[Form 4] Uranium Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

Uranium Energy Corp (UEC) Form 4 details eight transactions by EVP Scott Melbye on 29–31 Jul 2025.

• Exercises (Code M): 93,087 shares issued from vested RSU/PB-RSU awards.
• Tax Withholding (Code F): 39,582 shares surrendered at $8.99 and $8.68.
• Net change: +53,505 shares; direct ownership now 1,041,536 shares.
• Derivative positions: PB-RSUs fall to 154,173 after settlement; new grant of 56,420 time-vested RSUs lifts unvested RSU balance to 119,258.
• Comp plan: Awards governed by the 2024 Stock Incentive Plan; new RSUs vest in three equal tranches starting 31 Jul 2026.

No open-market sales occurred—transactions were internal conversions and tax remittances. Executive’s ownership increase and continued equity-based pay suggest long-term alignment, though the fresh RSU grant adds modest future dilution.

Positive

• Net insider accumulation: Executive’s direct stake rose by 53,505 shares.
• No open-market sales: All dispositions were tax related, avoiding negative sentiment.
• Long-term incentive alignment: New RSU grant vests over three years, tying compensation to share performance.

Negative

• Incremental dilution risk: 56,420 newly granted RSUs add to share overhang.
• Performance RSU cancellations: 7,520 PB-RSUs forfeited, hinting some targets were unmet.

Insights

Financial Analyst

TL;DR: Net insider pickup of ~53k shares, no cash sales—signals confidence; dilution impact minor.

Melbye converted RSU and PB-RSU awards into 93,087 shares and covered taxes with stock, ending with 1.04 M shares. A simultaneous 56,420-unit RSU grant increases overhang but vests over three years, moderating dilution. Lack of open-market disposal is mildly bullish, yet activity is compensation-driven, so market impact should be limited.

Corporate Governance Specialist

TL;DR: Routine incentive use; higher ownership strengthens alignment, but fresh RSUs expand share reserve.

The filing illustrates proper 10b5-1 compliance and transparent tax withholding. While 53k net shares added enhance management-shareholder alignment, the grant pushes total unvested units to 119k, adding ~0.06% potential dilution. Cancellation of 7,520 PB-RSUs shows performance gating remains effective. Overall governance implications are neutral.

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^*

MELBYE SCOTT

(Last) (First) (Middle)

618 CLIFFGATE LANE

(Street)

CASTLE ROCK CO 80108

(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)
	EXECUTIVE VICE PRESIDENT

3. Date of Earliest Transaction (Month/Day/Year)
07/29/2025

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 Stock	07/29/2025		M		37,196	A	(1)	1,025,227	D
Common Stock	07/29/2025		F		15,530(2)	D	$8.99	1,009,697	D
Common Stock	07/29/2025		M		13,191	A	(3)	1,022,888	D
Common Stock	07/29/2025		F		5,772(4)	D	$8.99	1,017,116	D
Common Stock	07/29/2025		M		20,136	A	(3)	1,037,252	D
Common Stock	07/29/2025		F		8,408(4)	D	$8.99	1,028,844	D
Common Stock	07/31/2025		M		22,564	A	(3)	1,051,408	D
Common Stock	07/31/2025		F		9,872(4)	D	$8.68	1,041,536	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
Performance Based Restricted Stock Units	(1)	07/29/2025		J			7,520	(5)	(5)	Common Stock	7,520	$0	191,369	D
Performance Based Restricted Stock Units	(1)	07/29/2025		M			37,196	(6)	(6)	Common Stock	37,196	$0	154,173	D
Restricted Stock Units	(3)	07/29/2025		M			13,191	(8)	(8)	Common Stock	13,191	$0	105,538	D
Restricted Stock Units	(3)	07/29/2025		M			20,136	(8)	(8)	Common Stock	20,136	$0	85,402	D
Restricted Stock Units	(3)	07/31/2025		M			22,564	(8)	(8)	Common Stock	22,564	$0	62,838	D
Restricted Stock Units	(3)	07/31/2025		A(7)		56,420		(9)	(9)	Common Stock	56,420	$0	119,258	D

Explanation of Responses:

1. Each Performance Based Restricted Stock Unit represents a contingent right to receive one share of common stock. This transaction represents the settlement of Performance Based Restricted Stock Units in shares of common stock on their scheduled vesting date.

2. Represents shares of common stock withheld to satisfy tax withholding requirements upon vesting of Performance Based Restricted Stock Units.

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

4. Represents shares of common stock withheld to satisfy tax withholding requirements upon vesting of Restricted Stock Units.

5. Represents the portion of unearned Performance Based Restricted Stock Units cancelled in accordance with their terms.

6. This award has vested on the third anniversary of the grant date.

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

8. This award has vested as to one-third of the Restricted Stock Units on the first, second and third anniversary of the grant date.

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

	/s/ Scott Melbye	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

How many UEC shares did EVP Scott Melbye acquire in July 2025?

He received 93,087 shares through RSU/PB-RSU settlements, netting +53,505 after tax withholding.

What prices were used for the share withholding on the Form 4?

Shares were withheld at $8.99 on 29 Jul 2025 and $8.68 on 31 Jul 2025 to cover taxes.

How many UEC shares does Melbye now own directly?

Post-transactions, his direct ownership stands at 1,041,536 common shares.

What is the size and vesting schedule of the new RSU grant?

Melbye received 56,420 RSUs that vest in three equal installments beginning 31 Jul 2026.

Did the Form 4 report any open-market sales by the executive?

No. All dispositions were coded F, indicating shares withheld solely for tax obligations.