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Director Jack Wortzman cash-settles 8,209 RSUs at Frontier Nuclear (FNUC)

(Neutral)
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Wortzman Jack reported disposition transactions in this Form 4 filing.

Frontier Nuclear & Minerals Inc. director Jack Wortzman exercised and redeemed 8,209 restricted share units (RSUs) on July 16, 2026 under the company’s RSU plan. He elected to receive only cash, so no common shares were issued, and the company must settle the cash payment within ten business days.

Positive

  • None.

Negative

  • None.
Insider Wortzman Jack
Role Director
Type Security Shares Price Value
Exercise Restricted Share Units F1 8,209 $0.00 $0.00
Holdings After Transaction: Restricted Share Units — 0 shares (Direct)
Footnotes (1)
  1. F1. Each restricted share unit ("RSU") was granted on February 23, 2026 under the Issuer's restricted share unit award plan ("RSU Plan") and represents a contingent right to receive one common share or the cash equivalent thereof as allowed under the Issuer's RSU plan. On July 16, 2026 (the "Redemption Date"), the Reporting Person elected, pursuant to the Issuer's RSU Plan, to redeem 8,209 vested RSUs solely for cash. No common shares were issued in connection with the redemption. The Issuer is required to settle the cash redemption within ten business days following the Redemption Date.
RSUs redeemed 8,209 units Vested restricted share units redeemed on July 16, 2026
Common shares issued 0 shares No common shares issued in connection with the RSU redemption
Cash settlement period 10 business days Issuer required to settle cash redemption within ten business days after July 16, 2026
RSU grant date February 23, 2026 Grant date of the restricted share units under the RSU Plan
Redemption Date July 16, 2026 Date on which 8,209 vested RSUs were redeemed for cash
Restricted Share Units financial
"Each restricted share unit ("RSU") was granted on February 23, 2026"
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.
RSU Plan financial
"under the Issuer's restricted share unit award plan ("RSU Plan")"
cash equivalent financial
"represents a contingent right to receive one common share or the cash equivalent thereof"
Redemption Date financial
"On July 16, 2026 (the "Redemption Date"), the Reporting Person elected"
The redemption date is the specific day when a debt-like security (such as a bond, preferred share, or certificate) must be repaid by the issuer and the investor receives the principal plus any final interest or dividends. It matters to investors because it tells when cash will return, shapes the effective return and price of the security, and creates reinvestment and timing considerations—like knowing when a loan is due so you can plan what to do with the returned money.

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

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FAQ

What insider transaction did Frontier Nuclear & Minerals (FNUC) director Jack Wortzman report?

Jack Wortzman reported redeeming 8,209 vested restricted share units on July 16, 2026. Under Frontier Nuclear & Minerals’ RSU plan, he chose a cash-only settlement, meaning no common shares were issued and the company will pay cash within ten business days.

How many RSUs did Jack Wortzman redeem at FNUC and when were they granted?

He redeemed 8,209 restricted share units that had been granted on February 23, 2026 under Frontier Nuclear & Minerals’ restricted share unit award plan. Each RSU represented a contingent right to receive one common share or the cash equivalent under the plan.

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

No common shares were issued. Wortzman elected to redeem his 8,209 RSUs solely for cash under the company’s RSU plan. As disclosed, the redemption was cash-settled, leaving the RSUs extinguished and resulting in zero shares issued from this transaction.

When will Frontier Nuclear & Minerals (FNUC) pay the cash for Jack Wortzman’s RSU redemption?

The company is required to settle the cash redemption within ten business days following the July 16, 2026 redemption date. This timing applies to the cash-only settlement of Wortzman’s 8,209 vested RSUs under the restricted share unit award plan.

What type of security and transaction code appear in Jack Wortzman’s FNUC Form 4?

The Form 4 reports Restricted Share Units as the derivative security, tied to common shares. The transaction uses code M, indicating an exercise or conversion of a derivative security, with these RSUs redeemed for cash rather than converted into common shares.
SEC Form 4
FORM 4UNITED 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)
WINNIPEGR3C 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)
XDirector10% Owner
Officer (give title below)Other (specify below)
2a. Foreign Trading Symbol
3. Date of Earliest Transaction (Month/Day/Year)
07/16/2026
6. Individual or Joint/Group Filing (Check Applicable Line)
XForm 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)
CodeVAmount(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Restricted Share Units(1)07/16/2026M8,209 (1) (1)Common Shares(1)8,209(1)$0(1)0D
Explanation of Responses:
1. Each restricted share unit ("RSU") was granted on February 23, 2026 under the Issuer's restricted share unit award plan ("RSU Plan") and represents a contingent right to receive one common share or the cash equivalent thereof as allowed under the Issuer's RSU plan. On July 16, 2026 (the "Redemption Date"), the Reporting Person elected, pursuant to the Issuer's RSU Plan, to redeem 8,209 vested RSUs solely for cash. No common shares were issued in connection with the redemption. The Issuer is required to settle the cash redemption within ten business days following the Redemption Date.
Wortzman Jack07/20/2026
** Signature of Reporting PersonDate
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)