Uranium Energy insider boosts stake; new RSUs and long-dated options granted

Rhea-AI Filing Summary

Uranium Energy Corp. (UEC) Form 4: Director Spencer Abraham reported multiple equity transactions on 29-31 Jul 2025. He converted vested RSUs (Code M) into 29,335 common shares (8,167 + 8,348 + 12,820) at no cash cost, increasing his direct share count to 705,859.

The board simultaneously granted Abraham 16,889 new RSUs and 25,368 stock options with a $8.68 exercise price and 31 Jul 2035 expiry. RSUs vest in three equal annual tranches beginning 31 Jul 2026; options vest 12.5% at 3 & 6 months, then 25% at 12, 18 & 24 months.

Following the transactions, Abraham now holds 46,409 unvested RSUs and 191,073 options in addition to his common shares. No dispositions were reported, signalling a net ownership increase.

Positive

• 29,335 shares added to direct holdings; no shares sold.
• Grant of 25,368 options at $8.68 indicates long-term performance alignment.
• Director’s total ownership rises to roughly 0.5–1% of shares outstanding (exact float not provided), signalling confidence.

Negative

• None.

Insights

Securities Analyst

TL;DR: Director materially ups equity stake; new long-dated options align incentives and signal confidence.

The absence of any share sales coupled with 29.3 k shares acquired via RSU conversion suggests bullish insider sentiment. The $8.68 strike is near current market levels, making the 25,368-option grant performance-sensitive. Combined, Abraham controls ~943 k share equivalents, giving him greater economic exposure and vote alignment. While dilution from new awards is marginal at the corporate level, insider accumulation is typically viewed favorably by investors seeking governance alignment.

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^*

Abraham Spencer

(Last) (First) (Middle)

1825 I STREET NW

6TH FLOOR

(Street)

WASHINGTON DC 20006

(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		8,167	A	(1)	684,691	D
Common Shares	07/29/2025		M		8,348	A	(1)	693,039	D
Common Shares	07/31/2025		M		12,820	A	(1)	705,859	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			8,167	(2)	(2)	Common Stock	8,167	$0	50,688	D
Restricted Stock Units	(1)	07/29/2025		M			8,348	(2)	(2)	Common Stock	8,348	$0	42,340	D
Restricted Stock Units	(1)	07/31/2025		M			12,820	(2)	(2)	Common Stock	12,820	$0	29,520	D
Restricted Stock Units	(1)	07/31/2025		A(3)		16,889		(4)	(4)	Common Stock	16,889	$0	46,409	D
Options	$8.68	07/31/2025		A(3)		25,368		(5)	07/31/2035	Common Stock	25,368	$0	191,073	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/ SPENCER ABRAHAM	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.
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FAQ

How many UEC shares did Director Spencer Abraham acquire on this Form 4?

29,335 common shares were acquired through RSU conversions on 29 & 31 Jul 2025.

Did the insider sell any Uranium Energy shares?

No. The filing reports only acquisitions; there were no dispositions.

What is the strike price and term of the new stock options?

The options cover 25,368 shares at a $8.68 exercise price, expiring 31 Jul 2035.

When do the newly granted RSUs vest?

They vest in three equal tranches beginning 31 Jul 2026, with delivery by 30 Aug each year.

What is Spencer Abraham’s total UEC equity exposure after these transactions?

He now directly holds 705,859 shares, 46,409 unvested RSUs, and 191,073 options.