[Form 4] Uranium Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

Uranium Energy Corp. (UEC) Form 4: Senior VP, U.S. Operations Josephine Man disclosed the 31 Jul 2025 award of 48,295 Restricted Stock Units (RSUs) at $0 cost under the 2024 Stock Incentive Plan. Each RSU converts into one common share.

The RSUs vest in three equal tranches beginning 31 Jul 2026, with delivery of vested shares by 30 Aug each year. After the grant, Ms. Man now controls 64,398 derivative securities; no open-market purchases or sales of common stock were reported. The transaction reflects routine equity compensation that strengthens management-shareholder alignment while creating a modest future issuance over the 2026-2028 period.

Positive

• Equity-based compensation aligns executive interests with shareholders.
• Three-year vesting schedule promotes management retention and medium-term focus.

Negative

• Grant adds potential dilution of 48,295 shares beginning 2026.
• Cumulative equity overhang (64,398 RSUs) warrants monitoring against dilution guidelines.

Insights

Sell-side Equity Analyst

TL;DR Small RSU grant; neutral financial impact, aligns incentives, minor future dilution.

The 48,295-share RSU award equals roughly 0.03 % of UEC’s 187 M basic shares, an immaterial dilution factor spread over three years. Because the grant carries no immediate cash outlay or sale, it neither alters liquidity nor signals insider sentiment. From a valuation perspective, the incremental share count is negligible; thus EPS impact is de minimis. The filing mainly confirms ongoing use of equity compensation to retain key talent amid the company’s U.S. development strategy.

Corporate Governance Specialist

TL;DR Standard incentive grant; supports retention but adds share overhang.

Granting RSUs to a senior executive under a shareholder-approved 2024 plan is best practice for alignment. Three-year ratable vesting encourages medium-term performance and retention. However, the future issuance contributes to overhang, now ~64 k shares for this insider alone. Investors should monitor aggregate equity burn rate versus ISS benchmarks to ensure plan discipline remains within acceptable limits.

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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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^*

Man Josephine

(Last) (First) (Middle)

SUITE 1830, 1188 WEST GEORGIA STREET

(Street)

VANCOUVER A1 V6E 4A2

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
URANIUM ENERGY CORP [ UEC ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	SENIOR VP, U.S. OPERATIONS

3. Date of Earliest Transaction (Month/Day/Year)
07/31/2025

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 Units	(1)	07/31/2025		A(2)		48,295		(3)	(3)	Common Stock	48,295	$0	64,398	D

Explanation of Responses:

1. Each Restricted Stock Unit represents the right to receive, at settlement, one share of common stock.

2. Granted pursuant to and in accordance with the 2024 Stock Incentive Plan.

3. The Restricted Stock Units vest in three equal installments beginning July 31, 2026. Vested shares will be delivered to the reporting person no later than August 30th of each year.

	/s/ JOSEPHINE MAN	07/31/2025
	** 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

Who was the insider in UECs latest Form 4 filing?

Senior VP, U.S. Operations Josephine Man was the reporting person.

How many RSUs did Josephine Man receive?

She was granted 48,295 Restricted Stock Units on 31 Jul 2025.

What is the vesting schedule for the new RSUs?

The RSUs vest in three equal annual installments starting 31 Jul 2026, with delivery by 30 Aug each year.

Did the filing report any open-market share sales or purchases?

No; only the RSU grant was disclosed, with no sale or purchase of common shares.

What is the insiders total derivative ownership after the transaction?

Ms. Man now holds 64,398 RSUs directly.