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Ur-Energy (NYSE: URG) CFO reports option grant and RSU redemptions

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
4

Rhea-AI Filing Summary

Ur-Energy Inc. reported insider equity awards for its Chief Financial Officer, Roger L. Smith. On 12/22/2025, he was granted options to buy 150,312 common shares at an exercise price of $1.4657 per share, which is the U.S. dollar equivalent of Cdn$2.02 based on the exchange rate on the transaction date. These options expire on 12/22/2030 and vest in three equal installments of 50,104 options on 12/22/2026, 12/22/2027, and 12/22/2028. Following this grant, he held 623,262 derivative securities, including options. The same day, 37,579 restricted share units were redeemed for 37,579 common shares at no cost, and 100,751 derivative securities tied to restricted share units remained beneficially owned.

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Insider SMITH ROGER L.
Role CHIEF FINANCIAL OFFICER
Type Security Shares Price Value
Grant/Award Common share options (right to buy) 150,312 $0.00 --
Exercise Restricted share units (exchange for common shares) 37,579 $0.00 --
Holdings After Transaction: Common share options (right to buy) — 623,262 shares (Direct); Restricted share units (exchange for common shares) — 100,751 shares (Direct)
Footnotes (1)
  1. The options were priced at $2.02 Canadian dollars; $1.4657 U.S. dollars is the equivalent of the exercise price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7256) www.bankofcanada.ca. The options will vest and become exercisable as follows: 50,104 on 12/22/2026; 50,104 on 12/22/2027; and 50,104 on 12/22/2028. Each unit is redeemable upon vesting for one common share. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 per the terms of the plan.
Form 4 Insider Transactions: What Each Field Means →
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*
SMITH ROGER L.
(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)
CHIEF FINANCIAL OFFICER
3. Date of Earliest Transaction (Month/Day/Year)
12/22/2025
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
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
Common share options (right to buy) $1.4657(1) 12/22/2025 A 150,312 (2) 12/22/2030 Common Shares 150,312 $0 623,262 D
Restricted share units (exchange for common shares) (3) 12/22/2025 M 37,579 (4) (4) Common Shares 37,579 $0 100,751 D
Explanation of Responses:
1. The options were priced at $2.02 Canadian dollars; $1.4657 U.S. dollars is the equivalent of the exercise price pursuant to the exchange rate realized as of the transaction date (Cdn$1.00 = US$0.7256) www.bankofcanada.ca.
2. The options will vest and become exercisable as follows: 50,104 on 12/22/2026; 50,104 on 12/22/2027; and 50,104 on 12/22/2028.
3. Each unit is redeemable upon vesting for one common share.
4. Each unit will be redeemed for one common share on or within 30 days of 12/22/2027 per the terms of the plan.
/s/ Roger L. Smith 12/29/2025
** 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.

Source: View Original Filing on SEC EDGAR

FAQ

What insider transactions did Ur-Energy (URG) disclose for its CFO?

Ur-Energy disclosed that Chief Financial Officer Roger L. Smith received a grant of options for 150,312 common shares on 12/22/2025, and that 37,579 restricted share units were redeemed for the same number of common shares on that date.

What is the exercise price of the new Ur-Energy CFO stock options?

The options granted to the Ur-Energy CFO on 12/22/2025 have an exercise price of $1.4657 U.S. dollars per share, which is the equivalent of Cdn$2.02 based on the exchange rate on the transaction date.

How and when do the Ur-Energy CFO options vest?

The options for 150,312 common shares will vest in three equal installments of 50,104 options on 12/22/2026, 12/22/2027, and 12/22/2028. They become exercisable as they vest and expire on 12/22/2030.

What happened to the Ur-Energy restricted share units held by the CFO?

On 12/22/2025, 37,579 restricted share units were redeemed on a one-for-one basis for 37,579 common shares at no cash cost, consistent with the plan terms that each unit is redeemable for one common share upon vesting.

How many derivative securities does the Ur-Energy CFO hold after these transactions?

After the 12/22/2025 transactions, the Ur-Energy CFO beneficially owned 623,262 derivative securities related to options and 100,751 derivative securities related to restricted share units, all reported as held directly.

When will the remaining Ur-Energy restricted share units be settled for the CFO?

Each restricted share unit is redeemable for one common share, and the remaining units are scheduled under the plan to be redeemed for common shares on or within 30 days of 12/22/2027.