Ur-Energy (URG) officer reports RSU redemption and 17,966 new shares

Rhea-AI Filing Summary

Ur-Energy Inc.'s General Counsel and Corporate Secretary reported an insider equity transaction. On December 23, 2025, 25,376 previously granted restricted share units (RSUs) became redeemable and were exchanged for common shares. To cover tax withholding, 7,410 RSUs were withheld by the company, and the officer received 17,966 common shares.

The common shares were valued at C$2.02 per share, equivalent to $1.4657 in U.S. dollars using an exchange rate of C$1.00 = US$0.7256. After this transaction, the officer beneficially owned 448,574 common shares directly, along with 67,991 RSUs that remain outstanding.

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

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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^*

GOPLERUD PENNE A

(Last) (First) (Middle)

10758 W. CENTENNIAL ROAD

SUITE 200

(Street)

LITTLETON CO 80127

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
UR-ENERGY INC [ URG ]

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

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	Gen Counsel and Corp Secretary

3. Date of Earliest Transaction (Month/Day/Year)
12/23/2025

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	12/23/2025		M		17,966(1)	A	$1.4657(2)	448,574	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 share units (exchange for common shares)	(3)	12/23/2025		M			25,376	(4)	(4)	Common Shares	25,376	$0	67,991	D

Explanation of Responses:

1. On December 7, 2023, the reporting person was granted 25,376 Restricted Share Units ("RSUs"). On redemption, 7,410 RSUs were withheld by the Company solely for the purpose of satisfying tax withholding obligations and the reporting person received 17,966 common shares.

2. The common shares were priced at $2.02 Canadian dollars and $1.4657 U.S. dollars is the equivalent of the purchase price pursuant to the exchange rate as of the transaction date (Cdn$1.00 = US$0.7256) as reported by Bank of Canada on its website, www.bankofcanada.ca.

3. Each RSU is redeemable upon vesting for one common share.

4. The RSUs became redeemable on December 7, 2025 and were released on December 23, 2025.

	/s/ Roger L. Smith Roger L. Smith pursuant to Power of Attorney	12/29/2025
	** Signature of Reporting Person	Date
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FAQ

What insider transaction did Ur-Energy (URG) report in this Form 4?

The General Counsel and Corporate Secretary of Ur-Energy Inc. reported the redemption of 25,376 restricted share units (RSUs) into common shares on December 23, 2025.

How many Ur-Energy (URG) shares did the insider actually receive?

Upon redemption of the RSUs, 7,410 RSUs were withheld to satisfy tax obligations and the insider received 17,966 common shares.

What was the price used for the Ur-Energy (URG) RSU share conversion?

The common shares were priced at C$2.02 per share, which the company states was equivalent to $1.4657 in U.S. dollars based on an exchange rate of C$1.00 = US$0.7256.

When did the Ur-Energy (URG) restricted share units vest and become redeemable?

The reporting person was granted 25,376 RSUs on December 7, 2023. These RSUs became redeemable on December 7, 2025 and were released on December 23, 2025.

How many Ur-Energy (URG) shares and RSUs does the insider own after the transaction?

After the reported transaction, the insider beneficially owned 448,574 common shares directly and 67,991 RSUs as derivative securities.

What is the relationship of the reporting person to Ur-Energy (URG)?

The reporting person is an officer of Ur-Energy Inc., serving as General Counsel and Corporate Secretary, and filed the Form 4 as a single reporting person.