash equal to the shares after certain conditions are met, typically staying with the company for a set time or hitting performance targets. Think of them like a time-locked gift card that becomes usable only after you’ve earned it. For investors, RSUs matter because they align employee incentives with company performance and can increase the number of shares outstanding over time, diluting existing ownership and affecting earnings per share.

30-day VWAP financial

"The cash amount paid was US$29,313.00, calculated using the 30-day VWAP of US$3.9084 per share on the grant date."

Thirty-day VWAP is the average price at which a stock traded over the past 30 trading days, weighted by the number of shares traded at each price during that period. It matters to investors because it gives a clearer picture of the price buyers and sellers have actually paid—like a sales-weighted average for a store—and is used to judge whether current price action is fair, to benchmark trading performance, and to spot longer-term support or resistance levels.

restricted share unit award plan financial

"The RSUs were granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan")."

contingent right financial

"Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU plan."

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Frontier Nuclear & Minerals (FNUC) director Jack Wortzman report in this Form 4?

Jack Wortzman reported the cash settlement of 7,500 restricted share units. The RSUs were exercised and paid out in cash, with no Common Shares issued, reflecting compensation being taken in cash rather than equity for this grant.

How many restricted stock units did FNUC’s director settle and for how much cash?

He settled 7,500 Restricted Share Units for a total of US$29,313.00. The amount was calculated using a 30-day volume-weighted average price of US$3.9084 per share applied to each unit covered by the grant.

Were any Frontier Nuclear & Minerals (FNUC) Common Shares issued in this Form 4 transaction?

No Common Shares were issued in this transaction. The 7,500 Restricted Share Units were settled in cash only, under the company’s restricted share unit award plan, so the event did not increase the number of FNUC shares outstanding.

When were the restricted stock units for FNUC’s director originally granted and under what plan?

The RSUs were granted on July 21, 2025 under Frontier Nuclear & Minerals’ restricted share unit award plan. Each unit provided a contingent right to receive either one Common Share or the cash equivalent, as permitted under the terms of the RSU plan.

What price was used to calculate the cash settlement of FNUC’s restricted stock units?

The cash settlement used a 30-day volume-weighted average price of US$3.9084 per share. This VWAP, measured on the grant date, was multiplied by the 7,500 units to determine the total cash payout of US$29,313.00.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 04/14/2026 - 12:10 PM Learn about SEC filing dates

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^*

Wortzman Jack

(Last) (First) (Middle)

360 MAIN STREET, 30TH FLOOR

(Street)

WINNIPEG R3C 4G1

(City) (State) (Zip)

MANITOBA, CANADA

(Country)

2. Issuer Name and Ticker or Trading Symbol
Frontier Nuclear & Minerals Inc. [ FNUC ]

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

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

2a. Foreign Trading Symbol

3. Date of Earliest Transaction (Month/Day/Year)
04/10/2026

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

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

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

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 Units	(1)	04/10/2026		M			7,500	(2)	(3)	Common Shares	7,500	$3.9084(1)(2)	0	D

Explanation of Responses:

1. On April 10, 2026, 7,500 Restricted Share Units ("RSUs") were settled in cash only. No Common Shares were issued in connection with the settlement. The cash amount paid was US$29,313.00, calculated using the 30-day VWAP of US$3.9084 per share on the grant date.

2. The RSUs were granted on July 21, 2025 under the Issuer's restricted share unit award plan ("RSU Plan"). The RSUs vest on such date as the Reporting Person may elect provided such date is within the time period allowed under the RSU Plan. Each RSU represents a contingent right to receive one Common Share or the cash equivalent thereof as allowed under the RSU plan.

3. The RSUs do not expire.

	Wortzman Jack	04/14/2026
	** 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).
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.
* Form 4: SEC 1474 (03-26)