[Form 4] Uranium Energy Corp. Insider Trading Activity

Rhea-AI Filing Summary

Uranium Energy Corp. (UEC) Form 4 highlights: Senior VP U.S. Operations Brent Berg reported two transactions dated 29-31 Jul 2025.

• Exercise (Code M): 4,007 previously-vested Restricted Stock Units (RSUs) were converted into common shares at a $0 exercise price, lifting direct holdings to 7,052 shares.
• Tax withholding (Code F): 1,441 shares were automatically sold at $8.99 to satisfy payroll taxes, reducing direct ownership to 5,611 shares.
• New equity award: On 31 Jul 2025 Berg received 19,148 new RSUs under the 2024 Stock Incentive Plan. These vest in three equal installments beginning 31 Jul 2026. Post-grant, Berg holds 27,163 unvested RSUs.

No open-market sales or purchases occurred; share dispositions were solely for tax obligations. The filing suggests ongoing alignment with shareholders through a larger equity incentive while maintaining a modest net increase in long-term exposure to UEC stock.

Positive

• 19,148 new RSUs granted, increasing insider’s future equity stake and aligning incentives with long-term shareholder value.
• 4,007 RSUs exercised and retained; no open-market sale, suggesting confidence rather than profit-taking.

Negative

• 1,441 shares disposed at $8.99 for tax withholding, lowering direct share ownership to 5,611.

Insights

Equity Compensation Analyst

TL;DR: Routine incentive grant; no discretionary selling—neutral.

The exercise and settlement of 4,007 RSUs followed by a mandatory 1,441-share sale for taxes is standard administrative activity. More noteworthy is the new 19,148-RSU award, which materially increases Berg's future exposure to UEC performance without immediate dilution to public float (shares issued upon vesting). Because no open-market sale was initiated, market-signal risk is low. Overall, the transaction neither adds buying pressure nor reflects pessimism, rendering it impact-neutral.

Portfolio Manager – Materials Sector

TL;DR: Larger deferred stake aligns interests; impact minimal short-term.

Berg’s direct stake drops to 5,611 shares, but his derivative exposure balloons to 27,163 RSUs, vesting from 2026–2028. This indicates personal confidence in U.S. uranium operations yet offers no immediate liquidity signal. For portfolio positioning, the filing does not warrant re-weighting UEC; however, expanding insider incentives may support long-term execution of domestic projects.

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^*

BERG BRENT

(Last) (First) (Middle)

9384 E. DIANNA DRIVE

(Street)

GOLD CANYON AZ 85118

(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)
07/29/2025

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		4,007	A	(1)	7,052	D
Common Stock	07/29/2025		F		1,441(2)	D	$8.99	5,611	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			4,007	(3)	(3)	Common Stock	4,007	$0	8,015	D
Restricted Stock Units	(1)	07/31/2025		A(4)		19,148		(5)	(5)	Common Stock	19,148	$0	27,163	D

Explanation of Responses:

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

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

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

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

5. 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/ BRENT BERG	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 does Brent Berg now own directly?

After the reported transactions, he holds 5,611 common shares.

What new equity award did the UEC executive receive?

Berg was granted 19,148 Restricted Stock Units on 31 Jul 2025 under the 2024 Stock Incentive Plan.

Were any UEC shares sold on the open market?

No. The only disposition was 1,441 shares withheld at $8.99 solely to cover taxes.

When will the newly granted RSUs vest?

They vest in three equal installments starting 31 Jul 2026, with delivery no later than 30 Aug each year.

What is the total unvested RSU balance for the executive?

Following the grant, Berg holds 27,163 unvested RSUs.