[Form 4] Uranium Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

Uranium Energy Corp. (UEC) – Form 4 insider activity

Director Gloria L. Ballesta Moya reported multiple equity transactions. On 29 & 31 Jul 2025 she converted 12,656 vested Restricted Stock Units (code “M”) into an equal number of common shares at a zero exercise price, lifting her direct holding from 90,232 to 102,888 shares.

The filing also discloses new equity compensation granted on 31 Jul 2025 under the 2024 Stock Incentive Plan:

• 6,818 RSUs that vest in three equal annual instalments starting 31 Jul 2026.
• 10,241 non-qualified stock options with an $8.68 strike, expiring 31 Jul 2035; vesting schedule: 12.5 % at 3 & 6 months, 25 % at 12, 18 & 24 months.

Post-transaction, Ballesta Moya retains 20,275 RSUs, 18,626 unvested RSUs and 243,290 options.

No open-market buying or selling occurred; transactions were routine exercises and grants. While the director’s net share ownership rose modestly, the events have minimal dilution and limited market impact.

Positive

• Director’s direct ownership increases to 102,888 shares, modestly aligning insider interests with shareholders.
• Long-dated options and multi-year RSU vesting encourage retention and long-term performance focus.

Negative

• Equity grants add incremental dilution, though immaterial relative to UEC’s total share count.

Insights

Securities Analyst

TL;DR: Routine RSU conversion plus new option grant; negligible impact.

The filing shows standard executive compensation mechanics. The 12,656-share RSU settlement marginally increases insider ownership but does not signal a discretionary purchase, so trading-signal value is limited. The 10,241 new options and 6,818 RSUs add modest potential dilution (<0.01 % of shares outstanding) and align incentives out to 2035. Overall, neutral for valuation and governance.

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^*

Ballesta Moya Gloria L

(Last) (First) (Middle)

VIA PUENTE PERALTA KM 4

CONJUNTO EL CARRETON, CASA 1, CHIA

(Street)

CUNDINAMARCA, COLOMBIA

(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)

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

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 Shares	07/29/2025		M		4,189	A	(1)	94,421	D
Common Shares	07/29/2025		M		3,339	A	(1)	97,760	D
Common Shares	07/31/2025		M		5,128	A	(1)	102,888	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
Restricted Stock Units	(1)	07/29/2025		M			4,189	(2)	(2)	Common Stock	4,189	$0	20,275	D
Restricted Stock Units	(1)	07/29/2025		M			3,339	(2)	(2)	Common Stock	3,339	$0	16,936	D
Restricted Stock Units	(1)	07/31/2025		M			5,128	(2)	(2)	Common Stock	5,128	$0	11,808	D
Restricted Stock Units	(1)	07/31/2025		A(3)		6,818		(4)	(4)	Common Stock	6,818	$0	18,626	D
Options	$8.68	07/31/2025		A(3)		10,241		(5)	07/31/2035	Common Stock	10,241	$0	243,290	D

Explanation of Responses:

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

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

3. Granted pursuant to and in accordance with the Issuer's 2024 Stock Incentive Plan.

4. 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.

5. Options vest over a 24-month period (12.5% three and six months from the date of grant; and 25% 12, 18 and 24 months from the date of grant).

	/s/ Gloria Ballesta	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 Director Gloria Ballesta acquire?

She received 12,656 common shares through RSU conversions on 29 & 31 Jul 2025.

What is the strike price of the newly granted UEC options?

The options carry an $8.68 exercise price and expire 31 Jul 2035.

When do the newly granted RSUs vest?

The 6,818 RSUs vest in three equal installments beginning 31 Jul 2026.

What is Director Ballesta’s total direct ownership after the transactions?

Her direct holding stands at 102,888 common shares following the conversions.

Did the filing include any open-market purchases or sales?

No. All transactions were code “M” conversions or incentive grants, not market trades.